USA Jobs
Financial Recovery Representative - Sr
The Financial Recovery Rep - Sr will manage a portfolio of substandard SBA loans (under $1MM legal aggregate exposure), working with customers, attorneys, and liquidators to rehabilitate or gently exit borrowers unable to maintain their relationship with HNB. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrading back to the main business banking portfolio or charge-off of a loan. Develops resolution strategy on substandard SBA loans to minimize losses on the current loan portfolio (aggregate legal exposure up to $1MM). Responsible for loan management through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs; including verification of applicable collateral positions, loan documentation integrity, secondary market re-purchases, litigation plans, and SBA final wrap-up. Analyzes financial plans, negotiates loan collection and/or restructuring, recommends/oversees litigation, liquidation, or charge-off of a loan in a time-sensitive environment. Adheres to bank policies and procedures and comply with legal and regulatory requirements. Works with business banking line loan officers to manage non-pass rated borrowing relationships. Accountable for risk management, compliance, and audit performance for areas of responsibility whether a supervisor, manager, or individual contributor. Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an ongoing basis. Analytical thinking, strong attention to detail, sense of urgency, and ability and desire to provide. Maintains current knowledge of risk-related changes that may impact assigned areas of responsibility. Excellent written and verbal communication skills. Responsible for maintaining and timely record keeping in Financial Recovery Group specific systems of record (Access databases, Legal, Tracker, CARS, SBA Database, but not limited to) in addition to business banking systems. Performs other duties as assigned. Basic Qualifications: Bachelor's degree in business, finance, or accounting or equivalent. 3 years of experience in commercial/business banking underwriting, lending, credit, and/or appraisal required. Preferred Qualifications: Working knowledge of SBA requirements as well as loan documentation. Ability to work independently in a deadline-driven and goal-oriented team environment. Ability to read and analyze financial statements as well as various reporting. Ability to negotiate settlements, repayments, and sale of security/collateral while adhering to state and federal regulations as well as SBA SOP guidelines. Working knowledge of exit strategies including bankruptcy, closed business, legal remedies, and liquidation strategies. Vision / AFS Experience. Strong goal achievement orientation.
The Financial Recovery Rep - Sr will manage a portfolio of substandard SBA loans (under $1MM legal aggregate exposure), working with customers, attorneys, and liquidators to rehabilitate or gently exit borrowers unable to maintain their relationship with HNB. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrading back to the main business banking portfolio or charge-off of a loan. Develops resolution strategy on substandard SBA loans to minimize losses on the current loan portfolio (aggregate legal exposure up to $1MM). Responsible for loan management through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs; including verification of applicable collateral positions, loan documentation integrity, secondary market re-purchases, litigation plans, and SBA final wrap-up. Analyzes financial plans, negotiates loan collection and/or restructuring, recommends/oversees litigation, liquidation, or charge-off of a loan in a time-sensitive environment. Adheres to bank policies and procedures and comply with legal and regulatory requirements. Works with business banking line loan officers to manage non-pass rated borrowing relationships. Accountable for risk management, compliance, and audit performance for areas of responsibility whether a supervisor, manager, or individual contributor. Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an ongoing basis. Analytical thinking, strong attention to detail, sense of urgency, and ability and desire to provide. Maintains current knowledge of risk-related changes that may impact assigned areas of responsibility. Excellent written and verbal communication skills. Responsible for maintaining and timely record keeping in Financial Recovery Group specific systems of record (Access databases, Legal, Tracker, CARS, SBA Database, but not limited to) in addition to business banking systems. Performs other duties as assigned. Basic Qualifications: Bachelor's degree in business, finance, or accounting or equivalent. 3 years of experience in commercial/business banking underwriting, lending, credit, and/or appraisal required. Preferred Qualifications: Working knowledge of SBA requirements as well as loan documentation. Ability to work independently in a deadline-driven and goal-oriented team environment. Ability to read and analyze financial statements as well as various reporting. Ability to negotiate settlements, repayments, and sale of security/collateral while adhering to state and federal regulations as well as SBA SOP guidelines. Working knowledge of exit strategies including bankruptcy, closed business, legal remedies, and liquidation strategies. Vision / AFS Experience. Strong goal achievement orientation.