New

Sr Loss Mitigation Ofcr - Tampa, FL

Valley National Bank
$113,500.00 - $200,700.00 / yr
paid time off
United States, New Jersey, Fairfield
1 Passaic Avenue (Show on map)
Mar 21, 2026
Back Sr Loss Mitigation Ofcr #26-268 Multiple Locations Apply X Facebook LinkedIn Email Copy Job Overview At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the Bank that clients from every industry turn to for our expertise, strategies, and advice--building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth--with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US. At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you--working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients--that includes all our associates as well. The Senior Loss Mitigation Officer is responsible for the day-to-day administration of all assigned account relationships with identified credit deficiencies, to rehabilitate and remedy credits that may already be in default. Expected Work Hours 40 Job Description Responsibilities include but are not limited to: Manage a portfolio of criticized and classified commercial or commercial real estate loans while maintaining ongoing communication and dialogue with clients. Develop action plans and complex strategies to resolve problem loans through modification or transfer to SAD, assuring that credits are accurately risk rated and properly monitored and reported. Underwrite any modifications, renewals, annual reviews. Coordinate all activities required to complete a credit package. Approves Commercial and Industrial transactions and Commercial Real Estate transactions under individual lending authority, when applicable. Ensure the bank is in possession of current financial information, and that all credit documentation on file is complete and accurate in accordance with the Bank's credit policy. Conduct financial analysis (spreading statements), cash flow, evaluation of repayment sources and overall credit risk assessment. Follow past due payments and overdrafts, analyze financial statements, loan documents, and collateral to ascertain best collection route. Interact with Borrowers' Agents (CPA's/Property Managers) regarding management and tracking of covenants/borrowing bases/A-R Aging, required third party reports, appraisals, rent rolls, financial statements, real estate taxes, etc. for their loans. Respond to customer needs in a timely fashion and maintain close customer contact to ensure continued satisfaction and to follow or anticipate additional financing needs. Monitor and report changes in credit quality, making recommendations to senior management as to risk ratings, accrual of interest and charge-offs. Review documentation prepared by legal counsel for accuracy and consultation with attorneys, as needed, regarding forbearance agreements, modifications, etc. Review, analyze and correct any structural or documentation deficiencies and monitor the bank's collateral position. Ensure loan structures are consistent with Loan Policy, identify credit policy exceptions. Ensure that all actions taken are in compliance with federal and state guidelines. Prepare and present quarterly CLMR Reports (Criticized Loan Monitoring Report), as well as other portfolio management reports as required. Prepare Reservation of Rights Letters, Notices of Default and Acceleration, as well as other portfolio management reports as required. Proactively communicate and advise Lenders on issues related to Criticized Loans regarding Bank's Credit Policy and related Procedures/Forms. Requirements Required Skills: Knowledge of credit underwriting, accounting and loan documentation. Excellent verbal and written communication skills. Ability to organize and prioritize assignments while handling multiple projects simultaneously. Proficient computer skills using, Teams, Microsoft Word, Excel and Outlook. Excellent interpersonal and social skills. Good mathematical skills. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions. Knowledge of nCino/Salesforce a plus. Required Experience: High School Diploma or GED and a minimum of seven years of experience in a commercial lending, credit, or special assets environment. Valid driver's license Preferred Experience: Bachelor's Degree in Finance, Accounting or Business Full-time/Part-time Full-time FLSA Exempt Location(s). 1 Passaic Ave, Fairfield , New Jersey 07004 , United States 107 S Franklin St Suite 300, Tampa , Florida 33602 , United States Total Rewards Summary We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process. Job Details Pay Range Pay Range The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience. $113,500.00 - $200,700.00 / year Pay Transparency In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.