Chicago (NW Burbs)

POSITION SUMMARY: Manages a portfolio of high-risk small business loans (C&I+CRE). Eliminate the Bank’s losses by collecting liquidating troubled loans.

REQUIRED EDUCATION, EXPERIENCE AND SKILLS:

• Bachelor’s Degree in finance or business; or equivalent work experience required
• 3-5 years of increasing responsibility within commercial/small business loan collections
• Strong analytical ability with superior written and verbal communication skills
• Working knowledge of debtor-creditor law and bankruptcy
• Not seeking former mortgage industry collectors

DUTIES/RESPONSIBILITIES:

• Analyzes risk laden and non-performing small business loans and prepares written and oral presentations without assistance
• Proactively manages the Bank’s small business impaired loan portfolio, maximizing its value. Loans will be heavily weighted with real estate collateral
• Maintains loan files to the “disinterested third party” standard and in audit ready condition
• Provides timely and accurate “no surprises” reporting to management
• Prepares quarterly Action Plans on all managed loans over $100K
• Extensive interaction with the spectrum of small business customers experiencing financial distress, displaying tact and persuasiveness in selling the Bank’s position
• Seeks to minimize out-of-pocket legal and non-legal expenses related to loan remediation by focusing on cost benefit, recovering expenses from debtors whenever possible; maximizes loan recoveries and fee income
• Routine interaction with Small Business staff, Loan Review, Credit Administration, Loan Operations, governmental agencies (such as the SBA, FSA, etc.), external auditors, bank examiners and other as needed. Frequent interaction with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursuing the Bank’s agenda.

SPECIAL NOTE TO MORTGAGE LENDING JOB SEEKERS: Our commercial bank client does not consider your experience to be consistent with the requirements for this commercial lending position. Please do not submit a resume as it will not be presented. Thank you.

Additional information and a set of pertinent questions will only be sent to qualified candidates. Please email resumes in Word Document format to: Glenn Woerz, Director of Commercial Bank Recruiting – gwoerz@osgglobal.com