Financial Recovery Rep

Huntington National Bank; Akron (OH); On-site; USD 50,000 - 70,000; Full time

Job summary

A regional financial institution is looking for a Financial Recovery Rep in Akron, Ohio. The role involves contacting customers with delinquent loans, developing strategies to minimize losses, and overseeing legal and liquidation processes. Candidates should possess a bachelor's degree or equivalent experience with a commitment to compliance and regulatory standards. Experience in liquidating business loans is essential. This position offers a blend of office and possible remote work arrangements.

Qualifications

• Bachelor's degree or equivalent experience.
• At least 2 years of experience with business banking and commercial loan portfolios.

Responsibilities

• Contact customers to resolve past-due loans.
• Develop workout strategies to minimize losses.
• Document and maintain accurate records on accounts.
• Oversee complex cases involving defense lawsuits.

Skills

Negotiating settlements

Knowledge of U.S. bankruptcy laws

Multitasking and system skills

Education

Bachelor's degree or equivalent experience

Tools

Lotus Notes

Excel

Word

AFS / CACS / Velocity / RIMS / CARS

Job description

Join to apply for the Financial Recovery Rep role at Huntington National Bank.

Financial Recovery Rep develops workout strategy on classified (special asset) loans to minimize losses on a commercial loan portfolio. The position involves contacting customers with delinquent loan payments, negotiating loan collection or restructuring, and recommending or overseeing litigation, liquidation and forecast of charge‑offs and non‑accruals.

Duties & Responsibilities

• Contact customers by phone to resolve past‑due loans.
• Identify reasons for payment default.
• Determine bank position and remedies relative to bankruptcy cases.
• Develop workout strategies to minimize non‑accruals and charge‑offs and increase recovery opportunities.
• Document and maintain accurate records on accounts.
• Establish effective controls and processes to measure, monitor, and control risks.
• Oversee complex cases involving defense lawsuits and provide direction to legal counsel and/or liquidators.
• Review new legal and liquidation assignments and engage legal or liquidation vendors to aid in recovery and loss avoidance.
• Stay abreast of risk‑related law changes and legal precedent that may impact litigation or liquidation functions.
• Perform other duties as assigned.

Basic Qualifications

• Bachelor’s degree or equivalent experience.
• At least 2 years of experience liquidating assets held as collateral in a business banking and commercial loan portfolio.

Preferred Qualifications

• Ability to handle a fast‑pace environment with minimal supervision.
• Knowledge of U.S. bankruptcy laws.
• Ability to identify bank position relative to potential risks associated with pursuing litigation or liquidation.
• Skill in negotiating settlements, workouts, and sale of security while adhering to state and federal regulations.
• High school diploma required; bachelor’s degree preferred.
• Commitment to policy and procedure compliance and regulatory requirements.
• Preferred minimum of 2 years of liquidating assets held as collateral in a business banking and commercial loan portfolio.
• Experience with real estate foreclosure process preferred.
• Strong multitasking and system skills, including experience with Lotus Notes, Excel, and Word.
• Previous experience with AFS / CACS / Velocity / RIMS / CARS.

Employment & Work Environment

Exempt Status: Yes (not eligible for overtime pay)

Workplace Type: Office. Certain positions may offer a flexible work arrangement combining office and work‑from‑home options.

Equal Opportunity Statement

Huntington is an Equal Opportunity Employer.