Financial Recovery Representative II (Default Services)

Description
Summary:

Financial Recovery Rep IIs (Default Services) will manage a portfolio of substandard Business Banking loans, working with customers, attorneys and liquidators to gently exit borrowers unable to maintain their relationship with HNB.


Duties and Responsibilities:

+ Develops a litigation and or liquidation strategy on classified (financial Recovery-managed) loans up to $500M to minimize losses on a Business Banking portfolio.

+ Presents a summary of action plans to resolve the problem loans to FRG senior management specific to exit strategies.

+ Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation to reduce exposure.

+ Identifying appropriate risk ratings, accrual status and losses, address workout scenarios, communicates data driven results to upper management in a time sensitive environment.

+ Adheres to bank policies and proced...