Financial Recovery Rep - Sr. (SBA)
Core
Develops resolution strategies for classified (special asset) loans to minimize losses on the Business Banking or commercial loan portfolio.
Role type
Senior Financial Recovery Representative
Builds
Resolved loan portfolios for Business Banking and commercial lending
Domain
Banking / Credit Risk Management
Required skills
Loan analysis, financial plan analysis, negotiation, loan restructuring, litigation oversight, liquidation, charge-off management, SBA/USDA compliance, risk management, audit performance, staff training
Preferred skills
SBA and USDA requirements knowledge, written and verbal communication, goal achievement, attention to detail, independent work
Technologies
PC applications
Responsibilities
Develop resolution strategies for substandard risk-rated loans; Analyze financial plans and negotiate collection/restructuring/exit; Protect SBA/USDA guaranty integrity; Manage loans through SBA lifecycle including collateral verification and documentation; Work with business line loan officers on non-pass rated relationships; Establish controls and processes for risk measurement and compliance.
Seniority
Senior, hands-on IC with potential mentorship