Financial Recovery Representative 2
Financial Recovery Rep 2s will manage a portfolio of substandard Business Banking loans, working with customers, attorneys and liquidators to gently exit borrowers unable to maintain their relationship with HNB.
Duties and responsibilities include :
- Developing a litigation and or liquidation strategy on classified loans up to $250M to minimize losses on a Business Banking portfolio.
- Presenting a summary of action plans to resolve the problem loans to FRG senior management specific to exit strategies.
- Analyzing financial plans, negotiating loan collection or restructuring, and recommending / overseeing litigation, liquidation to reduce exposure.
- Identifying appropriate risk ratings, accrual status and losses, addressing workout scenarios, and communicating data driven results to upper management in a time sensitive environment.
- Adhering to bank policies and procedures and complying with legal and regulatory requirements.
- Accountable for risk management, compliance and audit performance for area(s) of responsibility whether a supervisor, manager or individual contributor.
- Establishing or working with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements.
- Maintaining current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
- Performing other duties as assigned.
Basic qualifications include :
Bachelor's Degree3 or more years of experience in commercial / business banking underwriting, lending, credit and / or appraisal required.Preferred qualifications include :
Bachelor's Degree in Business, Finance, or AccountingExcellent written and verbal communication skillsStrong goal achievement orientation.Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position.Ability to work independently in a deadline driven and goal-oriented team environment.Basic working knowledge of PC applicationsKnowledge of bankruptcy lawsAbility to negotiate settlements, workouts and sale of security while adhering to state and federal regulationsExperience with Real Estate Foreclosure processPrevious experience with AFS / Velocity / RETS / CARSStrong working knowledge of SBA loans and the associated workout process to ensure compliance with SBA Standard Operating Procedures.Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies.Compensation range : $63,000-$124,000 annually. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location, experience, and performance. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).
Huntington is an Equal Opportunity Employer.