Financial Recovery Rep III
Description
Summary:
The Financial Recovery Representative III position is full-time and is responsible for developing a workout strategy on business banking loans.
Duties and Responsibilities:
Develop a workout strategy on classified (special asset) loans.
Responsible for analyzing financial plans, negotiating loan collection or restructuring, and recommending/overseeing litigation, liquidation or the charge off of a loan.
Work with loan officers to manage the borrowing relationship and participate in loan watchlist preparation and review.
Adhere 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.
Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.
If applicable, ensures staff is properly trained, provided with appropriate resources and motivated to adhere to risk management principles.
Maintain current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
Perform other duties as assigned.
Basic Qualifications:
Bachelor's Degree in Business, Finance, or Accounting
7+ years of experience in commercial or business banking underwriting, lending, or credit
Preferred Qualifications:
Excellent written and verbal communication skills.
Strong goal achievement orientation.
Strong attention to detail, sense of urgency, and the ability and desire to provide exemplary service to our clients is key in this position.
Ability to work independently in a deadline driven and goal oriented team environment.
Basic working knowledge of PC applications.
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Remote
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.
Summary:
The Financial Recovery Representative III position is full-time and is responsible for developing a workout strategy on business banking loans.
Duties and Responsibilities:
Develop a workout strategy on classified (special asset) loans.
Responsible for analyzing financial plans, negotiating loan collection or restructuring, and recommending/overseeing litigation, liquidation or the charge off of a loan.
Work with loan officers to manage the borrowing relationship and participate in loan watchlist preparation and review.
Adhere 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.
Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.
If applicable, ensures staff is properly trained, provided with appropriate resources and motivated to adhere to risk management principles.
Maintain current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
Perform other duties as assigned.
Basic Qualifications:
Bachelor's Degree in Business, Finance, or Accounting
7+ years of experience in commercial or business banking underwriting, lending, or credit
Preferred Qualifications:
Excellent written and verbal communication skills.
Strong goal achievement orientation.
Strong attention to detail, sense of urgency, and the ability and desire to provide exemplary service to our clients is key in this position.
Ability to work independently in a deadline driven and goal oriented team environment.
Basic working knowledge of PC applications.
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Remote
Our Approach to Office Workplace Type
Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.
Huntington is an Equal Opportunity Employer.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.