Financial Recovery Rep Sr. - SBA

Description

Summary:

The Financial Recovery Rep – Sr will manage a portfolio of substandard SBA loans (under $1MM legal aggregate exposure), working with customers, attorneys and liquidators to rehabilitate or gently exit borrowers unable to maintain their relationship with HNB. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrading back to the main business banking portfolio or charge-off of a loan.

Duties & Responsibilities:

Develops resolution strategy on substandard SBA loans to minimize losses on the current loan portfolio (aggregate legal exposure up to $1MM).

Responsible for loan management through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs; including verification of applicable collateral positions, loan documentation integrity, secondary market re-purchases, litigation plans and SBA final wrap-up.

Analyzes financial plans, negotiates loan collection and/or restructuring, recommends/oversees litigation, liquidation or charge-off of loan in a time sensitive environment.

Adheres to bank policies and procedures and comply with legal and regulatory requirements.

Works with business banking line loan officers to manage non-pass rated borrowing relationships.

Accountable for risk management, compliance, and audit performance for areas of responsibility whether a supervisor, manager, or individual contributor.

Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis.

Analytical thinking, strong attention to detail, sense of urgency, and ability and desire to provide.

Maintains current knowledge of risk-related changes that may impact assigned areas of responsibility.

Excellent written and verbal communication skills.

Responsible for maintaining and timely record keeping in Financial Recovery Group specific systems of record (Access databases, Legal, Tracker, CARS, SBA Database, but not limited to) in addition to business banking systems.

Performs other duties as assigned.

Basic Qualifications:

Bachelor's Degree

3 years of experience in commercial/business banking underwriting, lending, credit and/or appraisal required

Preferred Qualifications:

Working knowledge of SBA requirements as well as loan documentation.

Ability to work independently in a deadline driven and goal-oriented team environment.

Ability to read and analyze financial statements as well as various reporting.

Ability to negotiate settlements, repayments and sale of security/collateral while adhering to state and federal regulations as well as SBA SOP guidelines.

Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies.

Vision / AFS Experience.

Strong goal achievement orientation.

#LI - ML1

#LI - Hybrid

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)Yes

Workplace Type:Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.

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