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Special Assets Portfolio Manager Team Lead
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Full-time
- Oversees loan workout officers for assigned region, directing the restructuring of problem credits in order to preserve loan principal, gather interest and prevent the loan from being charged off.
- Responsible for the restructuring of the largest, most complex problem credits, working with officials of lending and borrowing institutions to review and restructure credit and repayment terms, and to better secure collateral or attain an equity position and maximize recoveries on assigned accounts.
- Special Assets is responsible for the restructure and/or liquidation of classified loan relationships for Business Banking and the Commercial bank.
- The department's mission is to work with customers to effectuate a turnaround when appropriate and restructure the credit to retain the relationship, limit loan losses and maximize recoveries on all commercial loan relationships in excess of $1MM in Business Banking and $500M in Commercial Banking.
- This position is responsible for a small team within the Bank's Special Assets function within a defined Region.
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