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Commercial Asset Recovery Specialist

2 months ago

Chicago, Illinois, United States Old National Bank Full time
Job Summary

Old National Bank is seeking a highly skilled Commercial Asset Recovery Specialist to join our team. As a key member of our Credit Division, you will be responsible for developing and implementing strategies to recover troubled loans and mitigate risk. This is an exciting opportunity to work with a reputable financial institution and contribute to our mission of helping clients achieve their goals and dreams.

Key Responsibilities
  • Portfolio Management
    • Review and assess problem assets to identify potential workout or exit strategies.
    • Collaborate with customers, attorneys, and other professionals to resolve troubled assets.
    • Analyze financial statements to determine a client's ability to repay loans.
  • Achieve Collection Goals
    • Meet individual collection goals and targets.
    • Contribute to the success of the Special Assets Department and overall bank credit quality goals.
    • Develop skills necessary to work effectively in Special Assets and share knowledge with the team.
  • Communicating with Impact
    • Communicate with clients in a balanced, sensitive, and professional manner.
    • Explain the bank's approach to clients in a clear and respectful manner.
    • Retain the local reputation of Old National Bank in difficult situations.
Requirements
  • Culture Leadership
    • Effective communication and collaboration skills.
    • Strong self-awareness and respect for individual and cultural values.
    • Ability to contribute to an inclusive and engaging work environment.
  • Execution Leadership
    • Drive and execution skills to achieve established goals.
    • Ability to determine a course of action and set priorities.
    • Technical knowledge and continuous learning to improve performance.
    • Adaptability to changing business needs and client requirements.
  • Qualifications and Education
    • Associates degree in a business-related field or equivalent work experience.
    • Minimum three years in commercial lending/commercial workout experience or collections.
    • Strong creative thinking and negotiation skills.
    • Strong organization and communication skills.
    • Ability to meet strict deadlines and handle complex internal reporting requirements.
What We Offer

Old National Bank is committed to fostering an inclusive workplace and hiring a diverse workforce. We offer competitive compensation, a bonus program, and exceptional benefits, including BC/BS medical, Delta dental, and vision insurance. We also provide continuing education opportunities and a unique chance to work with a growing, client-focused, and collegial company.