Sr Financial Recovery Rep (SBA)

Huntington National Bank; Minnetonka (MN); Hybrid; USD 70,000 - 140,000; Full time

Benefits offered by this job

Health insurance

Wellness program

Retirement savings plan

Paid leave programs

Paid holidays

Paid time off (PTO)

Job summary

Huntington National Bank is seeking a Sr Financial Recovery Representative (SBA) to develop resolution strategies for special asset loans and minimize losses in the commercial loan portfolio. You will analyze financial plans, negotiate collections, and may oversee litigation or charge-offs while coordinating with loan officers.

The role requires a minimum of 3 years in commercial banking underwriting or credit, with strong communication and risk-management skills.

Qualifications

• Bachelor's degree in business, finance or accounting or equivalent, relevant work experience.
• A minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit.

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,

Skills

Financial analysis

Negotiation

Risk management

Communication

Education

Bachelor's degree in business, finance or accounting

Job description

Description

Summary:

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 experience

• A minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit required

Preferred Qualifications:

• Excellent written and verbal communication skills

• Strong 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 applications

  Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain 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 Salary

The 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.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.