Sr. Associate, Workout (Commercial Real Estate)

Sr. Associate, Workout (Commercial Real Estate)

Country: United States of America

USA Job Family Description: Monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.

USA Job Function Description: Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

The Sr. Associate, Workout leverages his or her subject matter expertise for collection and work out situations and activities to significantly improve existing processes and facilitates the resolution of problems loans, proactively minimizing potential losses to the Company. The incumbent manages accounts of advanced complexity and leads special workout projects and/or programs.

Essential Functions/Responsibility Statements:

• Manages accounts of advanced complexity, in accordance with risk management objectives and corporate budgets.

• Manages loan workout process expenses and division and corporate expense targets.

• Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.

• Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures.

• Proactively manages troubled loan relationships.

• Monitors portfolios and quality assurance in compliance with corporate policy.

• Ensures compliance with training, statutes, valuation and environmental policy.

• Facilitates the resolution of problems loans, proactively minimizing potential losses to the Company.

• Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.

• Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management.

• Prospects, solicits, and develops relationship-based clients on behalf of the Company.

• Processes charged-off financings including litigation, asset discovery and fraud investigations.

• Mentors and coaches work of junior level workout professionals.

• Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education:
Bachelor's Degree or equivalent work experience: Business, Accounting, Finance, Economics or equivalent field. Req
Master's Degree Business, Accounting, Finance, Economics or equivalent field. Pref

Work Experience:
9+ Years Workout or Collections experience. Req
9+ Years Req

Skills and Abilities:

• Advanced knowledge of collection and workout best practices, identification, resolution and implementation.

• Demonstrated experience facilitating change to achieve measurable results.

• Excellent interpersonal, supervisory, and customer service skills required.

• Excellent written and verbal communication skills

• Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.

• Excellent project management skills.

• Ability to build and foster internal relationships.

• Ability to lead, influence and direct peers, subordinates and management.

• Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.

• Self-directed, self-