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We are seeking an experienced leader to oversee the Managed Assets Group within a banking environment with offices in MA & NH. This position requires a strategic thinker skilled in problem loan resolution, borrower engagement, and team leadership. You will play a vital role in guiding the bank’s recovery efforts, ensuring compliance, and driving results through collaboration and expertise.
Job Responsibility:
Direct all aspects of collections, account workouts, litigation, and management of challenging borrower situations to ensure effective resolution strategies
Conduct detailed financial and cash flow analyses to identify viable solutions for borrowers and problem loans
Manage reporting functions, including the Bank's Watch List, Criticized Asset Reports, and Delinquency Reports, while chairing the Troubled Asset Review Committee
Represent the organization at foreclosure auctions and oversee property management post-foreclosure
Address and resolve account and collateral issues across diverse loan portfolios
Provide training and mentorship to lenders, management, and entry-level staff to enhance organizational expertise in workout disciplines
Lead recovery activities independently and collaborate with collections specialists and line officers to achieve optimal outcomes
Develop and implement innovative strategies to mitigate losses and improve loan performance
Serve as a trusted advisor to the organization, offering insights and recommendations on challenging borrower situations and recovery processes
Ensure regulatory compliance and maintain high standards of operational excellence
Requirements:
Minimum of 10+ years of experience in collections, bankruptcy, foreclosure, and loan workout within a banking environment
Proven expertise in managing C&I (including Small Business) and Commercial Real Estate loan workouts
Demonstrated ability to perform advanced financial and cash flow analysis
Exceptional negotiation, communication, and interpersonal skills
What we offer:
medical, vision, dental, and life and disability insurance