Business Loan Recovery Specialist
4 days ago
Newtek One, a leading provider of business solutions, is seeking a skilled Liquidation Officer to join its team. This role offers an exciting opportunity to work with a dynamic company that provides a wide range of financial solutions to small- and medium-sized businesses.
As a Liquidation Officer, you will play a crucial role in managing the risk mitigation of delinquent US SBA guaranteed loans. Your primary responsibility will be to collect payments, mitigate losses, and recover assets on behalf of the company.
The ideal candidate will possess excellent analytical, negotiation, and organizational skills, as well as strong communication and problem-solving abilities. You will work closely with the VP, Special Servicing Manager, and other team members to ensure effective loan management and minimize losses.
Key Responsibilities:
- Collect payments from delinquent borrowers
- Mitigate losses by implementing effective collection strategies
- Recover assets through liquidation or other means
- Work closely with the VP, Special Servicing Manager, and other team members to ensure effective loan management
- Analyze borrower financial positions to recommend appropriate courses of action
- Prepare bi-weekly status reports for senior management
Requirements:
- Bachelor's degree in Business, Economics, or Finance (or equivalent experience)
- Excellent analytical, negotiation, and organizational skills
- Strong communication and problem-solving abilities
- Experience with PCSF 2000 Loan Manager loan system
- Familiarity with Bankruptcy Code Chapters (7, 11, 13) and ability to work effectively with outside attorneys
Salary Range: $80,000 - $130,000 per annum
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