About the Role:Manage a portfolio of problem commercial borrowing relationships to maximize recovery to the bank through effective implementation of workout and liquidation strategies to mitigate loss. Manages and implements asset disposition plans through effective marketing of bank acquired loan collateral. Other Real Estate Owned (OREO) properties, including development and oversight of short sale strategies and assigned note sales. May supervise and lead the work of others. Manages the most complex transactions.
- Implement or assist in the development of timely workout action plans and effective follow up plans. Evaluate and document bank collateral position, complete business survivability assessments, and recommend alternative work out solutions as needed.
- Responsible for managing the collection activities on assigned accounts including broken payment follow up with borrowers, fee waiver and presenting recommendation for resolutions to more senior workout officers.
- Direct legal actions, bankruptcy, foreclosure, and judgment processes, and repossession or replevin actions for the team's portfolio. Conduct and manage negotiations and meetings with attorneys and borrowers.
- Responsible for asset disposition relative to more complex transactions including: A&D, bulk lots, land development properties, and note sales. May require strategic planning, marketing, and management of bulk land and/or lots in various stages of entitlement.
- Prepare complex analyses related to discounted cash flow and stabilization projections and sell recommendations for approval by senior or executive management.
- Analyze problem loans and make recommendations or approve actions to foreclose, repossess, or liquidate collateral when applicable.
- Facilitate meetings with borrowers, guarantors, business bankers, and attorneys to negotiate workout plans that will return loans to performing/pass status.
- Handles collections and charge-off accounts, assists lending officers on non-special asset accounts and prepares management reports as required.
- Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
- Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
- Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
- May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
- Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
- Takes personal initiative and is a positive example for others to emulate.
- Embraces our vision to become "Business Bank of Choice"
- May perform other duties as assigned.
About You:Education
- Bachelor's degree in business, finance, or equivalent (preferred)
Experience
- 7-10 years - of experience in special assets, commercial lending, loan workout, foreclosure, loss mitigation, OREO or real estate sales management and/or recovery/liquidation (Required)
- Less than 2 years - of previous supervisory or lead work experience (Preferred)
Skills
- Demonstrated ability to handle large, diverse, and complex transactions.
- Ability to handle multiple type of accounts.
- May supervise staff or direct business activities of other associates.
- Possess strong commercial credit skills, with the ability to assess complex business financial statements and restructure commercial loans accordingly.
- Expert knowledge of and experience in financial analysis, bankruptcy, workout, UCC, litigation, foreclosure of personal and real property and disposition of collateral.
- Possess excellent interpersonal, written, verbal, organizational, analytical, and decision making skills.
- Expert negotiating skills, proven ability to influence the attitudes and opinions of others, as well as work independently to achieve goals.
- Ability to communicate effectively with high-level internal and external contacts, including executive leadership.
- Extensive analytical and computer skills.
- Knowledge of overall Bank goals, including familiarity with procedures, policies and directives of the Bank and knowledge of procedure for establishing, maintaining and recommending all types of bank services.
- Ability to train and present to small and large audiences.
Travel Requirements
The pay range for this role is $85,000 to $130,000.
The pay rate for the selected candidate is dependent upon a variety of non-discriminatory factors including, but not limited to, job-related knowledge, skills, and experience, education, and geographic location. The role may be eligible for performance-based incentive compensation, and those details will be provided during the recruitment process.
Our Benefits:We are proud to offer a competitive total rewards package including base wages and comprehensive benefits.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays. Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.
