Special Assests Administrator - (US-IL-Chicago)
Special Assests Administrator - (US-IL-Chicago)
Compensation: $100K - $130K / Year
Minimum Education: Bachelors
Job Type: Full Time
Jobcode: N41644BRJA
No. of Openings : 2
Experience Required : 5 - 10 years
Degree Required : 4 Year Degree
Travel Required : to 25%
PAID RELOCATION AVAILABLE
Responsible for managing a portfolio of the larger and most complex, adversely graded loans. In general, the commercial loan workout function seeks to minimize the loss exposure in adversely-graded commercial lending relationships, including participation and agented loans, by understanding the collateral, documentation and industry trend and obtaining improvements in the collateral package, correcting or improving documentation or structural weaknesses and provide strategic direction designed to maximize the collection of principal and interest in a timely fashion. This position is responsible for reviewing and understanding strategies to exit or upgrade loan relationships, including bankruptcy, capital structures, collateral valuation and liquidation strategies and may provide overview and direction on critical issues or strategies to junior special asset administrators. Sound credit administrative skills and lending judgment are necessary. Individual would handle a significant size portfolio of direct assigned accounts of the most complex relationships. Position scope would include responsibility for assigned defaulted loan expense budget, and would require responsibility for managing legal, ORE income and expenses. Would manage the larger zero balance charge offs. Overall, would be responsible to maximize the recovery of principal, interest and manage defaulted loan expenses and OREOA along with charge offs loans.
Knowledge is normally acquired by completion of 4 years of college resulting in a bachelor’s degree or equivalent.
Five or more years applicable experience in managing a commercial or problem loan portfolio, credit training, documentation knowledge, knowledge of bank products/ services and regulatory issues.
Candidate Must Have :
* Bachelor's Degree or equivalent
* Workout Experience
* 5+ years applicable experience in managing a commercial or problem loan portfolio
* Credit Training and bank product and services knowledge
Email resume in Word to thebiggamehunter@cisny.com. Please include the job code for the position with your resume.
NO VISA TRANSFERS. NO OVERSEAS RESUMES. NO 3RD PARTIES.
To receive my free job search ezine, Head Hunt Your Next Job, go to www.jeffaltman.com to subscribe
9 East 37 Street
New York, NY 10016
______________________________________________________________________
This email has been scanned by the MessageLabs Email Security System.
For more information please visit http://www.messagelabs.com/email
______________________________________________________________________
posted by Unknown at 8:27 PM
