Credit Officer - Special Assets

First Horizon Bank; Coral Gables (FL); Presencial; USD 70.000 - 110.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical with wellness incentives

HSA with company match

Maternity and parental leave

Tuition reimbursement

401(k) with 6% match

Descripción de la vacante

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.

Formación

• 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.

Responsabilidades

• 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.

Conocimientos

Strong communication skills

Educación

Bachelor degree + 6–8 years experience

Herramientas

Microsoft Office suite

Descripción del empleo

Job Description

Location: On site at location listed in job posting

Summary

Responsible for managing a portfolio of problem commercial loans and implementing strategies to mitigate credit risk and maximize recovery.Ensures proper servicing, including but not limited to collections, assigning a proper loan rating, preparing detailed action plans, creation of exposure management strategies, and account related administrative duties.

Essential Duties And Responsibilities

• Restructures small to mid-size commercial problem loans of low to moderate complexity.
• Works with lending personnel and commercial borrowers to better secure collateral and/or assets of loan relationship.
• Contacts customers regarding delinquent accounts, and workout repayment strategies including authorizing payment extensions
• Maximizes collections and minimize losses on portfolio assigned while ensuring appropriate governance and prudent risk management.
• Prepares timely and accurate projection and C&C reports, recommends non-accrual and charge-offs, and rates the accounts according to the financial institution’s procedures
• Ensures payments are properly credited or applied to customer accounts and in financial institution records or returned, if foreclosure has been initiated or payments are unacceptable
• Reviews payment lists and maintains departmental files
• Ensures administrative support forwards financial institution information to credit bureaus as appropriate
• Orders liquidations, foreclosures and repossessions when necessary
• Work closely with outside vendors, especially law firms, to ensure invoices are accurate and the work product is appropriate.
• Performs all other duties as assigned

Supervisory Responsibilities

• No supervisory responsibilities

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:

• Bachelor (4-year college) degree and 6-8 years of experience or equivalent combination of education and experience
• Strong communication skills

Computer And Office Equipment Skills

• Microsoft Office suite

CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)

None required

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

Benefit Highlights

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

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