What are the responsibilities and job description for the Manager Loan Workout position at HSA Bank?
At HSA Bank, we're working toward a world where everyone is empowered to save for a healthy future. Our offerings in the healthcare savings space drive down healthcare costs, increase access, and assist with decision-making for consumers, health plans, partners, and advisors.
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Job Summary :
Manager level workout professional with broad experience in managing a portfolio of adversely classified loans, with a focus on maximizing recovery and minimizing losses. Experience (at least 3 years) of managing adversely classified loans. Intermediate Professional level. Actively participate and lead such key processes (if requested) as Impairments, PAR, Key Credit Metrics and Watch and Worse for assigned portfolio. Knowledge of CRE and MM loan structures.
Job Responsibilities :
- Assist in the management of a portfolio of workout loans. Structures would include cash flow, CRE collateralized loans.
- Evaluate credit file information and develop plan for resolution of loans to minimize exposure for the Bank.
- Execute approved strategies in a timely manner, assessing success and revising proactively as needed during the workout process.
- Follow bank policies to identify deteriorating credits, non-performing loans, prepare impairment analysis, recommend write downs and report to senior management on a timely basis. Participate in quarterly portfolio reviews and watch list reviews.
- Coordinates with inside / outside legal counsel to protect Bank's security and collateral; negotiate waivers and forbearance agreements; and document transaction restructurings in conjunction with approved workout strategy.
- Work effectively with internal partners and outside advisors as part of individual workout situations.
- Maintain complete, accurate and current electronic loan files for all assigned loans.
- Perform other duties as required and directed by the Senior Managing Director / CLW.
Experience :
The estimated salary range for this position is $110,000USD to $130,000USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
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All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Salary : $110,000 - $130,000
