Huntington National Bank Special Assets Representative-Back End Collections in Akron, Ohio
Special Asset Collections. Backend Collections Rep.
Location Option(s) for this Opening 3 Cascade Plaza Akron OH or 7 Easton Oval Columbus OH
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. Work with branch managers and loan officer to manage borrowing relationship.
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
At least 1 years' experience with asset liquidation
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 / RMS / Velocity / RETS / CARS.
EEO/AA Employer/Minority/Female/Disability/Veteran/Sexual Orientation/Gender Identity
Tobacco-Free Hiring Practice: To demonstrate our commitment to health and wellness, Huntington will not hire any candidate who uses tobacco or any nicotine product including, but not limited to, cigarettes, cigars, pipes, smokeless tobacco, chewing tobacco, snuff or snus, nicotine gum, the nicotine patch or any other kind of nicotine replacement product (where permitted by applicable state law). Candidates applying for positions in those states will be notified of this practice during the recruitment process and, if offered a position, will be screened for cotinine (to check for use of tobacco and/or nicotine products and/or nicotine replacement therapy products) before they begin employment. If the position to which you're applying is covered by this practice, the job application will provide greater detail as to what constitutes tobacco use.
Huntington does not accept solicitation from Third Party Recruiters for any position.