Senior Special Assets Representative

Huntington National Bank•Detroit, MI

1d•$70,000 - $140,000•Onsite

About The Position

Description Summary: The Senior Financial Recovery Rep develops resolution strategy on classified (special asset) loans to minimize losses on current Middle Market Large Corp/Mid Corp/ Sponsor Finance portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation or charge off-of loan. Works with moderately large and complex loans. May coach less experienced employees. Duties & Responsibilities: Develops resolution strategy on classified (special asset) loans to minimize losses on current loan portfolio: Middle Market Large Corp Mid Corp Sponsor Finance Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation or charge-off of loan. Works with business line loan officers to manage non-pass rated borrowing relationship. Adheres to bank policies and procedures and complies with legal and regulatory requirements. Accountable for risk management, compliance, and audit performance for area(s) of responsibility whether a supervisor, manager, or individual contributor. Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis. If applicable, ensures staff is properly trained, provided with appropriate resources, and motivated to adhere to risk management principles. Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility. Performs other duties as assigned,

Requirements

Bachelor's degree in business, finance or accounting or equivalent, relevant work experience
A minimum of 3 years of experience in commercial underwriting, lending, or credit required

Nice To Haves

Excellent written and verbal communication skills
Strong goal achievement orientation.
Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position.
Ability to work independently in a deadline driven and goal-oriented team environment.
Basic working knowledge of PC applications

Responsibilities

Develops resolution strategy on classified (special asset) loans to minimize losses on current loan portfolio: Middle Market Large Corp Mid Corp Sponsor Finance
Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation or charge-off of loan.
Works with business line loan officers to manage non-pass rated borrowing relationship.
Adheres to bank policies and procedures and complies with legal and regulatory requirements.
Accountable for risk management, compliance, and audit performance for area(s) of responsibility whether a supervisor, manager, or individual contributor.
Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis.
If applicable, ensures staff is properly trained, provided with appropriate resources, and motivated to adhere to risk management principles.
Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
Performs other duties as assigned