Description

Summary:  

Financial Recovery Rep 2s will manage a portfolio of substandard Business Banking loans, working with customers, attorneys and liquidators to gently exit borrowers unable to maintain their relationship with HNB.

Duties and Responsibilities:

Develops a litigation and or liquidation strategy on classified (financial Recovery-managed) loans up to $250M to minimize losses on a Business Banking portfolio.Presents a summary of action plans to resolve the problem loans to FRG senior management specific to exit strategies.Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation to reduce exposure.Identifying appropriate risk ratings, accrual status and losses, address workout scenarios, communicates data driven results to upper management in a time sensitive environment.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.Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility.Performs other duties as assigned.

Basic Qualifications:

Bachelor's Degree3 or more years of experience in commercial/business banking underwriting, lending, credit and/or appraisal required.

Preferred Qualifications:

Bachelor's Degree in Business, Finance, or AccountingExcellent written and verbal communication skillsStrong goal achievement orientation.Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position.Ability to work independently in a deadline driven and goal-oriented team environment.Basic working knowledge of PC applicationsKnowledge of bankruptcy lawsAbility to negotiate settlements, workouts and sale of security while adhering to state and federal regulationsExperience with Real Estate Foreclosure processPrevious experience with AFS / Velocity / RETS / CARSStrong working knowledge of SBA loans and the associated workout process to ensure compliance with SBA Standard Operating Procedures.Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies.

#LI-Hybrid

#LI-ML1

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

Yes

Workplace Type:

Hybrid

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

This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.