Windsor Advantage - Special Assets Associate

Windsor Advantage, LLC • Chicago, IL

14d • $55,000 - $70,000 • Hybrid

About The Position

THE SPECIAL ASSETS ASSOCIATE IS RESPONSIBLE FOR PROVIDING QUALITY CUSTOMER
SERVICE WHILE SERVICING AND/OR LIQUIDATING LOANS. THE SPECIAL ASSETS ASSOCIATE
WILL COORDINATE CRITICAL COMMUNICATION WITH CLIENTS, BORROWERS, GOVERNMENT
ENTITIES AND OTHER THIRD PARTIES (E.G., INSURANCE AGENTS, ATTORNEYS, CPA’S
ETC.), EXERCISING DISCRETION AND JUDGEMENT FOR THE NECESSARY DECISIONS
ASSOCIATED WITH THE ESSENTIAL FUNCTIONS BELOW.

Requirements

• BACHELOR’S DEGREE IN FINANCE, ACCOUNTING, OR A RELATED FIELD PREFERRED; OR EQUIVALENT RELATED WORK EXPERIENCE REQUIRED.
• MINIMUM OF 3 YEARS OF EXPERIENCE IN ADMINISTRATION, FINANCE, OR SIMILAR INDUSTRY.
• EXPERIENCE IN A FAST-PACED WORK ENVIRONMENT WITH INCREASED RESPONSIBILITIES.
• EXPERIENCE WITH ALL FORMS OF CLOSING DOCUMENTATION AND CLOSING REQUIREMENTS.
• KNOWLEDGE OF LOAN PROJECTS AND BASIC ACCOUNTING.
• KNOWLEDGE OF LEGAL AND CLOSING DOCUMENTS, INSURANCE DOCUMENTS, CONSTRUCTION DOCUMENTS, APPRAISAL DOCUMENTS, AND ENVIRONMENTAL DOCUMENTS.
• KNOWLEDGE OF SBA/USDA, GOVERNMENT GUARANTEED LENDING.
• WORK SOFTWARE INCLUDING MICROSOFT OFFICE, OFFICE 365, ADOBE SUITE.
• STRONG VERBAL AND WRITTEN COMMUNICATION SKILLS.
• ABILITY TO EFFECTIVELY PRESENT INFORMATION ONE-ON-ONE AND ABILITY TO DEFINE AND SOLVE PROBLEMS, COLLECT DATA, AND DRAW VALID CONCLUSIONS.
• MUST BE ORGANIZED AND DETAIL ORIENTED.
• MUST BE EFFECTIVE IN GROUP SITUATIONS WITH OTHER STAFF MEMBERS.
• STRONG ANALYTICAL AND NUMERICAL SKILLS.

Nice To Haves

• EXPERIENCE WITH SBA PRODUCT OFFERINGS PREFERRED.

Responsibilities

• EXHIBIT A DETAILED UNDERSTANDING, APPLICATION AND ADHERENCE TO INTENSIVE SERVICING AND LIQUIDATION POLICIES AND PROCEDURES. OVERSEE AND ENSURE POLICIES AND PROCEDURES ARE BEING FOLLOWED IN COMPLIANCE WITH REGULATORY AND COMPANY GUIDELINES.
• KEEP COMPLETE, ACCURATE AND AUDITABLE ELECTRONIC SUPPORTING DOCUMENTATION PACKAGES FOR ALL FUNCTIONS THAT YOU PERFORM.
• EFFECTIVELY MANAGE CRITICAL INTENSIVE SERVICING AND LIQUIDATION RELATIONSHIPS INCLUDING BANK CLIENTS, CREDIT UNION CLIENTS, ATTORNEYS, AND OTHER THIRD PARTIES
• WORK EFFECTIVELY TO MANAGE INTENSIVE SERVICING LIQUIDATION TIMELINE FOR WRAP UP AND CHARGE OFF.
• UNDERSTANDING OF ALL SBA SOP AND ASSOCIATED LIQUIDATION FORMS/PACKAGES.
• DRAFT AND ISSUE DEMAND LETTERS ON DELINQUENT LOANS.
• SUBMISSION OF SECONDARY MARKET REPURCHASE FOR LOANS ENTERING LIQUIDATION.
• PREPARE TIMELY AND COMPLIANT GUARANTY PURCHASE PACKAGE FOR SUBMISSION TO SBA CENTER
• GUIDE DISCUSSIONS WITH LENDERS REGARDING OPTIONS SUCH AS WORKOUT AGREEMENTS, FORBEARANCE AGREEMENTS, DEED-IN-LIEU AGREEMENTS.
• ORDER ANY NECESSARY THIRD-PARTY REPORTS AND EFFECTIVELY MANAGE THIRD PARTY VENDORS.
• CONDUCT LIQUIDATION ACTIVITIES SUCH AS AUCTIONS, FORECLOSURE, PURSUIT OF PERSONAL GUARANTORS
• CONCLUDE LIQUIDATION ACTIVITIES WITH SBA VIA WRAP UP/CPC REPORTS
• INTERFACE DIRECTLY WITH SBA SERVICING CENTER STAFF
• SPECIAL PROJECTS AS ASSIGNED BY A SUPERVISOR OR ANY MEMBER OF SENIOR MANAGEMENT.
• ADHERES SPECIFICALLY TO ALL COMPANY POLICIES AND PROCEDURES, FEDERAL AND STATE REGULATIONS, AND LAWS.
• HAS RESPONSIBILITY FOR FOLLOWING REGULATORY REQUIREMENTS INCLUDING THOSE PERTAINING TO THE BANK SECRECY ACT (BSA), ANTI-MONEY LAUNDERING (AML), CUSTOMER IDENTIFICATION PROGRAM (CIP), AND OFAC TO ASSIST IN THE IDENTIFICATION, DETECTION AND DETERMENT OF MONEY LAUNDERING OR OTHER UNLAWFUL ACTIVITIES.
• PERFORMS OTHER DUTIES AS REQUIRED.

Benefits

• COMPREHENSIVE BENEFITS PACKAGE INCLUDING MEDICAL, DENTAL, VISION, COMPANY PAID LIFE INSURANCE, DISABILITY INSURANCE, AND MORE!
• COMPANY CONTRIBUTIONS TO YOUR 401K - REGARDLESS OF YOUR CONTRIBUTION
• EMPLOYEE PERKS: EMPLOYEE RECOGNITION PROGRAM, COMMUTER BENEFITS, EMPLOYEE BANKING DISCOUNTS AND MUCH MORE!
• GENEROUS PAID TIME OFF AND PAID HOLIDAYS

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees