Senior Credit Recovery Specialist

2 weeks ago


Los Angeles, California, United States City National Bank Full time
Job Title: Senior Credit Recovery Specialist

City National Bank is seeking a highly skilled Senior Credit Recovery Specialist to join our team. As a key member of our Commercial Lending group, you will be responsible for managing a portfolio of problem consumer, commercial, real estate, and syndicated loans.

Key Responsibilities:
  • Investigate and analyze the condition of borrowers to identify problems in the credit and develop strategies to maximize recovery and reduce losses.
  • Negotiate and interface with executives, attorneys, and certified public accountants to develop an action plan to rehabilitate or develop an exit strategy for the credit.
  • Prepare and present reports on portfolio status, proposed action plans, performance tracking, forecasting losses, and recommendations for charge-offs.
  • Coordinate with other Bank departments and external regulators to proactively pursue the best course of action for the Bank regarding adversely graded loans.
Requirements:
  • Bachelor's Degree or equivalent.
  • Minimum of 4 to 6 years of experience in special assets in C&I, Real Estate, and/or fulfilling a lead agency role of a syndicated credit.
  • SAFE Act Registration.
Skills and Knowledge:
  • Thorough working knowledge of analysis of corporate financial statements, cash flow statements, and commercial/corporate structure.
  • Demonstrated ability to analyze credit and develop and negotiate repayment terms with large and mid-size companies and high net worth individuals.
  • Strong working knowledge of loan restructuring and re-negotiation of interest rates, terms, collateral requirements, documentation, and loan agreements.
  • Excellent verbal and written communication skills to interact effectively with all levels of Bank personnel and customers.
  • Must possess strong working knowledge of the Microsoft Suite.
Compensation:

Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.



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