Asset Recovery and Management Expert
3 weeks ago
Job Summary
We are seeking an Asset Recovery and Management Expert to join our team at Better Hire. This role is responsible for managing high-risk loan portfolios and overseeing the activities of the Collections Department.
Primary Responsibilities
- Develop and implement asset recovery strategies to maximize recovery of principal, interest, fees, and expenses of all Classified Loans and OREO Assets.
- Conduct thorough financial analysis of borrowing relationships and provide recommendations to improve cash flow and reduce risk.
- Collaborate with legal counsel to resolve problem credits and mitigate legal risk.
- Evaluate collateral and ensure compliance with bank policy requirements.
- Negotiate workout agreements with borrowers and ensure timely completion.
Requirements
- Bachelor's Degree in business, accounting, finance, economics or a related field.
- Minimum of ten years of experience in problem loan management, credit workout, collection management or other related areas.
- Strong knowledge of bankruptcy and business law.
- Excellent analytical, negotiation, and communication skills.
Estimated Salary: $160,000 - $220,000 per year.
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