Special Loans Manager
About The Position
Responsible for restructuring large and very complex problem loans. Independently analyzes loans and determines the most effective strategy to secure the repayment and/or collection of the debt. Negotiates with debtors or their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements. Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries. Maintains current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc. Collaborates closely with a team of workout professionals.
Requirements
- Bachelor's degree in Business or related field, or equivalent work experience
- Seven to ten years of experience in commercial lending and loan services activities
- Expert knowledge of specialized lending collections
- Proficient in navigating complex, sensitive, and challenging situations
- Advanced knowledge of commercial lending, loan services and credit policy/procedure
- Advanced knowledge of loan collections and workout, loan processing/documentation and credit analysis
- Excellent problem-solving and decision-making skills
- Strong interpersonal and verbal and written communication skills
Responsibilities
- Restructuring large and very complex problem loans.
- Analyzing loans and determining the most effective strategy to secure repayment and/or collection of debt.
- Negotiating with debtors or their representatives to secure repayment agreements.
- Monitoring adherence to the terms of repayment agreements.
- Providing technical advice and assistance to lenders regarding early identification and evaluation of deteriorating loan situations.
- Maintaining current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc.
- Collaborating closely with a team of workout professionals.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
- Incentive and recognition programs
- Equity stock purchase
- Pension
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What This Job Offers
Job Type
Full-time
Career Level
Manager
