Maximizes return on problem accounts and equipment liquidation in Equipment Finance’s commercial lease and loan portfolio. Works closely with management and legal counsel while mentoring less experienced staff.
Responsibilities
Maximizes Equipment Finance’s return on problem accounts and equipment liquidation within its commercial lease and loan portfolio.
Protects the bank's Equipment Finance’s financial risk and returns by reviewing contract modifications, restructures, and contract assumptions.
Researches complex collection and litigation issues and develops and implements workout arrangements on problem loans and leases including repossessions, legal action, and liquidation of collateral.
Contributes to the review, update, and implementation of new procedures and practices within the Collections Department.
Works closely with all levels of management, inter-departments, legal counsel, and customers to ensure company objectives are being met.
Assists the Collection Manager by providing coaching and mentoring to less experienced members of the collection staff.
Performs other duties as assigned.
Requirements
Bachelor’s degree in business or related field or equivalent work experience.
3+ years commercial lease and loan workout and collection experience with a variety of different types of lease and loan structures.
5+ years customer service/collection experience
Strong working knowledge of workout solutions and associated documentation.
Strong working knowledge of bankruptcy and commercial law.
Solid working knowledge of all stages of collections, insurance and bankruptcy litigation.
Strong working knowledge of State and Federal regulations governing collection practices.
Good working knowledge of equipment/collateral values and liquidation process.
Strong conflict resolution, motivational, analytical/problem solving and negotiation skills.
Works with little supervision and has the ability to prioritize and meet deadlines.
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