C&I, Special Assets Loan Officer (AVP/VP)

Employer
National Cooperative Bank
Location
Arlington, VA
Posted
Sep 20, 2021
Closes
Sep 23, 2021
Ref
103662636
Function
Executive, Other
Hours
Full Time
Come Join Our Team!NCB is seeking a highly motivated C&I Special Assets Loan Officer for its Arlington, VA headquarters office.The Special Assets Loan Officer will manage problem credits by assessing the financial position of the business operations, loan obligors and collateral values; reviewing, and strengthening documentation; determining the appropriate strategic direction and timelines and executing the strategy to achieve the desired results. All actions are taken while adhering to policies, procedures, approval authorities, as well as in compliance with all applicable state and federal laws. They will also manage the process for liquidation, foreclosure and the sale of REO.Responsibilities Include:Manage nationwide customer relationships in wide cross section of industries and revenue size ($1 million to $300 million) and types (commercial, cooperative, SBA, retail, wholesale, ESOP) through telephone and on-site contact. Meet with customers to evaluate existing conditions related to operations and asset type, and independently develop recommendations to improve the likelihood of repayment and minimize risk of loss to the Bank. Develop and implement action plans through assessment of Borrowers operations, management ability, review of legal position, financial performance, and collateral protection.Manage loans through bankruptcy, Note sale, foreclosure, liquidation, and disposition.55%On an ongoing basis prepare file documentation, review financial statements and perform financial analysis, site visit reports, Watchlist Reports, Board Reports, annual reviews, and SBA related claims and submission. Ensure risk ratings are reviewed timely and accurately, impairment determinations as needed, and completion of other key determinations related to assigned portfolio.Complete other assigned tasks based on ongoing OCC, Loan Review, Audit, Investor, Rating Agency and Investor reviews and preparation.Attend NCB internal meetings, present loan asset updates during Watchlist Meetings and other asset reviews, both internal and external parties.25%Contract with third party vendors to document transactions (attorney), liquidate assets (auctioneers/real estate brokers), appraise collateral (appraisers), collection agencies (charge off accounts), and investors/guarantors (Fannie Mae/SBA). 15%Training, involvement with Banking related organizations and special projects. 5%Minimum Qualifications:Undergraduate degree, in finance, accounting or business preferred or related work experience.Prior experience in commercial underwriting, commercial loan workouts with a minimum of 5 years prior experience required.Excellent written and verbal communication skills;Strong negotiation skills;Ability to analyze Financial Statements, Tax Returns and appraisals;Strong understanding of Statement of Cash Flows and Balance Sheets;Commercial Loan and Commercial Real Estate collection experience.Experience with SBA and processes;Ability to review and understand complex Loan documents;Knowledge of collection and foreclosure laws and regulations;Team Player;Ability to Multi-task;Perform well under pressure;Well organized, detail orientedExperience with Backshop, nCino, Perceptive Concept, and Microstrategy preferred, Microsoft Office Suite requiredAA/EOENCB is an equal opportunity employerAA/EOEby Jobble

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