Asset Recovery and Management Expert

3 weeks ago


Birmingham, Alabama, United States Better Hire Full time

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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