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.
Responsibilities:
- 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.
Background
- 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.
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