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Special Assets Representative in Columbus at Huntington

Date Posted: 1/9/2019

Job Snapshot

Job Description

Special Asset Collections. Backend Collections Rep.

Develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. Responsibilities include: contacting customers with delinquent loan Payments, negotiating loan collection and/or restructuring, and recommending/overseeing litigation, liquidation and forecasting charge off and non-accrual.

Job Description:

  • Contact customers by phone to cure past due loans

  • Identify reason for payment default

  • Identifies position and remedies relative to bankruptcy cases

  • Develops workout strategy to minimize non-accruals and charge offs. Increase recovery opportunities on current loan portfolio

  • Document and maintain a complete and accurate record on accounts

  • Establishes effective controls and processes to ensure risks are measured, monitored and controlled

  • Oversees complex cases involving defense lawsuits. Provides direction to legal counsel and/or liquidators

  • Review new legal and liquidation assignments and engages legal and or liquidation vendor to aid in recovery and loss avoidance

  • Keeps abreast of risk-related law changes and legal precedent that may impact litigation or liquidation functions

    Basic Qualifications:

  • Bachelor's degree or an additional 2 years of experience with asset liquidation

  • 1+ years' experience with asset liquidation

    Preferred Skills:

  • Asset liquidation for a business banking and/or commercial loan portfolio

  • Knowledge of Bankruptcy Proof of Claim and Relief of Stay filing process

  • Knowledge of Real Estate Foreclosures and Sheriff Sale process

  • Knowledge of vehicle repossession and sale of collateral process

  • Previous experience with, and knowledge of, Small Business Administration (SBA) loan products

  • Proven ability to handle a fast-pace collection environment with minimal supervision

  • Extensive knowledge of US Bankruptcy laws

  • Ability to identify banks position relative to potential risks associated with pursuing litigation and/or liquidation

  • Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations

  • Adhere to Policy and Procedures. Maintain compliance with legal and regulatory requirements

  • Prefer experience with Real Estate Foreclosure process

  • Multi-tasking, system skills/capabilities with previous knowledge of Lotus Notes, Excel and Word.

  • Previous experience with AFS / CACS / Velocity / RETS / CARS.

EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details. Huntington does not accept solicitation from Third Party Recruiters for any position.