Description :
Responsibilities:
Manage portfolio of the larger and most-complex, adversely graded loans Minimize the loss exposure in adversely-graded commercial lending relationships, including participation and agented loans, by understanding the collateral, documentation and industry trend and obtaining improvements in the collateral package, correcting or improving documentation or structural weaknesses and provide strategic direction designed to maximize the collection of principal and interest in a timely fashion.
Review and understand strategies to exit or upgrade loan relationships, including bankruptcy, capital structures, collateral valuation and liquidation strategies and may provide overview and direction on critical issues or strategies to junior special asset administrators.
Scope:
Individual would handle a significant size portfolio of direct assigned accounts of the most complex relationships.
Position scope would include responsibility for assigned defaulted loan expense budget, and would require responsibility for managing legal, ORE income and expenses. Would manage the larger zero balance charge offs to collect.
Maximize the recovery of principal, interest and manage defaulted loan expenses and OREOA along with charge offs loans.
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Skills:
Experience in managing a commercial real estate or problem loan portfolio, credit training, documentation knowledge, knowledge of bank products and services