Bachelor's Degree in business, finance, or accounting or equivalent experience
Knowledge of commercial loan documentation
Attention to detail with strong organizational skills
Robust problem-solving abilities
Ability to think critically and evaluate global consequences
Strong skills in Microsoft Excel, Word, and Outlook
Effective verbal and written communication skills
Ability to meet high productivity standards with limited supervision
Capability to work independently as well as in a team environment
Responsibilities
Establish and maintain contact with borrowers, focusing on underperforming loans
Maintain reporting on nonperforming and underperforming credits
Negotiate with borrowers for collateral or assets when necessary
Assist in developing loan workout strategies for optimal asset recovery
Engage in foreclosure proceedings and work with receivers for effective collections
Review commercial loan documents for servicing and compliance
Report and pursue resolution of past due items or defaults
Communicate effectively with staff, management, and clients
Adhere to established timelines based on client and departmental needs
Benefits
Comprehensive benefits package including 401k
Performance incentives
Paid medical, life, and long-term disability insurance
Dental coverage
Vacation, sick leave, and holiday pay
Opportunities for career advancement
Business casual dress code with occasional formal requirements
Full Job Description
Primary Position Objective
Manage commercial loan portfolios with an emphasis on ensuring collections for nonperforming and underperforming credits of varying types, in senior and subordinate lien positions.
Major Duties and Responsibilities:
Establish and maintain regular contact with borrowers within assigned portfolio with emphasis on borrowers with underperforming and nonperforming credits.
Maintain reporting for of nonperforming and underperforming credits.
Negotiate with Borrowers to secure collateral or assets as appropriate and necessary.
Assist in preparing and executing loan workout strategies to ensure optimal asset recovery in accordance with client objectives.
Assist with initiating foreclosure proceedings and engaging and working with receivers to ensure optimal collections and minimize any decline in collateral value.
Review and interpret commercial loan documents to ensure servicing and covenant compliance for commercial credits in senior and subordinate positions in accordance with agreed upon terms.
Report and actively pursue resolution of past due items and matters of default in accordance with agreed upon terms.
Ensure effective written and verbal communication with staff, management and clients; and
Adhere to timelines and deadlines established based on client needs and department workflow.
Supervisory Requirements:
None
Independent Judgment:
Identify potential issues, including but not limited to, inconsistencies, errors and defaults and effectively report those issues to managers and clients.
Familiarity of all aspects of servicing nonperforming and underperforming commercial credits, including, but not limited to payment collections, negotiating terms, securing collateral, asset recovery and the foreclosure process.
Minimum Qualifications:
5+ years' experience with managing commercial loans.
Bachelor's Degree in business, finance or accounting related field or equivalent experience.
Knowledge of commercial loan documentation.
Attention to detail and strong organizational skills.
Robust problem-solving skills.
Ability to implore critical thinking measures and to think through global consequences.
Strong computer skills with emphasis on Microsoft Excel, Word, and Outlook and ability to learn new loan servicing systems or other software as implemented.
Professional communication skills, both verbal and written.
Must be able to produce at a high level under limited supervision and meet imposed deadlines in a fast paced, demanding environment.
Must be able to work independently and in a cooperative team environment.
This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position.
AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; vacation, sick and holiday pay as well as opportunities for advancement. Dress code is business casual (jeans allowed) and occasional business attire required.
