Vice President Special Assets VP

Employee Type :  Full-Time Industry :  Banking - Financial Services
Other Manages Others :  Not Specified Job Type :  Finance
Banking
Other Education :  4 Year Degree Experience :  At least 5 year(s) Post Date :  8/1/2012  Description

Our bank is looking for a VP Special Assets.

The Vice President of Special Assets provides commercial loan workout services for the bank.  This expert will reduce the bank’s exposure to loss in commercial loan workouts and will develop and implement a plan of action to protect and improve the bank’s position in the credits through negotiating satisfactory repayment schedules, obtaining additional collateral and/or restructuring as appropriate.  Also reviews existing loan documentation for errors and omissions, and evaluates client’s financial strength and capacity to repay outstanding debt. 

Job Responsibilities:

Devise and implement repayment plans for problem commercial loans. Prepare periodic reports to management and the Board of Directors. Review existing loan documentation for errors and omissions. Negotiates satisfactory repayment schedules. Obtains additional collateral and/or restructuring as appropriate. Ongoing monitoring of existing loans for conformity to terms and conditions. Actively participates with and assists senior lending officers on larger, more complex credits. Monitors market conditions, observing competitor impact and makes recommendations to maintain competitive and profitable product line. Develop and maintain comprehensive knowledge of all commercial products including loans, cash management, trade service products and deposits to facilitate cross-selling and enhance the client experience. Analyze financial statements and related information.  Requirements

The Special Assets Vice President will have the following qualifications:

 

Must have 5

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