Senior Financial Recovery Representative developing strategies on classified loans to minimize losses in the commercial loan portfolio. Analyzing financial plans and negotiating loan restructuring.
Responsibilities
Develops resolution strategy on classified (special asset) loans to minimize losses on current loan portfolio.
Analyzes financial plans, negotiates loan collection, restructuring/rehabilitation or exit, and recommends/oversees litigation, liquidation, upgrade or charge-off of loan.
Protects the integrity of any applicable SBA or USDA guaranty while under FRG management by following all applicable SBA and USDA requirements.
Responsible for loan management through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs.
Requirements
Bachelor's degree in business, finance or accounting
A minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit required
Ability to work independently in a deadline driven and goal-oriented team environment
Working knowledge of SBA and USDA requirements
Ability to read and analyze financial statements
Basic understanding of loan documentation
Basic working knowledge of PC applications and Huntington systems
Benefits
health insurance coverage
wellness program
life and disability insurance
retirement savings plan
paid leave programs
paid holidays
paid time off (PTO)
Job title
Senior Financial Recovery Representative – Special Assets
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