Negotiates satisfactory repayment schedules, obtains additional collateral and restructures credit facilities when appropriate.
Responsible for mitigation efforts for both traditional and SBA portfolios to ensure compliance and maintain guaranty.
Reviews existing loan documentation for errors and omissions, and evaluates client's financial strength and capacity to repay outstanding debt.
Ensures collateral lien is perfected and determines collateral's current value.
Develops and implements a plan of action to mitigate loss. Negotiates a satisfactory restructure of the credit facilities and obtains additional collateral as appropriate. Monitors plan of action for the desired results.
Takes legal action when necessary. Initiates the repossession and/or liquidation of collateral or other legal action against the client.
Manages the repossession, foreclosure and sale of collateral so as to ensure the highest possible recovery. Works closely with both internal and external counsel to obtain judgments, maximize opportunities on bankrupt accounts, execute on assets, negotiate settlements, and develop most effective action plan of recovery, while managing litigation expense control.
Documents all contacts, agreements and discussions that transpire with the client.
Effectively analyze bankruptcy plans.
Analyze both business and individual tax returns and/or financial statements to determine plan of action.
Leadership and interpersonal:
Demonstrates critical thinking skills to identify the best plan of resolution
Demonstrates personal dedication and strong work ethic
Demonstrates strong written and communication skills
Demonstrated leadership skills
Ability to identify trends and escalate appropriately
Requires knowledge of bankruptcy, litigation and collateral liquidation process.
Requires Loan Workout or Loss Mitigation experience.
5+ years of commercial loan collections/loss mitigation experience highly desired
Working knowledge of state specific statutes regarding collections, litigation, asset assessment and execution preferred
Working knowledge of commercial loan documentation, security agreements, guaranties, and SBA processes preferred
Bachelor's degree or equivalent work experience required
Credit product knowledge preferred
Working knowledge of commercial credit philosophy and policies, loan documentation, guarantor support, and loan structure.
Chase is a leading financial services firm, helping nearly half of America's households and small businesses achieve their financial goals through a broad range of financial products. Our mission is to create engaged, lifelong relationships and put our customers at the heart of everything we do. We also help small businesses, nonprofits and cities grow, delivering solutions to solve all their financial needs.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans