Special Assets Relationship Manager

Old National Bank•Nashville, TN

1d•$60,000 - $121,300•Onsite

About The Position

Old National Bank, a regional powerhouse with over $70 billion in total assets, is seeking a highly motivated Special Assets Relationship Manager. Founded in 1834, the bank is deeply rooted in its communities, acting as a trusted partner to help clients achieve their goals. Old National is committed to social responsibility, investing in communities through volunteering and charitable giving. The bank offers competitive compensation, including a salary and incentive program, and a comprehensive benefits package featuring medical, dental, vision insurance, 401K, continuing education opportunities, and an employee assistance program. Old National also supports a variety of Impact Network Groups, fostering engagement, awareness of diverse backgrounds, and inclusion. This role offers a unique opportunity to join a growing, community and client-focused company with strong 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 under the direction of the Credit Division.
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 at least once per quarter.
Review identified problem assets, assess the bank's leverage and vulnerabilities, and identify possible workout or exit strategies and their implications.
Perform detailed reviews of a client's legal file to understand the bank's rights under loan documents.
Perform collateral evaluations, including collateral valuations and determining lien position.
Meet with customers, attorneys, realtors, auctioneers, appraisers, and other business professionals to resolve troubled assets.
Understand the financial capacity of the client by reviewing and understanding financial statements to 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.
Contribute to Special Assets Department team goals and overall bank credit quality goals such as Charge Offs, Impairment, Delinquencies, and Collections.
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 client exits with balance, sensitivity, respect, courtesy, and professionalism.
Explain the reasons for the bank's approach when asking a client to exit.
Maintain the local reputation of ONB while working through difficult situations.