Commercial Loan Workout Specialist

AmeriNat; Tampa (FL); On-site; USD 85,000 - 125,000; Full time

Benefits offered by this job

401k

Performance incentives

Paid medical, life and long-term-dis

Dental

Vacation, sick and holiday pay

Opportunities for advancement

Job summary

AmeriNat in Tampa, FL seeks a Senior Commercial Loan Portfolio Manager to oversee a diverse portfolio with emphasis on collections for nonperforming and underperforming credits in senior and subordinate lien positions. You will maintain borrower contact, monitor nonperforming loans, negotiate collateral, and support workout strategies.

Responsibilities include preparing reports, pursuing past-due items, ensuring covenant compliance, and coordinating with management and clients to meet deadlines

Qualifications

• 5+ years’ experience with managing commercial loans.
• Bachelor’s Degree in business, finance or accounting related field or equivalent experience.
• Knowledge of commercial loan documentation.
• Attention to detail and strong organizational skills.

Responsibilities

• Establish and maintain regular contact with borrowers within assigned portfolio with emphasis on borrowers with underperforming and nonperforming credits.
• Maintain reporting for nonperforming and underperforming credits.
• Negotiate with borrowers to secure collateral or assets as appropriate and necessary.
• Assist in preparing and executing loan workout strategies to ensure optimal asset recovery.
• Assist with initiating foreclosure proceedings and engaging receivers to ensure optimal collections.
• Review and interpret commercial loan documents to ensure servicing and covenant compliance.
• Report and pursue resolution of past due items and defaults.
• Ensure effective written and verbal communication with staff, management and clients.
• Adhere to timelines and deadlines based on client needs and department workflow.
• AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; vacation, sick and holiday pay; advancement opportunities.

Skills

Commercial loans

Financial analysis

Credit risk

Communication

Independent work

Education

Bachelor’s Degree in business/finance/accounting

Tools

Microsoft Excel

Word

Outlook

Job description

Manage commercial loan portfolios with an emphasis on ensuring collections for nonperforming and underperforming credits of varying types, in senior and subordinate lien positions.

Major Duties and Responsibilities:

• Establish and maintain regular contact with borrowers within assigned portfolio with emphasis on borrowers with underperforming and nonperforming credits.
• Maintain reporting for of nonperforming and underperforming credits.
• Negotiate with Borrowers to secure collateral or assets as appropriate and necessary.
• Assist in preparing and executing loan workout strategies to ensure optimal asset recovery in accordance with client objectives.
• Assist with initiating foreclosure proceedings and engaging and working with receivers to ensure optimal collections and minimize any decline in collateral value.
• Review and interpret commercial loan documents to ensure servicing and covenant compliance for commercial credits in senior and subordinate positions in accordance with agreed upon terms.
• Report and actively pursue resolution of past due items and matters of default in accordance with agreed upon terms.
• Ensure effective written and verbal communication with staff, management and clients; and
• Adhere to timelines and deadlines established based on client needs and department workflow.

Supervisory Requirements:

None

• Identify potential issues, including but not limited to, inconsistencies, errors and defaults and effectively report those issues to managers and clients.
• Familiarity of all aspects of servicing nonperforming and underperforming commercial credits, including, but not limited to payment collections, negotiating terms, securing collateral, asset recovery and the foreclosure process.

Minimum Qualifications:

• 5+ years’ experience with managing commercial loans.
• Bachelor’s Degree in business, finance or accounting related field or equivalent experience.
• Knowledge of commercial loan documentation.
• Attention to detail and strong organizational skills.
• Robust problem-solving skills.
• Ability to implore critical thinking measures and to think through global consequences.
• Strong computer skills with emphasis on Microsoft Excel, Word, and Outlook and ability to learn new loan servicing systems or other software as implemented.
• Professional communication skills, both verbal and written.
• Must be able to produce at a high level under limited supervision and meet imposed deadlines in a fast paced, demanding environment.
• Must be able to work independently and in a cooperative team environment.

This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position.

AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; vacation, sick and holiday pay as well as opportunities for advancement.

• 401k
• performance incentives
• paid medical, life and long-term disability
• dental
• vacation, sick and holiday pay
• opportunities for advancement

Dress code is business casual (jeans allowed) and occasional business attire required.

AmeriNat will consider qualified applicants in a manner consistent with local “Fair Chance” ordinances. AmeriNat is an Equal Opportunity Employer.