Job Type: Full-Time
Location: Minneapolis/St. Paul
Client Location: Mendota Heights, MN
Schedule Will Vary: Yes
Work Schedule: Mondays-Fridays, 8:00am-5:00pm
Job Description:
JOB SUMMARY
Analyzes portfolio of problem credit relationships of greater than $2M of outstandings, with goal of resolution through rehabilitation exit or liquidation. Judgment and negotiation skills are critical as well as an ability to interact with outside professionals in all areas within Associated.
KEY RESULT AREAS
• Problem Solving
• Negotiation
• Reconciling
• Research
• Workflow & Efficiency Analysis
• Control and Resolution of Reconciling Items
JOB ACCOUNTABILITIES
The following are essential job accountabilities:
1. Manage portfolio of complex problem credits. Ten to 25 relationships with outstandings of more than $2M.
2. Ensure the portfolio administration and risk management of each client relationship is in compliance with established Associated Banc-Corp credit policy, procedure and business strategy as well as commercial and regulatory guidelines.
3. Responsibilities regarding portfolio administration include:
a. Meetings with borrowers at bank or customer’s place of business
b. Evaluation of management team and business plan with judgments regarding avenues of resolution, ie: turnaround business and remain as customer, turnaround business and exit, exit as company exist, liquidation.
c. Negotiate with experts in workout area including bank and borrower’s attorney, CPAs, turnaround experts, representatives of other financing sources.
d. Expert knowledge of loan documents including loan agreements, loan covenants, perfection of collateral, real estate mortgages and guaranties.
e. Knowledge of collateral values and liquidation techniques including foreclosure and repossession.
f. Analysis of financial condition of borrower through financial information presented by customer.
g. Extensive knowledge of commercial real estate lending.
h. Interaction with other large national banks and negotiation of complex shared national credits.
4. Decides disposition of credit, making decision which are in the best interests of the bank. Knowledge to recognize situations in which incumbent does not have authority and communicates to manager.
5. Analyzes financial statements including cash flow on theoretical and real-time basis.
6. Negotiation skills with an ability to obtain additional loan strength (i.e.: collateral, guaranties, increased rates, fees, shorten maturities). Negotiates with borrower, borrower’s attorney, participants and other creditors.
7. Understands participations both as lead or participant in multi-lender syndications. Must be able to come to conclusions in the best interest of bank group and Associated.
8. Collaborates with several levels within the organization, including loan servicers, accountants, attorneys, and senior executives.
9. Advises lenders in problem situations as need arises.
10. Indirect supervision of credit analysts and administrative support group.
JOB SPECIFICATIONS
Minimum Education: Bachelor’s degree in business, finance, or accounting.
Minimum Experience: 7-10 years in banking or finance related business, which includes 3-5 years in workout.
Preferred Experience: 10+ years in banking or finance related business, which includes 7+ years in workout
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
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