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SVP Loan Workout Manager

New York, NY | Direct Hire

Post Date: 05/05/2017 Job ID: 11807 Industry: Loan Workout Officer

Chat with me now! - https://flashrecruit.com/jobs/7728
 

Expanding bank in NYC Has an excellent opportunity. Very Visible

SVP Loan Workout Manager

RESPONSIBILITIES:  

Manages loan workouts including bankruptcies, reorganizations, liquidations and restructurings in an effort to maximize collections and recoveries. This includes interaction and/or negotiation with lender groups, distressed borrowers, NY Legal Dept., outside counsel, bankruptcy judges and/or arbitration panels.

  Recommends allocated general loan loss reserves, write-offs, loan restructurings, settlement proposals and ALLL reserves on a quarterly basis for all US Branches.

  Monthly preparation of statistical asset quality reports i.e.: Loan Workout Status, Watchlist Program, Caution Loans List and Distressed Debt Pricing Reports.

  Compiles credit surveillance reports of problematic credit exposures and reports to senior management on a quarterly basis or as needed.

Assist in the development of credit policies and procedures.

Non-Voting Member of Credit Committee.

  Direct and supervise subordinates. Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations and terminations.

  Performs other duties and projects as assigned which fall within the scope of responsibility of the Loan Workout Dept.

QUALIFICATIONS 

  Understanding of commercial lending, loan workout, loan documentation, legal & regulatory issues affecting all lending activities and credit risk grading concepts. Credit and financial analysis skills.

Understanding of company mission statement, target markets, loan policies and credit standards.

  Credit and cash flow analysis skills with structured transactions, due diligence with attention to detail.

Experience:

15+ years of banking experience in lending, credit review

Education Required  Bachelor’ s degree with concentration in Business Administration required; MBA preferred.

 

 

 

Franca Diona
VP

Franca Diona has over 15 years of recruitment experience. She is a graduate of Iona College with a Bachelor of Arts specializing in public relations. She started her career in the music business working for major radio stations in the tri-state area. She furthered her career promoting the world-renowned musician Debbie Gibson. She utilized her skills expanding into the financial industry as a recruiter. Being a part of Adams Consulting Group has allowed Franca to broaden her craft by setting goals and striving to achieve them. She remains energetic and enthusiastic about getting the job done at ACG.

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