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SUMMARY:
This position is responsible for administration of a portfolio of troubled and/or distressed commercial and commercial real estate credits. The primary duties of this position include developing and implementing credit administration strategies that minimize the Bank’s potential loss on each assigned credit. This position requires a thorough knowledge of commercial credit underwriting and commercial collection practices, and the ability to effectively negotiate appropriate exit or remediation strategies with borrowers. This position works closely with Bank management, lending staff and legal counsel to protect the Bank’s interests and ensure compliance with all applicable laws and regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Reviews loan files upon assignment to understand the transaction and circumstances.
Takes appropriate action to enforce the bank's rights or position with respect to the loan and collateral.
Discusses issues with supervisor, other management personnel, and/or legal counsel to develop strategies and solutions.
Documents loan files with respect to actions taken and pertaining to each assigned account.
Works with third parties when appropriate to dispose of collateral.
Interacts with and direct the activities of commercial banking officers on accounts that are being handled on a shared responsibility basis.
Reviews, analyzes and interprets financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.
Responds to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
Maintains a comprehensive knowledge of applicable state and federal regulations relating to collections and/or workouts and ensure that the Bank’s policies and procedures are compliant with the same.
Develops and implements credit administration strategies that minimize the Bank’s potential loss.
Works with department management, Executive Management, Credit Officers and legal counsel to ensure assigned accounts are managed in accordance with Bank’s Credit Policy and applicable laws and regulations.
Other duties and responsibilities may be assigned.
OTHER REQUIREMENTS:
Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing. You will also be expected to complete all assigned compliance training in a timely manner.
Ability to identify redundancies and inefficiencies, make recommendations and successfully implement a solution;
Ability to quickly assess a situation and make a decision;
Ability to work in a fast-paced environment with competing demands of time and resources.
Demonstrate confidence, assertiveness, professionalism and ability to interact with all levels of the organization;
Ability to define problems, collect data, establish facts and draw valid conclusions.
Attention to critical details to properly identify potential issues;
Excellent organizational skills;
Ability to work independently on multiple tasks without compromising quality;
Excellent interpersonal and written communication skills.
Effective organizational skills and promptness.
Effective negotiation skills.
Proficient in Microsoft Office products, including Word, Excel and Outlook.
Bachelor’s degree in related field of study and 5 years of related experience or equivalent combination of education and experience required
Minimum 3 years of experience in Commercial Banking, Portfolio Management or Loan Review Experience strongly preferred;
Prior commercial workout experience preferred.
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