Special Assets Representative

2 weeks ago

Detroit, Michigan, United States Huntington National Bank Full time

Summary:

Develops resolution strategies on classified (special asset) loans to minimize losses within a business banking loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation or charge off-of loan. Works with loan officer to manage borrowing relationship. working with customers, attorneys, and liquidators to gently exit borrowers unable to maintain their relationship with HNB.

Duties and Responsibilities:

  • Develops a litigation and or liquidation strategy on classified (financial Recovery-managed) loans up to $500M to minimize losses on a Business Banking portfolio.
  • Presents a summary of action plans to resolve the problem loans to FRG senior management specific to exit strategies.
  • Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation to reduce exposure.
  • Identifying appropriate risk ratings, accrual status and losses, address workout scenarios, communicates data driven results to upper management in a time sensitive environment.
  • 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, monitored, and controlled and compliance requirements.
  • Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
  • Contact customers by phone to cure past due loans
  • Performs other duties as assigned.
  • Maintains an understanding of the scored underwriting model used in the management of substandard loans

Basic Qualifications:

  • 3 or more years of experience in collections, commercial/business banking, underwriting, lending, credit and/or appraisal required.

Preferred Qualifications:

  • Bachelor's degree in business, Finance, or Accounting
  • Excellent written and verbal communication skills
  • Strong goal achievement orientation.
  • Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position.
  • Ability to work independently in a deadline driven and goal-oriented team environment.
  • Basic working knowledge of PC applications
  • Knowledge of bankruptcy laws
  • Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations
  • Experience with Real Estate Foreclosure process
  • Previous experience with AFS / Velocity / RETS / CARS
  • Strong working knowledge of SBA loans and the associated workout process to ensure compliance with SBA Standard Operating Procedures.
  • Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies.

#LI-Hybrid

#LI-ML1

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Hybrid

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position

This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.


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