Job Description:
SOME SEE A BANK. WE SEE YOUR DREAM CAREER
As a premier community bank, Banco Popular North America (BPNA) strives to create an extraordinary legacy, with a passion for customer service, tremendous dedication to our people, partnership with our communities, and a commitment to deliver shareholder value. BPNA provides commercial and relationship banking services, offering a wide array of credit and deposit products to both individual and business clients through 146 branches located in New York, New Jersey, Florida, Illinois, California and Texas. We are a subsidiary of Popular, Inc., a $47 billion financial services company founded in 1893 with operations in the United States, the Caribbean, and Central America.
Through our program of Total Rewards, we offer a comprehensive package of benefits, career development, reward & recognition and work/life resources designed with your needs in mind. At BPNA, we make Dreams happen for our People, our Customers, and our Communities. Join us and pursue your dreams!
We are looking for a Loan Workout Officer to join our Small Business Workout Team in Rosemont, Illinois. You will be responsible for management and resolution of a portfolio of non-performing delinquent small business loans originated by BPNA Branches in the New York, Central Florida and South Florida Regions.
DUTIES AND RESPONSIBILITIES:
- Collect post due payments from customers
- Formulate and implement litigation strategies with outside counsel
- Properly manage risk rating of each loan assigned to the portfolio
- Properly mange charge off recommendations to management
- Provide support and guidance to the branch team in working with problematic customers.
- Actively go on field calls to inspect equipment and liquidations of collateral as necessary.
- Prepare monthly reports for senior management.
- Monitor delinquent loans in the region.
- Assist the region al managers on field calls when applicable.
- Review credit quality of files transferred to the Cash Asset Management Group, to determine appropriate course of action.
- Oversee and control classified loans that are assigned to Cash Asset Management Group.
- Responsible for periodic credit write up on accounts for management review.
- Responsible for the maintenance and restructure of classified loans as necessary.
- Prepare liquidation reports and plan for each classified file.
- Prepare to liquidate collateral on short notice when applicable.
- Act as liaison and work closely with SBA Group.
- •Follow and act in compliance with SBA guidelines when sending packages to the SBA for repurchase of their guaranty.
SKILLS, KNOWLEDGE AND ATRIBUTES REQUIRED:
- Experience and knowledge of Chapter 7, Chapter 11 and Chapter 13 bankruptcies.
- Understanding of legal remedies available in loan default scenarios and ability to work effectively with outside attorneys.
- Must understand SBA standard operating procedures regarding collections and liquidations.
- Strong problem-solving skills.
- Strong analytical, oral and written communication skills.
- Knowledge of banking principles, policies and procedures.
- Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
- Computer literate with a complete understanding of Microsoft Office programs and Excel.
- •Ability to establish and maintain effective work relationships both internally and externally.
- ACADEMIC BACKGROUND AND EXPERIENCE:
Bachelor’s Degree with an accounting background preferred with complete reconciliation experience.
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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