Unity Bank
Liquidation Specialist
Unity Bank, Clinton, New Jersey, us, 08809
Position Summary
Responsible for assisting in liquidating collateral on defaulted loans of all types. This includes Small Business Administration paperwork relating to the timely liquidation of non-performing loans. The incumbent must be able to know and keep to various timelines for filings determined by the Bank, Court and/or SBA. The ability to work independently, be detail oriented, and acquire new knowledge as needed is required.
Essential Functions
Track and meet timeline for foreclosure and SBA filings
Organize documents for use in guaranty repurchase
Prepare documents for SBA wrap-ups packages
Create and monitor SBA litigation plans
Coordinate and monitor legal statuses and budgets
Track and apply legal expenses to loans
Review balances for legal documents such as forbearance agreements and cure letters
Coordinate implementation of forbearance and other legal agreements
Preserve all loan documentation and ensure loan file accurately reflects the approved loan terms and protects the SBA Guaranty
Maintain a strong working knowledge of the SBA SOP, required forms, and Application documents
Keep current knowledge and consistent compliance with all Bank regulations, policies and procedures related to the position
Review assigned loan files and determine the information required for filing
Conducts frequent troubleshooting of moderate to complex issues that require evaluation, originality, and critical thinking to apply the appropriate procedures, processes and techniques
Assist management in defining and implementing policies and procedures
Additional Functions
Support Loan Servicing as needed
Support In-House Council as needed
Education and Experience
BS or BA degree preferred
3+ years banking, consumer, commercial, SBA and residential liquidation experience
SBA SOPs knowledge
Licenses and Certifications
N/A
Knowledge, Skills, and Abilities
Knowledge of NJ, NY, and PA foreclosure litigation
Knowledge of SBA SOP 50.57 Servicing and Liquidation
Excellent time management
Excellent oral and written communication skills
Ability to read, analyze, and interpret legal documents, governmental regulations, and professional publications
Excellent MS Suite skills
Strict attention to details and thoroughness in the completion of job duties
Physical Requirements
Ability to sit for long periods of time up to 75% of work hours.
Ability to use hands to grasp, handle or feel.
Ability to use computer keyboard and system to enter data and process information.
Ability to talk, listen and see.
Ability to use telephone to communicate with customers and employees.
Ability to use office equipment such as teller scanner, personal computer, telephone, copier, fax machine, adding machine etc.
Ability to lift up to 20 lbs. at least 25% of work hours.
Working Conditions
Moderate sound as in business office with office machines, computers, and people traffic.
Compliance
It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability. This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.
This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States. Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans
provided the individual is able to perform the essential functions of the job
, unless such accommodation would impose an undue hardship upon Unity Bank.
A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.
Essential Functions
Track and meet timeline for foreclosure and SBA filings
Organize documents for use in guaranty repurchase
Prepare documents for SBA wrap-ups packages
Create and monitor SBA litigation plans
Coordinate and monitor legal statuses and budgets
Track and apply legal expenses to loans
Review balances for legal documents such as forbearance agreements and cure letters
Coordinate implementation of forbearance and other legal agreements
Preserve all loan documentation and ensure loan file accurately reflects the approved loan terms and protects the SBA Guaranty
Maintain a strong working knowledge of the SBA SOP, required forms, and Application documents
Keep current knowledge and consistent compliance with all Bank regulations, policies and procedures related to the position
Review assigned loan files and determine the information required for filing
Conducts frequent troubleshooting of moderate to complex issues that require evaluation, originality, and critical thinking to apply the appropriate procedures, processes and techniques
Assist management in defining and implementing policies and procedures
Additional Functions
Support Loan Servicing as needed
Support In-House Council as needed
Education and Experience
BS or BA degree preferred
3+ years banking, consumer, commercial, SBA and residential liquidation experience
SBA SOPs knowledge
Licenses and Certifications
N/A
Knowledge, Skills, and Abilities
Knowledge of NJ, NY, and PA foreclosure litigation
Knowledge of SBA SOP 50.57 Servicing and Liquidation
Excellent time management
Excellent oral and written communication skills
Ability to read, analyze, and interpret legal documents, governmental regulations, and professional publications
Excellent MS Suite skills
Strict attention to details and thoroughness in the completion of job duties
Physical Requirements
Ability to sit for long periods of time up to 75% of work hours.
Ability to use hands to grasp, handle or feel.
Ability to use computer keyboard and system to enter data and process information.
Ability to talk, listen and see.
Ability to use telephone to communicate with customers and employees.
Ability to use office equipment such as teller scanner, personal computer, telephone, copier, fax machine, adding machine etc.
Ability to lift up to 20 lbs. at least 25% of work hours.
Working Conditions
Moderate sound as in business office with office machines, computers, and people traffic.
Compliance
It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability. This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.
This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States. Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans
provided the individual is able to perform the essential functions of the job
, unless such accommodation would impose an undue hardship upon Unity Bank.
A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.