| Location: |
Mid-Atlantic (DE, DC, MD, NJ, NY, PA, VA & WV) |
| Salary Range: |
100,000 - 100,000 |
| Total Compensation: |
125,000 - 125,000 |
| Job Description: |
The Director of Commercial Workout will be responsible for overseeing the collection strategy for the commercial and Agricultural workout portfolio. Works closely with the commercial workout officers and provides the strategic focus to bring the workout loan to a satisfactory conclusion. Manages complex workout credits and takes responsibility for the workout strategy on accounts assigned to all workout officers in the department. Assesses and monitors internal controls to ensure compliance with all relevant laws and regulations. Responsible for budget, legal expense and collection expense control for the workout department. Supervises the Loan Workout Manager, who will be responsible for the day-to-day operations of the department .
• Handle complex commercial workout credits. Take responsibility for all workout credits assigned to the other workout officers in the department and provide strategic guidance through direct meetings with the workout officers and borrowers.
• Train, develop and mentor staff, including the workout manager.
• Review all budgets, forecasts and charge off recommendations.
|
| Education and Certifications/Licenses: |
Bachelors, None, None |
| Mandatory Minimum Qualifications: |
• Strong negotiating skills in the area of workout
• Strong understanding of financial statement analysis
• Strong understanding of banking regulation associated with collections (Collection law, Bankruptcy law)
• Strong leadership skills
• Ability to communicate effectively both verbally and in writing
• Strong problem solving and organizational skills
• Bachelors Degree in a business related field ( Finance, Accounting desired)
• Minimum of 10 years of commercial workout experience
• Previous commercial lending experience handling middle market credits
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| Preferred Qualifications: |
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| Benefits: |
|
| Overnight Travel: |
None Listed |
| Relocation Assistance: |
Yes |
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