SUMMARY: This position handles a portfolio of non-performing loans, and the candidates must be able to interact with borrowers, bank personnel, attorneys and other professionals. Responsible for managing a portfolio of small to adversely graded loans. In general, the Workout and Recovery function seeks to minimize the loss exposure in collateral, in adversely graded commercial lending relationships, including participation and agented loans, by understanding the collateral, documentation and industry trend and obtaining improvements in the collateral package, correcting or improving documentation or structural weaknesses and provide strategic direction designed to maximize the collection of principal and interest in a timely manner. This position is responsible for reviewing and understanding strategies to exit or upgrade loan relationships, including bankruptcy, capital structures, collateral valuation and liquidation strategies. Sound credit administrative skills and lending judgment are necessary. Advanced written, verbal, presentation and interpersonal skills.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties and special projects may be assigned.
- Manages a portfolio of performing and non-performing and criticized loans.
- Prepares written memos, loan status reports, modifications, cash flow analysis, and recommendations for adjustments to risk ratings, accrual status and charge-offs.
- Restructures loans for commercial clients.
- Works with commercial borrowers to better secure collateral and/or assets of the borrower.
- Familiar with a variety of the field's collection practices and procedures.
- Relies on experience and judgment to ensure effective loan management and recovery strategies.
- A wide degree of creativity and latitude is expected.
- Must be able to deal with difficult situations.
- Must be able to make a determination when an account should be referred to an attorney and must be able to oversee the attorney's case management.
- Evaluates collateral, loan documentation, and financial information to determine borrower's case management. Develop payment strategy.
- Conducts negotiations with borrowers and borrower's counsel and make necessary judgments based on conditions presented to protect the bank's interest and achieve maximum recovery.
- Represent the bank on court litigation and bankruptcy cases.
- Handles all activities to ensure effective management and maintenance of properties including compliance with all environmental and regulatory requirements.
- Directs the liquidation on non-real property assets.
- Analyzes and determines impact of bankruptcy filings; ensure protection as a creditor.
- Provides advice and counsel to lending units in handling troubled loans.
- Interacts with internal and external legal counsel to develop collection strategy.
- Controls legal and other expenses associated with assets under management.
- Manages a portfolio of small to medium sized credits.
- Performs any additional tasks as assigned/requested by senior/executive management.
- Adheres to and complies with applicable, federal and state laws, regulations and guidance, including those related to anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.).
- Adheres to Bank policies and procedures and completes required training.
- Identifies and reports suspicious activity.
EDUCATION
Bachelor's Degree in business administration or a related field required
EXPERIENCE
- 2-4 Years of experience in small business banking/lending, commercial lending, credit or a related area required
KNOWLEDGE, SKILLS AND ABILITIES
- Good accounting skills developed through formal college undergraduate courses or through acceptable alternative means such as American Institute of Banking.
- Good knowledge of loan documentation and enforcement.
- Candidate should be detail oriented, demonstrate strong written and verbal communication skills
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BankUnited
Apr 03, 2025