Small Business Lending Operations - Special Assets

Capital One • Richmond, VA

249d • $144,000 - $164,400 • Hybrid

About The Position

As a Small Business Lending Operations Special Assets Manager you will act as a servicing officer for a portfolio of problem Small Business Banking ("SBB") loans. SBB Lending Operations Managers perform the duties of a lending officer and have loan authority as designated by bank management. Additionally, this person will administer and restructure problem SBB loans and deposit relationships with minimal managerial supervision to assure optimal levels of principal, interest and expense recovery. Evaluating customer relationships to determine whether an exit strategy or retention strategy is appropriate, and developing action plans to achieve selected strategy is essential in this role.

Requirements

• At least 2 years of experience in Commercial Lending or Small Business Lending.
• At least 2 years of experience in Credit Analysis.
• At least 2 years of experience in managing Distressed Loans.

Nice To Haves

• Bachelor's Degree.
• At least 5 years of experience in Commercial Lending or Small Business Lending.
• At least 2 years of experience in litigation processes under county, state and federal systems.

Responsibilities

• Responsible for managing and workout of a portfolio of SBB criticized loans.
• Evaluates the financial information collected, collateral pledged, and assets of a customer or guarantor to determine the appropriate workout strategy that will allow for collection of the maximum amount over the shortest period of time for the bank while controlling expenses.
• Interacting with external customers on a regular basis while delivering effective communication.
• Lead comprehensive workout strategy to ensure optimal loss protection to the Bank in terms of both time and money, while maintaining compliance with regulatory requirements.
• Recommends compromises of all debts being settled to ensure that optimal collections are obtained.
• Daily control of overdrafts on deposit accounts related to portfolio.
• Performs daily administration of banking relationship and customer services issues.
• Consults with both internal and external legal counsel regarding perfection of collateral as well as necessary legal actions and strategies to protect Bank's position.
• Negotiates loan and collateral documentation with third party counsel in conjunction with Lending Law.
• Analyzes third party legal documents and negotiates potential arrangements to determine an overall strategy to reduce the Bank's loss exposure.
• Documents status of relationship in compliance with existing policies.
• Additional responsibilities as assigned by the Special Assets Section Manager.

Benefits

• Comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.
• Performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI).

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree