Special Asset Group Sr. Manager

2 weeks ago

Chicago, United States Byline Bank. Full time
Job DescriptionJob Description

Objective of Position:

The Special Asset Group (SAG) Sr. Manager is responsible for the oversight of resolving distressed loans in order to minimize losses to the Bank.

Duties and Responsibilities:

  • Oversees and resolves a portfolio of distressed loans.
  • Designs and implements customized approaches for each loan relationship to maximize recoveries and minimize losses.
  • Responds timely, creatively, and effectively to changing and challenging dynamics as situations unfold, including bankruptcies, litigation, and uncovering new information that may reshape original strategies.
  • Communicates directly, and directs communications with customers, including delivering difficult messages; Bank employees at all levels and within all departments of the organization; and third parties.
  • Assesses collectability of indebtedness via collateral (including real estate, business assets, et. al.) and guarantees through site inspection and review of appraisals, evaluations, BPOs, field exams, tax returns, operating statements, personal financial statements, credit reports, and asset searches.
  • Recommends appropriate outside counsel, at the appropriate time, for workouts and effectively managing outside counsel’s efforts on the Bank’s behalf.
  • For real estate loans, ensures appropriate property level due diligence including assessing market, physical and environmental condition as well as liens and building code violations.
  • Understands the Bank’s loan rating system; appropriately and timely recommends risk rating upgrades and downgrades as needed.
  • Collaborates as part of a team with line officers on SAG “consults” and with others in the SAG & Portfolio Management Department.
  • Presents clear and concise credit approval requests (with credit analyst and junior officer assistance).
  • Maintains well documented credit files (with credit analyst and administrative support).
  • All other duties as assigned.

Note: Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:

  • Bachelor’s degree; major in economics, business, or related field.
  • 10+ years of related financial services industry experience including origination and workout experience with C&I and commercial real estate loans ranging from $100,000 to more than $10 million.
  • Think strategically with the ability to: identify, understand and define problems; evaluate alternatives; set priorities, and implement high quality solutions that support the overall goals of the Bank.
  • Possess ability to work collaboratively with a variety of stakeholders at all levels.
  • Take initiative.
  • Have strong organizational, project management, time management, and planning skills with the ability to directly manage multiple projects and priorities depending on organizational needs and strategies.
  • Possess strong communication skills both verbally and in writing.
  • Demonstrate proficiency in portfolio management and monitoring, negotiating, and litigation management.
  • Demonstrate ability and desire to invest in junior staff via training/mentoring.
  • Strong negotiation, interpersonal, project management, and legal/collection skills.
  • Development of junior staff via training/mentoring.


PHYSICAL DEMANDS/WORK ENVIRONMENT:

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is $118,200 to $150,000. Pay is based on several factors including but not limited to education, work experience, certifications, etc. In addition to your salary, Byline Bank offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with Byline Bank, you’ll find a far-reaching choice of benefits and incentives.



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