Description

Summary:

The Financial Recovery Rep- Senior develops resolution strategy on classified (substandard risk rated) loans to minimize losses on the Regional Banking or Commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrade or charge-off of a loan.  Works with moderately large and complex loans. May coach less experienced employees.

Duties & Responsibilities:

• Develops resolution strategy on classified (substandard risk rated) loans to minimize losses on current loan portfolio
• Analyzes financial plans, negotiates loan collection, restructuring/rehabilitation or exit, and recommends/oversees litigation, liquidation, upgrade or charge-off of loan
• Protects the integrity of any applicable SBA or USDA guaranty while under FRG management by following all applicable SBA and USDA requirements
• Responsible for loan management through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs including verification of applicable collateral positions, loan documentation integrity, secondary market re-purchases, litigation plans and SBA final wrap-up
• Works with business line loan officers to manage non-pass rated borrowing  relationships
• Adheres to bank policies and procedures and complies with legal and regulatory requirements
• Accountable for risk management, compliance, and audit performance for area(s) of responsibility whether a supervisor, manager, or individual contributor
• Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis
• If applicable, ensures staff is properly trained, provided with appropriate resources, and motivated to adhere to risk management principles
• Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility
• Performs other duties as assigned

Basic Qualifications:

• Bachelor's degree in business, finance or accounting or equivalent, relevant work experience
• A minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit required

Preferred Qualifications:

• Category of One service to our clients is key in this position
• Ability to work independently in a deadline driven and goal-oriented team environment
• Working knowledge of SBA and USDA requirements
• Ability to read and analyze financial statements
• Basic understanding of loan documentation
• Basic working knowledge of PC applications and Huntington systems

#LI - Hybrid

#LI - ML1

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Workplace Type:

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

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Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position