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, analyze, and evaluate the condition of the borrower to identify problems in the credit.
  • Develop strategies to maximize recovery and reduce losses from portfolios.
  • 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.
  • Create and prepare reports on portfolio status, proposed action plans, performance tracking, forecasting losses, and recommendations for charge-offs.
Requirements:
  • Bachelor's Degree or equivalent.
  • Minimum of 1 to 3 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.
Compensation:

Starting base salary: $71,869 - $114,797 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.



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