About this role
Manages the staff and functions of the Commercial Special Assets and Collection departments; balancing the urgency to reduce non-performing assets and the cost of doing so in order to minimize loss. Monitors the portfolio and develops workout and rehabilitation strategies and action plans to better protect and improve the bank’s position. Furthermore, this role also ensures strict adherence to SBA Standard Operating Procedures while executing effective workout strategies, including restructurings, liquidations, and guaranty purchase requests. Responsible for commercial loan restructuring, bankruptcy, foreclosure, and O.R.E.O. processes. Manages the impaired worksheet process and ensures the accuracy of the loan loss reserve.