Commercial Credit Risk & Recovery Specialist

First Horizon Bank; Coral Gables (FL); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Medical with wellness incentives

HSA with company match

Maternity and parental leave

Tuition reimbursement

401(k) with 6% match

Job summary

First Horizon Bank in Florida seeks a Loan Workout Specialist to manage a portfolio of problem commercial loans and implement strategies to mitigate credit risk and maximize recovery. You will supervise servicing activities, assign loan ratings, and drive action plans and exposure management strategies.

The role emphasizes collaboration with lending teams, borrowers, and vendors to optimize collateral, pursue collections, and ensure accurate reporting and governance.

Qualifications

• Bachelor (4-year college) degree and 6-8 years of experience or equivalent combination of education and experience.
• Strong communication skills.
• Proficiency with Microsoft Office suite.

Responsibilities

• Restructures commercial loans of low to moderate complexity.
• Works with lenders and borrowers to secure collateral or assets.
• Contacts delinquent customers and discusses repayment extensions.
• Maximizes collections and minimizes losses while ensuring prudent risk management.
• Prepares projections, C&C reports, and recommends non-accruals and charge-offs.
• Ensures payments are credited correctly and videos updated in records.
• Maintains departmental files and forwards information to credit bureaus as appropriate.
• Orders liquidations, foreclosures and repossessions when necessary.
• Coordinates with outside vendors and law firms to ensure invoices are accurate.
• Performs all other duties as assigned.

Skills

Strong communication skills

Education

Bachelor degree + 6–8 years experience

Tools

Microsoft Office suite

Job description

First Horizon Bank in Florida seeks a Loan Workout Specialist to manage a portfolio of problem commercial loans and implement strategies to mitigate credit risk and maximize recovery. You will supervise servicing activities, assign loan ratings, and drive action plans and exposure management strategies.

The role emphasizes collaboration with lending teams, borrowers, and vendors to optimize collateral, pursue collections, and ensure accurate reporting and governance.