Detroit, MI, USA
7 days ago
Financial Recovery Rep III (FKA Special Assets)
Description

Financial Recovery Representative III ( FKA Special Assets)

This Financial Recovery Representative III position is full-time and is responsible for developing a workout strategy on middle market loans primarily supporting the specialty lending areas with healthcare, technology, leasing, agriculture, franchise, auto finance and mezzanine borrowers.  

The selected individual will develop a workout strategy on classified (special asset) loans.  They will also be responsible for analyzing financial plans, negotiating loan collection or restructuring, and recommending/overseeing litigation, liquidation or the charge off of a loan.  They will also work with loan officers to manage the borrowing relationship over 10 MM in exposure and above and participate in loan watchlist preparation and review.

Quality Assurance:    Adheres to bank policies and procedures and complies 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.  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.  If applicable, ensures staff is properly trained, provided with appropriate resources and motivated to adhere to risk management principles.  Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility. 

Basic Qualifications:  

Bachelor's Degree in Business, Finance, or Accounting required. A minimum of 7 years of experience in commercial or business banking underwriting, lending, or credit experience to include Work- Out required. 

  Preferred Qualifications:

Excellent written and verbal communication skills. Strong goal achievement orientation. Strong attention to detail, sense of urgency, and the ability and desire to provide exemplary service to our clients is key in this position. Ability to work independently in a deadline driven and goal-oriented team environment. Basic working knowledge of PC applications.                   

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

Yes

Workplace Type:

Office

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 Huntington's Career Web Site for more details.

Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position

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