Kansas Employer
Special Assets Foreclosure & Bankruptcy Coordinator
Kansas Employer, Wichita, Kansas, United States, 67232
This job was posted by https://www.kansasworks.com : For more information, please see: https://www.kansasworks.com/jobs/13093915
Responsibilities and Expectations \ \ Reporting to the VP Director of Special Assets and Senior Credit Officer, the Special Assets Foreclosure & Bankruptcy Coordinator is responsible for coordinating the collections and workout efforts on portfolios of classified credits in the Banks various Regions. Responsibilities include:
Credit Quality
Monitors past due loans to ensure the timely shift to non-accrual, to ensure compliance with the Banks SOX ControlsParticipates in Regional Special Assets Meetings assists in the development of action plans as they relate to Loan Delinquency and ForeclosureAssists Lenders and Market Presidents on the preparation of demand letters due to delinquency and the subsequent progression to foreclosure.Facilitates the accurate completion of Status Change Request Forms (SCRFs) for all upgrades / downgrades, changes in accrual status and charge offs.Monitors all bankrupt loans and tracks delinquencyCoordinates the engagement of Legal Counsel for litigation including foreclosure and bankruptcy matters.Participates in the review of the quarterly Problem Loan Reports (PLRs).Focuses on reducing the Banks non-performing assets (NPAs) through either upgrades and return to accrual status or through the development and execution of exit strategies.Is cognizant of economic and industry trends in order to maximize opportunities and minimize risk.
Credit Administration
Ensures that the credits have been assigned the proper risk rating by the Loan Officer and or loan committee(s).Provides Senior Management with monthly / quarterly reports including:
o Foreclosure Report\ o Bankruptcy Report;
- - Non-Accrual Report
{=html} - - Report identifying loans moved to Accrual Status
{=html} - Ensures that loan file documentation is accurate, up-to-date and well maintained.
Regulatory / Audit Relations
Assists CCO, CRO and VP Director of Special Assets and Senior Credit Officer with the examination and audit processes to ensure a smooth experience and positive results.Understand and follow the applicable laws and regulations for job responsibilities including but not limited to:
{=html} - Equity Bank Business Ethic and Conduct Policy - Bank Secrecy Act (BSA) - Information Security - Suspicious Activity Report (SAR) - Reg. O - Reg. B - Fair Lending.
{=html} - Perform other duties as assigned or required.
Required Skills & Education
- - High School diploma required
{=html} - - Experience working in a financial institution preferred
{=html} - - Excellent interpersonal skills and professional manner
{=html} - Computer skills, especially the ability to work in Windows based systems
Who we are \ Equity Bank, a full-service, \$5 billion community bank, is based in Wichita, Kansas, with 70 bank offices throughout Kansas, Missouri, Arkansas, and Oklahoma.\ \ At Equity Bank, you can find exciting opportunities to challenge you, expand your skills, and reward your contributions. Our employees receive competitive compensation and benefits, while working in an atmosphere that encourages personal and professional growth. Were searching for motivated individuals who are passionate about serving others, learning new technologies, and working as part of a team.\ \ Equity Bank offers a full range of financial solutions, including online and mobile banking, commercial loans, consumer banking, and mortgage loans, treasury management service, the best solutions for your busine s, and absolutely zero ATM fees, anywhere.
Responsibilities and Expectations \ \ Reporting to the VP Director of Special Assets and Senior Credit Officer, the Special Assets Foreclosure & Bankruptcy Coordinator is responsible for coordinating the collections and workout efforts on portfolios of classified credits in the Banks various Regions. Responsibilities include:
Credit Quality
Monitors past due loans to ensure the timely shift to non-accrual, to ensure compliance with the Banks SOX ControlsParticipates in Regional Special Assets Meetings assists in the development of action plans as they relate to Loan Delinquency and ForeclosureAssists Lenders and Market Presidents on the preparation of demand letters due to delinquency and the subsequent progression to foreclosure.Facilitates the accurate completion of Status Change Request Forms (SCRFs) for all upgrades / downgrades, changes in accrual status and charge offs.Monitors all bankrupt loans and tracks delinquencyCoordinates the engagement of Legal Counsel for litigation including foreclosure and bankruptcy matters.Participates in the review of the quarterly Problem Loan Reports (PLRs).Focuses on reducing the Banks non-performing assets (NPAs) through either upgrades and return to accrual status or through the development and execution of exit strategies.Is cognizant of economic and industry trends in order to maximize opportunities and minimize risk.
Credit Administration
Ensures that the credits have been assigned the proper risk rating by the Loan Officer and or loan committee(s).Provides Senior Management with monthly / quarterly reports including:
o Foreclosure Report\ o Bankruptcy Report;
- - Non-Accrual Report
{=html} - - Report identifying loans moved to Accrual Status
{=html} - Ensures that loan file documentation is accurate, up-to-date and well maintained.
Regulatory / Audit Relations
Assists CCO, CRO and VP Director of Special Assets and Senior Credit Officer with the examination and audit processes to ensure a smooth experience and positive results.Understand and follow the applicable laws and regulations for job responsibilities including but not limited to:
{=html} - Equity Bank Business Ethic and Conduct Policy - Bank Secrecy Act (BSA) - Information Security - Suspicious Activity Report (SAR) - Reg. O - Reg. B - Fair Lending.
{=html} - Perform other duties as assigned or required.
Required Skills & Education
- - High School diploma required
{=html} - - Experience working in a financial institution preferred
{=html} - - Excellent interpersonal skills and professional manner
{=html} - Computer skills, especially the ability to work in Windows based systems
Who we are \ Equity Bank, a full-service, \$5 billion community bank, is based in Wichita, Kansas, with 70 bank offices throughout Kansas, Missouri, Arkansas, and Oklahoma.\ \ At Equity Bank, you can find exciting opportunities to challenge you, expand your skills, and reward your contributions. Our employees receive competitive compensation and benefits, while working in an atmosphere that encourages personal and professional growth. Were searching for motivated individuals who are passionate about serving others, learning new technologies, and working as part of a team.\ \ Equity Bank offers a full range of financial solutions, including online and mobile banking, commercial loans, consumer banking, and mortgage loans, treasury management service, the best solutions for your busine s, and absolutely zero ATM fees, anywhere.