Sr Financial Recovery Rep (SBA)

Huntington-Bank; Cincinnati (OH); Hybrid; USD 70,000 - 140,000; Full time

Job summary

Huntington Bank in Cincinnati seeks a Sr Financial Recovery Rep (SBA) to develop resolution strategies on classified loans and minimize losses in the business banking portfolio.

You will analyze financial plans, negotiate collections, and may oversee litigation, liquidation, or charge-offs. The role requires collaboration with loan officers and strict compliance with policies and regulations.

Qualifications

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Responsibilities

• Develops resolution strategy on classified (special asset) loans to minimize losses.
• Analyzes financial plans, negotiates loan collection or restructuring.
• Recommends/oversees litigation, liquidation or charge-off of loans.
• Works with loan officers to manage non-pass rated borrowing relationships.
• Adheres to bank policies, procedures, and regulatory requirements.
• Manages risk, compliance, and audit performance for responsible areas.
• Develops controls and processes to measure, monitor, and control risks.
• Ensures staff training and resource provision for risk management.

Skills

Excellent communication

Goal oriented

Attention to detail

Independent work

PC proficiency

Education

Bachelor's degree in business/finance/accounting

Tools

PC applications

Job description

DescriptionSummary:The Sr Financial Recovery Rep (SBA) develops resolution strategy on classified (special asset) loans to minimize losses on current Business Banking or commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, or restructuring, and recommending/overseeing litigation, liquidation or charge off-of loan. Works with moderately large and complex loans. May coach less experienced employees.Duties & Responsibilities:Develops resolution strategy on classified (special asset) loans to minimize losses on current loan portfolio.Analyzes financial plans, negotiates loan collection or restructuring, and recommends/oversees litigation, liquidation or charge-off of loan.Works with business line loan officers to manage non-pass rated borrowing relationship.Adheres to bank policies and procedures and complies with legal and regulatory requirements.Accountable for risk management, compliance, and audit performance for area(s) of responsibility whether a supervisor, manager, or individual contributor.Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis.If applicable, ensures staff is properly trained, provided with appropriate resources, and motivated to adhere to risk management principles.Maintains current knowledge of risk-related changes that may impact assigned area(s) of responsibility.Performs other duties as assigned,Basic Qualifications:Bachelor's degree in business, finance or accounting or equivalent, relevant work experienceA minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit requiredPreferred Qualifications:Excellent written and verbal communication skillsStrong goal achievement orientation.Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position.Ability to work independently in a deadline driven and goal-oriented team environment.Basic working knowledge of PC applicationsExempt Status: (Yes = not eligible for overtime pay) ( No = eligible for overtime pay)YesWorkplace Type:OfficeOur Approach to Office Workplace TypeCertain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.Compensation Range:$70,000-$140,000 Annual SalaryThe compensation range represents the anticipated low and high end of the base compensation range for this position. Actual compensation will vary based on various factors including but not limited to location, experience, and education. Colleagues in this position are also eligible to participate in an applicable incentive compensation plan. In addition, Huntington provides a variety of benefits to colleagues, including health insurance coverage, wellness program, life and disability insurance, retirement savings plan, paid leave programs, paid holidays and paid time off (PTO).Huntington is an Equal Opportunity Employer.Note to Agency Recruiters: Huntington will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington colleagues, directly or indirectly, will be considered Huntington property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.