City National Bank
Asset Recovery Officer-Senior
City National Bank, Miami, Florida, us, 33222
Asset Recovery Officer-Senior
Job ID:
2024-5102Category:
General CounselType:
Full-TimeWorkplace policy:
HybridOverview
Responsible for the resolution of problem loans, management of litigation relating to collection matters, and management and disposition of OREO portfolio in order to minimize losses.Principal Duties & Responsibilities:Analyzes loans and determines the most effective method for maximizing financial recovery.Collect, prepare, and analyze business and personal financial statements to administer a turnaround solution or exit strategy of complex credit relationships.Assess the credit quality of a relationship to determine the overall performance and associated risk and make recommendations for grading, accrual status, or loss recognition.Negotiates with debtors or their representatives and other creditors to secure appropriate workout arrangements.Establishes and implements repayment plans, monitors compliance with the plan.Negotiates settlements.Inspects, evaluates, protects and disposes of collateral.Pursues post-judgment collection.Provides advice and assistance to lending personnel regarding expedient identification and evaluation of deteriorating loan situations to recognize problem loans early and minimize losses.Assigns matters to legal counsel providing supporting documentation and information.Responds to and signs off on requests for production, interrogatories and affidavits.Attends hearings, depositions, trials and foreclosure sales.Monitors litigation and reviews/approves legal bills.Recommends loans for charge-off or non-accrual.Directs loan operations on processing payments.Prepares and disseminates information on the status of matters being handled.Communicates regularly with senior management.Coordinates with legal, audit, and credit/loan policy departments, as necessary, to ensure compliance of negotiated workout agreements.Prepares and presents loan portfolio status updates and reports as required.May act as a team lead and mentor. May orient, train or review the work of lower-level workout specialists.Performs other related duties as required.Qualifications
5-7 years Lending, Asset Recovery or Loan Workout experience.5-7 years loan underwriting and documentation experience.Well-developed knowledge of Commercial, Real Estate and Consumer lending credit structure and loan policy.Strong credit analytical skills.Formal credit training preferred.Strong analytical, critical thinking and problem-solving skills.Strong financial analysis skills.Experienced at interacting with clients, bank counsel, third-party service providers.Strong negotiation skills and the ability to work effectively under adverse conditions.Strong presentation and communication skills to include both verbal and written skills.Proficiency with both Excel and PowerPoint.Highly motivated, self-driven individual who can think strategically, operate independently and take accountability for the function.Ability to motivate, influence and collaborate with others both internally and externally.Ability to multi-task in a fast-paced environment.Education
Bachelor's Degree in Business, Accounting or Finance.Law Degree a plus.Special Instructions to Candidates
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.Please view Equal Employment
#J-18808-Ljbffr
Job ID:
2024-5102Category:
General CounselType:
Full-TimeWorkplace policy:
HybridOverview
Responsible for the resolution of problem loans, management of litigation relating to collection matters, and management and disposition of OREO portfolio in order to minimize losses.Principal Duties & Responsibilities:Analyzes loans and determines the most effective method for maximizing financial recovery.Collect, prepare, and analyze business and personal financial statements to administer a turnaround solution or exit strategy of complex credit relationships.Assess the credit quality of a relationship to determine the overall performance and associated risk and make recommendations for grading, accrual status, or loss recognition.Negotiates with debtors or their representatives and other creditors to secure appropriate workout arrangements.Establishes and implements repayment plans, monitors compliance with the plan.Negotiates settlements.Inspects, evaluates, protects and disposes of collateral.Pursues post-judgment collection.Provides advice and assistance to lending personnel regarding expedient identification and evaluation of deteriorating loan situations to recognize problem loans early and minimize losses.Assigns matters to legal counsel providing supporting documentation and information.Responds to and signs off on requests for production, interrogatories and affidavits.Attends hearings, depositions, trials and foreclosure sales.Monitors litigation and reviews/approves legal bills.Recommends loans for charge-off or non-accrual.Directs loan operations on processing payments.Prepares and disseminates information on the status of matters being handled.Communicates regularly with senior management.Coordinates with legal, audit, and credit/loan policy departments, as necessary, to ensure compliance of negotiated workout agreements.Prepares and presents loan portfolio status updates and reports as required.May act as a team lead and mentor. May orient, train or review the work of lower-level workout specialists.Performs other related duties as required.Qualifications
5-7 years Lending, Asset Recovery or Loan Workout experience.5-7 years loan underwriting and documentation experience.Well-developed knowledge of Commercial, Real Estate and Consumer lending credit structure and loan policy.Strong credit analytical skills.Formal credit training preferred.Strong analytical, critical thinking and problem-solving skills.Strong financial analysis skills.Experienced at interacting with clients, bank counsel, third-party service providers.Strong negotiation skills and the ability to work effectively under adverse conditions.Strong presentation and communication skills to include both verbal and written skills.Proficiency with both Excel and PowerPoint.Highly motivated, self-driven individual who can think strategically, operate independently and take accountability for the function.Ability to motivate, influence and collaborate with others both internally and externally.Ability to multi-task in a fast-paced environment.Education
Bachelor's Degree in Business, Accounting or Finance.Law Degree a plus.Special Instructions to Candidates
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.Please view Equal Employment
#J-18808-Ljbffr