Commercial Credit Recovery Specialist
1 month ago
Overview:
The position of Commercial Credit Recovery Specialist at City National Bank offers a unique opportunity to work with a team responsible for managing problem consumer, commercial, real estate, and syndicated loans.
About the Opportunity:
This role involves developing and recommending strategies to maximize recovery and reduce losses from own portfolio of commercial credits. You will work closely with borrowers, executives, attorneys, and mid-size company groups to review and restructure credit and repayment terms to better secure collateral, attain an equity position or charge-off the loan as appropriate.
Key Responsibilities:
- Investigate, analyze, and evaluate the condition of the borrower to isolate problems in the credit.
- Develop strategies to maximize recovery and reduce loses from portfolios.
- Negotiate and interface with executives, attorneys, and certified public accountants in developing an action plan to rehabilitate, if possible, or develop and implement an exit strategy for the credit.
- Create and prepare a variety of reports dealing with portfolio status and proposed action plans, performance tracking, forecasting losses, recommendations for charge-offs, and other routine reports for area of responsibility.
- Coordinate with other Bank departments (e.g., ABL, RM, Legal, CLC) as well as external regulators, auditors, business finance companies, and auctioneers to proactively pursue the best course of action for the Bank regarding adversely graded loans.
Requirements:
- Bachelor's Degree or equivalent
- Minimum of 1 to 3 years of experience in special assets in C&I, Real Estate, and/or fulfilling a lead agency role of a syndicated credit(s)
- SAFE Act Registration - Must be in good standing under The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (Safe Act) and must be registered/licensed with the Nationwide Mortgage Licensing System and Registry; or must be able to be registered under the Safe Act
Preferred Qualifications:
- Thorough working knowledge of analysis of corporate financial statements, cash flow statements, and commercial/corporate structure required
- Demonstrated ability to analyze credit and to develop and negotiate repayment terms with large and mid-size companies and high net worth individuals
- Strong working knowledge of loan restructuring and re-negotiation of interest rates, terms, collateral requirements, documentation, and loan agreements
- Excellent verbal and written communication skills to interact effectively with all levels of Bank personnel and customers
- Must possess strong working knowledge of the Microsoft Suite
Compensation:
The estimated annual salary range for this position is $71,869 - $114,797 per year, with opportunities for bonus and/or commissions based on performance and location.
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