Overview
The Asset Recovery Officer-Senior is responsible for the resolution of problem loans, management of litigation relating to collection matters, and management and disposition of OREO portfolio in order to minimize losses.
Principal Duties & Responsibilities:
- Analyzes loans and determines the most effective method for maximizing financial recovery.
- Collect, prepare, and analyze business and personal financial statements to administer a turnaround solution or exit strategy of complex credit relationships.
- Assess the credit quality of a relationship to determine the overall performance and associated risk and make recommendations for grading, accrual status, or loss recognition.
- Negotiates with debtors or their representative and other creditors to secure appropriate workout arrangements.
- Establishes and implements repayment plans, monitors compliance with the plan.
- Negotiates settlements.
- Inspects, evaluates, protects and disposes of collateral.
- Pursues post judgment collection.
- Provides advice and assistance to lending personnel regarding expedient identification and evaluation of deteriorating loan situations in order to recognize problem loans early and minimize losses.
- Assigns matters to legal counsel providing supporting documentation and information.
- Responds to and signs off on requests for production, interrogatories and affidavits.
- Attends hearings, depositions, trials and foreclosures sales.
- Monitors litigation and reviews/approves legal bills.
- Recommends loans for charge-off or non-accrual.
- Directs loan operations on processing payments.
- Prepares and disseminates information on the status of matters being handled.
- Communicates regularly with senior management.
- Coordinate with legal, audit, and credit/loan policy departments, as necessary, to ensure compliance of negotiated workout agreements.
- Prepare and present loan portfolio status updates and reports as required.
- May act as a team lead and mentor. May orient, train or review the work of lower level workout specialists.
- Performs other related duties as required.
Qualifications
- 5-7 years of Lending, Asset Recovery or Loan Workout experience.
- 5-7 years of loan underwriting and documentation experience.
- Well-developed knowledge of Commercial, Real Estate and Consumer lending credit structure and loan policy.
- Strong credit analytical skills.
- Formal credit training preferred.
- Strong analytical, critical thinking and problem solving skills.
- Strong financial analysis skills.
- Experienced at interacting with clients, bank counsel, third party service providers.
- Strong negotiation skills and the ability to work effectively under adverse conditions.
- Strong presentation and communication skills to include both verbal and written skills.
- Proficiency with both Excel and PowerPoint.
- Highly motivated, self-driven individual who can think strategically, operate independently and take accountability for the function.
- Ability to motivate, influence and collaborate with others both internally and externally.
- Ability to multi-task in a fast paced environment.
Education
- Bachelor's Degree in Business, Finance, or related field
- Paralegal certification preferred.
- An equivalent combination of education and/or relevant professional experience may be considered in lieu of a degree.
Special Instructions to Candidates
City National Bank of Florida is an Equal Opportunity Employer and is committed to providing equal employment opportunities to all applicants. We do not discriminate on the basis of race, color, religion, sex, pregnancy, national origin, age, disability, genetic information, protected veteran status, or any other status protected under federal, state, or Florida law. City National Bank of Florida complies with the Americans with Disabilities Act (ADA) and applicable Florida laws. Qualified individuals with disabilities who require a reasonable accommodation in order to complete the online application or participate in the hiring process may contact our Human Resources Talent Attraction Department talent.attraction@citynational.com.
