Special Assets Relationship Manager

Old National Bank•Rochester, MN

4d•Onsite

About The Position

Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving. We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.

Requirements

Minimum three (3) years in commercial lending/commercial workout experience or collections.
Strong creative thinking and negotiation skills with sound decision-making capabilities.
Strong organization skills.
Refined verbal and written communication skills.
Ability to meet strict deadlines.
Ability to handle complex periodic internal reporting requirements.
Ability to handle multiple and complex relationships in various stages of collection and recovery simultaneously.

Responsibilities

Develop and implement strategies for loans moved into the Special Assets Department.
Work with customers to achieve a desired resolution to mitigate risk and maximize recovery to the bank.
Manage an everchanging portfolio of troubled loans.
Report the status of each of their clients to senior management no less than once per quarter.
Review identified problem asset and assess bank’s leverage and vulnerabilities and identify possible workout or exit strategies along with implications to those decisions.
Perform detailed reviews of a client’s legal file to understand the bank’s rights under the loan documents.
Perform collateral evaluations which includes, but is not limited to, collateral valuations and determining lien position.
Meet with customers, attorneys, realtors, auctioneers, appraisers, and many other business professionals in order to resolve troubled assets.
Understand the financial capacity of the client, including the ability to review and understand financial statements to help determine the client’s ability to repay the loan.
Achieve individual goals established within the Special Assets Department, including individual Collection Goals, Fee Collection Goals, Delinquency Goals, and Financial Statement Exceptions.
Work to achieve Special Assets Department team goals and overall bank credit quality goals such as, Charge Offs, Impairment, Delinquencies, Collections, etc.
Proactively seek coaching to develop skills necessary to work within Special Assets; shares knowledge and best practices to enhance the team’s skills and performance.
Handle messages asking a client to exit the bank with balance, sensitivity, respect, courtesy, and professionalism.
Explain exactly why the bank is taking a particular approach with the client when asking them to exit the bank.
Retain the local reputation of ONB as we work through difficult situations.