Commercial Credit Recovery Manager
5 days ago
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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