Financial Recovery Rep 2 ( Special Asset )

Job description

Description Summary: The Financial Recovery Rep- Senior develops resolution strategy on classified (special asset) loans to minimize losses on current Business Banking or commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation or charge off-of loan. Works with moderately large and complex loans. May coach less experienced employees. Duties & Responsibilities: - Develops resolution strategy on classified (special asset) loans to minimize losses on current loan portfolio. - Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation or charge-off of loan. - Works with business line loan officers to manage non-pass rated borrowing relationship. - Adheres to bank policies and procedures and complies with legal and regulatory requirements. - Accountable for risk management, compliance, and audit performance for area(s) 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, moni...