Description

Financial Recovery Group Rep – Develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio.  Position is contacting customers with delinquent loan payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation and forecasting charge off and non-accrual. 

Detailed Description

Contact customers by phone to cure past due loansIdentify reason for payment defaultIdentifies position and remedies relative to bankruptcy casesDevelops workout strategy to minimize non-accruals and charge offs.  Increase recovery opportunities on current loan portfolioDocument and maintain a complete and accurate record on accountsEstablishes effective controls and processes to ensure risks are measured, monitored and controlledOversees complex cases involving defense lawsuits.  Provides direction to legal counsel and/or liquidatorsReview new legal and liquidation assignments and engages legal and or liquidation vendor to aid in recovery and loss avoidanceKeeps abreast of risk-related law changes and legal precedent that may impact litigation or liquidation functions

Basic Qualifications

Proven ability to handle a fast-pace environment with minimal supervisionPrefer knowledge of US Bankruptcy lawsAbility to identify banks position relative to potential risks associated with pursuing litigation and/or liquidationAbility to negotiate settlements, workouts and sale of security while adhering to state and federal regulationsHigh school diploma or equivalent required.   Bachelor’s degree preferred.Adhere to Policy and Procedures.  Maintain compliance with legal and regulatory requirementsPrefer a minimum of 2 years liquidating assets held as collateral in a business banking and commercial loan portfolioPrefer experience with Real Estate Foreclosure process

Other Traits and Characteristics:

Multi-tasking, system skills/capabilities with previous knowledge of Lotus Notes, Excel and Word.Previous experience with AFS / CACS / Velocity / RIMS / CARS.

#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.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

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.