Commercial Loan Resolution Specialist
3 weeks ago
The Commercial Loan Resolution Specialist is responsible for analyzing and resolving complex problem loans, ensuring optimal outcomes for the bank. This involves thorough research, negotiation, and coordination with various stakeholders.
This role requires exceptional analytical skills, strong communication abilities, and the ability to work collaboratively in a fast-paced environment.
Key Responsibilities:- Problem Loan Analysis: Conduct comprehensive analysis of problem loans, including review of loan documents, financial statements, and other relevant data.
- Negotiation and Coordination: Communicate with borrowers and other stakeholders to negotiate acceptable terms and conditions for loan resolution.
- Collection Efforts: Coordinate collection efforts on adversely graded credits with other institutions, ensuring the bank's interests are protected.
- Recovery Strategies: Develop and implement effective recovery strategies to maximize loan value and minimize bank loss.
- Bachelor's Degree in accounting, finance, economics, business administration, or a related field is required; Master's degree in finance, business administration, or a similar field is preferred.
- A minimum of 5 years of directly related commercial lending experience, with increasing responsibility for credit analysis and underwriting, is required. A minimum of one year of problem loan resolution (consumer and commercial), loan servicing, or related industry experience is preferred.
- Strong knowledge of financial statement and tax return analysis, as well as intermediate experience in all lending activities and terminology, is required.
- Intermediate understanding of the Fair Debt Collections Practices Act, bankruptcy law, debtor/creditor law, and the legal aspects of lending is essential.
The estimated salary for this position is $146,000 - $173,136 per annum, depending on location, which can vary between Las Vegas, NV, and Denver, CO. Additionally, the role may be eligible for annual bonus/incentives earned and restricted stock.
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