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Senior Credit Recovery Specialist

2 months ago


Los Angeles, California, United States City National Bank Full time
About the Role

We are seeking a highly skilled and experienced Credit Recovery Specialist to join our team at City National Bank. As a key member of our Commercial Lending group, you will be responsible for managing a portfolio of problem consumer, commercial, real estate, and syndicated loans.

Key Responsibilities
  • Investigate and analyze the condition of borrowers to identify problems in the credit
  • Develop strategies to maximize recovery and reduce losses from portfolios
  • Negotiate and interface with executives, attorneys, and certified public accountants to develop action plans to rehabilitate or exit credits
  • Create and prepare reports on portfolio status, proposed action plans, performance tracking, forecasting losses, and recommendations for charge-offs
  • Coordinate with other Bank departments and external regulators to pursue the best course of action for the Bank
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
  • SAFE Act Registration
  • Strong working knowledge of analysis of corporate financial statements, cash flow statements, and commercial/corporate structure
  • Demonstrated ability to analyze credit and develop and negotiate repayment terms with large and mid-size companies and high net worth individuals
  • Excellent verbal and written communication skills
  • Strong working knowledge of loan restructuring and re-negotiation of interest rates, terms, collateral requirements, documentation, and loan agreements
What We Offer

City National Bank offers a competitive salary range of $71,869 - $114,797 per year, with opportunities for bonus and/or commissions. We also offer a comprehensive benefits package and a dynamic work environment.

We are an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other basis protected by law.