Description

Summary:

The Financial Recovery Rep- Senior develops resolution strategy on classified (substandard risk rated) loans to minimize losses on the Regional Banking or Commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrade or charge-off of a loan.  Works with moderately large and complex loans. May coach less experienced employees.

Duties & Responsibilities:

Develops resolution strategy on classified (substandard risk rated) loans to minimize losses on current loan portfolioAnalyzes financial plans, negotiates loan collection, restructuring/rehabilitation or exit, and recommends/oversees litigation, liquidation, upgrade or charge-off of loanProtects the integrity of any applicable SBA or USDA guaranty while under FRG management by following all applicable SBA and USDA requirementsResponsible 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-upWorks with business line loan officers to manage non-pass rated borrowing  relationshipsAdheres to bank policies and procedures and complies with legal and regulatory requirementsAccountable for risk management, compliance, and audit performance for area(s) of responsibility whether a supervisor, manager, or individual contributorEstablishes 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 basisIf applicable, ensures staff is properly trained, provided with appropriate resources, and motivated to adhere to risk management principlesMaintains current knowledge of risk-related changes that may impact assigned area(s) of responsibilityPerforms other duties as assigned

Basic Qualifications:

Bachelor's degree in business, finance or accounting or equivalent, relevant work experienceA minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit required

Preferred Qualifications:

Category of One service to our clients is key in this positionAbility to work independently in a deadline driven and goal-oriented team environmentWorking knowledge of SBA and USDA requirementsAbility to read and analyze financial statementsBasic understanding of loan documentationBasic working knowledge of PC applications and Huntington systems

#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.

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