Senior SBDS Asset Manager Lead - Loan Workout

TalentAlly; Orlando (FL); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401(k) plan

Annual leave

Job summary

Truist Financial Corporation in Orlando, FL seeks a leader to manage a team of Small Business Default Solutions Asset Managers focused on maximizing returns from a portfolio of criticized and classified loans in line with Bank policy and strategic goals.

The role involves directing workload, coaching on repayment strategies, risk assessment, credit approvals, and mentor-ship across the unit, including complex negotiations to minimize losses.

Qualifications

• Bachelor's degree in business, finance, or banking or comparable education and related training.
• A minimum of 10 years commercial banking or equivalent experience, with at least 5 years of loan workout or problem loan resolution experience.
• A minimum of 7 years of management experience
• Superior negotiation, communication, interpersonal, financial analysis and problem solving skills
• Demonstrated ability to handle multiple priorities under time constraints.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

Responsibilities

• Assign and manage the workload of SBDS Asset Managers on the team to ensure a balanced portfolio.
• Provide leadership and coaching to SBDS Asset Managers in their identification and implementation of effective repayment and resolution strategies for criticized and classified small business loans.
• Responsible for ensuring that risk ratings, accrual status, and asset carrying values are appropriate for assigned area of responsibility.
• Co-approve credit requests, non-accruals, and charge-offs within established authority levels.
• Develop effective risk management culture for assigned team through leadership which includes coaching and counseling, feedback, and reinforcement, as well as support of the Bank's credit culture.
• Assist Asset Managers with highly complex credit analysis and negotiations to prevent or mitigate losses to the Bank for the most complicated commercial lending relationships within the assigned territory. This often involves the restructuring of debt or working through bankruptcies, liquidations and/or foreclosure actions.
• Evaluate and make recommendations for assigned personnel regarding employment, training (initial and ongoing), performance rating, salary changes, promotions, transfers, terminations, career enhancement, and staffing levels.
• Provide monthly certification of specific forecasting for non-performing assets, losses, and OREO transfers.
• Ensure direct reports are working cooperatively and effectively in a consultative or shadowing role with teammates from other Business Lending Units throughout the Bank, when required, in order to mitigate risk. Provide leadership with any issues that may arise with other Business Lending Units.
• Keep abreast of Bank Policy and changing business and economic developments which impact the loan portfolio, profitability, and banking in general.

Skills

Leadership

Negotiation

Financial analysis

Interpersonal skills

Problem solving

Education

Bachelor's degree in business/finance/banking

Master's degree preferred

Tools

Microsoft Office

Job description

Truist Financial Corporation in Orlando, FL seeks a leader to manage a team of Small Business Default Solutions Asset Managers focused on maximizing returns from a portfolio of criticized and classified loans in line with Bank policy and strategic goals.

The role involves directing workload, coaching on repayment strategies, risk assessment, credit approvals, and mentor-ship across the unit, including complex negotiations to minimize losses.