Loan Workout Portfolio Manager - To 135K - Staten Island, NY - Job 3761

<h3>Loan Workout Portfolio Manager – To $135K – Staten Island, NY – Job # 3761</h3><h3>Who We Are</h3><h3>The Symicor Group is a boutique talent acquisition firm based in Schaumburg, IL &amp; Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!</h3><h3>We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.</h3><h3>The Position</h3><h3>Our client is seeking to fill a Loan Workout Portfolio Manager role in the Staten Island, NY area. The position is responsible for overseeing portfolios that are distressed, delinquent, or high-risk commercial loans, developing strategies to maximize recovery and minimize losses.</h3><h3>This position comes with a generous salary of up to $135K and full benefits package. (This is not a remote position).</h3><h3>Loan Workout Portfolio Manager responsibilities include:</h3><ul>
<li>Develop and implement workout plan to rehabilitate loans or facilitate orderly exits.</li>
<li>Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.</li>
<li>Work with legal counsel on bankruptcies, foreclosure actions, and debt restructurings.</li>
<li>Experience writing policies and procedures for collateral monitoring, workouts, and periodic loan reviews.</li>
<li>Report on the assigned portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.</li>
<li>Draft memos for any substantial changes in a borrower's financial stability or ownership structure.</li>
</ul><h3>Who Are You?</h3><h3>You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.</h3><h3>You also bring the following skills and experience:</h3><ul>
<li>3+ years in commercial banking, credit analysis, or special assets/loan workout.</li>
<li>Deep experience with financial analysis.</li>
<li>College degree preferred.</li>
<li>Working knowledge of commercial lending, e.g. commercial real estate, construction and C&amp;I products.</li>
</ul><h3>The next step is yours. Email us your current resume along with the position you are considering to:</h3><h3>resumes@symicorgroup.com</h3>