Financial Recovery Rep III (C&I Specialty)
Huntington National Bank · Chicago, IL · 3 wk ago
Business Development$102k–$208k/yrFull-time
Description
The Financial Recovery Representative III (C&I Specialty) position is full-time and is responsible for developing a workout strategy on business banking loans.
- Develop a workout strategy on classified (special asset) loans (i.e. Healthcare, Energy, Government, Franchise, Non Profit)
- Responsible for analyzing financial plans, negotiating loan collection or restructuring, and recommending/overseeing litigation, liquidation or the charge off of a loan.
- Work with loan officers to manage the borrowing relationship and participate in loan watchlist preparation and review.
- Adhere to bank policies and procedures and complies with legal and regulatory requirements.
- Accountable for risk management, compliance and audit performance for area(s) of responsibility whether a supervisor, manager or individual contributor.
- Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis.
- If applicable, ensures staff is properly trained, provided with appropriate resources and motivated to adhere to risk management principles.
- Maintain current knowledge of risk-related changes that may impact assigned area(s) of responsibility.
Basic Qualifications
- Bachelor's Degree in Business, Finance, or Accounting
- 7+ years of experience in commercial or business banking underwriting, lending, or credit
Preferred Qualifications
- Excellent written and verbal communication skills.
- Strong goal achievement orientation.
- Strong attention to detail, sense of urgency, and the ability and desire to provide exemplary service to our clients is key in this position.
- Ability to work independently in a deadline driven and goal oriented team environment.
- Basic working knowledge of PC applications.
Exempt Status
(Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Compensation Range
$102,000-$208,000 Annual Salary
Note to Agency Recruiters
Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.