Job Description
Description
Summary:
The Financial Recovery Rep develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. Position is contacting customers with delinquent loan payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation and forecasting charge off and non-accrual. Duties & Responsibilities:
+ Contact customers by phone to cure past due loans
+ Identify reason for payment default
+ Identifies position and remedies relative to bankruptcy cases
+ Develops workout strategy to minimize non-accruals and charge offs. Increase recovery opportunities on current loan portfolio
+ Document and maintain a complete and accurate record on accounts
+ Establishes effective controls and processes to ensure risks are measured, monitored and controlled
+ Oversees complex cases involving defense lawsuits. Provides dir...
Summary:
The Financial Recovery Rep develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. Position is contacting customers with delinquent loan payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation and forecasting charge off and non-accrual. Duties & Responsibilities:
+ Contact customers by phone to cure past due loans
+ Identify reason for payment default
+ Identifies position and remedies relative to bankruptcy cases
+ Develops workout strategy to minimize non-accruals and charge offs. Increase recovery opportunities on current loan portfolio
+ Document and maintain a complete and accurate record on accounts
+ Establishes effective controls and processes to ensure risks are measured, monitored and controlled
+ Oversees complex cases involving defense lawsuits. Provides dir...