Financial Recovery Rep – Hybrid Role
Huntington National Bank
Description
Financial Recovery Group Rep – Develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. Position is contacting customers with delinquent loan payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation and forecasting charge off and non-accrual.
Detailed Description
Contact customers by phone to cure past due loans
Identify reason for payment default
Identifies position and remedies relative to bankruptcy cases
Develops workout strategy to minimize non-accruals and charge offs. Increase recovery opportunities on current loan portfolio
Document and maintain a complete and accurate record on accounts
Establishes effective controls and processes to ensure risks are measured, monitored and controlled
Oversees complex cases involving defense lawsuits. Provides direction to legal counsel and/or liquidators
Review new legal and liquidation assignments and engages legal and or liquidation vendor to aid in recovery and loss avoidance
Keeps abreast of risk-related law changes and legal precedent that may impact litigation or liquidation functions
Basic Qualifications
Proven ability to handle a fast-pace environment with minimal supervision
Prefer knowledge of US Bankruptcy laws
Ability to identify banks position relative to potential risks associated with pursuing litigation and/or liquidation
Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations
High school diploma or equivalent required. Bachelor’s degree preferred.
Adhere to Policy and Procedures. Maintain compliance with legal and regulatory requirements
Prefer a minimum of 2 years liquidating assets held as collateral in a business banking and commercial loan portfolio
Prefer experience with Real Estate Foreclosure process
Other Traits and Characteristics:
Multi-tasking, system skills/capabilities with previous knowledge of Lotus Notes, Excel and Word.
Previous experience with AFS / CACS / Velocity / RIMS / CARS.
#LI-Hybrid
#LI-ML1
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Hybrid
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntingtons Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.