Overview:
Responsible for managing portfolio of defaulted Commercial relationships to implement timely workout, repossession, or legal action required to secure the Bank's collateral and reduce the risk of loss up to $10MM.
Primary Responsibilities:
Collect and prepare business and financial statements for analysis to administer the turnaround or exit of complex credit relationships, which could include modifications.Assess credit quality of relationship to determine overall performance and risk; provide recommendations for Non-Accrual and Charge-Off for loan losses.Assess repayment ability under restructure and forbearance situations, as well as negotiate repayment with borrowers under complex loan relationships.Initiate direct contact at business location for site visits, discuss workout strategies, inspect collateral and condition, and to obtain signatures.Collaborate with the Legal D...