Commercial Credit Recovery Manager

5 days ago


New Hyde Park, New York, United States Newtek One Full time
Job Overview

Newtek One is a financial holding company providing a range of business and financial solutions to the small- and medium-sized business market. As a Liquidation Officer, you will play a critical role in managing the risk associated with delinquent US SBA guaranteed loans.

This position requires 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:

  • Manage the risk associated with delinquent US SBA guaranteed loans
  • Implement effective collection strategies to mitigate losses
  • 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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