Rehab Credit Officer

4 days ago


Birmingham, United States First Horizon National Corporation Full time

Location: On site in Birmingham, AL; Memphis, TN; Jonesboro, AR

SUMMARY

Responsible for managing a portfolio of problem commercial loans and implementing strategies to mitigate credit risk and maximize recovery. Ensures proper servicing, including but not limited to collections, assigning a proper loan rating, preparing detailed action plans, creation of exposure management strategies, and account related administrative duties.

ESSENTIAL DUTIES AND RESPONSIBILITIES
  • Restructures small to mid-size commercial problem loans of low to moderate complexity.
  • Works with lending personnel and commercial borrowers to better secure collateral and/or assets of loan relationship.
  • Contacts customers regarding delinquent accounts, and workout repayment strategies including authorizing payment extensions
  • Maximizes collections and minimize losses on portfolio assigned while ensuring appropriate governance and prudent risk management.
  • Prepares timely and accurate projection and C&C reports, recommends non-accrual and charge-offs, and rates the accounts according to the financial institution’s procedures
  • Ensures payments are properly credited or applied to customer accounts and in financial institution records or returned, if foreclosure has been initiated or payments are unacceptable
  • Reviews payment lists and maintains departmental files
  • Ensures administrative support forwards financial institution information to credit bureaus as appropriate
  • Orders liquidations, foreclosures and repossessions when necessary
  • Work closely with outside vendors, especially law firms, to ensure invoices are accurate and the work product is appropriate.
  • Performs all other duties as assigned
SUPERVISORY RESPONSIBILITIES
  1. No supervisory responsibilities
QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

  1. Bachelor (4-year college) degree and 6-8 years of experience or equivalent combination of education and experience
  2. Strong communication skills
COMPUTER AND OFFICE EQUIPMENT SKILLS
  1. Microsoft Office suite
CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)

None required

About Us

First Horizon is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. With $81.7 billion in assets as of December 31, 2023, we serve clients through a team of approximately ~7,300 associates and ~418 banking centers throughout the southeastern United States. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.

Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Corporate Diversity Commitment:

We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.

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Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)PDN-9dc652d8-abf4-4a20-b5d7-355e996fb1e9
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