Special Assets Relationship Manager

Old National Bank•Evansville, IN

6d•$60,000 - $121,300•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.
Effectively shares information and ideas with individuals and groups; displays self-awareness and self-management, tailors the delivery to the audience, and selects suitable delivery method(s).
Actively seeks, develops and maintains trusted relationships with others to achieve business goals and objectives.
Demonstrates strong self-awareness and respect of individual and cultural values by actively contributing to an environment that fosters inclusion, belonging and engagement of all team members.
Values and leverages the contributions, perspectives and ideas of all team members in decision-making and group processes.
Committed to achieving established goals, overcoming obstacles, and continuously learning to improve performance.
Ability to determine a course of action, set and manage priorities, and ensure optimal resources to achieve individual and/or team objectives.
Possesses the required technical knowledge to perform the role effectively; continuous learning to adopt new trends or expertise.
Modifies behavior and approach in order to deal effectively with changing business needs, conditions, work responsibilities and requirements, and client needs; maintains effectiveness when experiencing change.

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 a portfolio of troubled loans.
Report the status of each client to senior management no less than once per quarter.
Review identified problem assets and assess bank’s leverage and vulnerabilities.
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.
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 Collection Goals, Fee Collection Goals, Delinquency Goals, and Financial Statement Exceptions.
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.
Share knowledge and best practices to enhance the team’s skills and performance.
Handle messages to clients exiting the bank with balance, sensitivity, respect, courtesy, and professionalism.
Explain exactly why the bank is taking a specific approach with a client when asking them to exit the bank.
Retain the local reputation of ONB while working through difficult situations.