Sr. Asset Manager And Workout Specialist

Manage commercial loan portfolios with an emphasis on ensuring collections of varying types, in senior and subordinate lien positions. 

Major Duties and Responsibilities: 

• Establish and maintain regular contact with borrowers within assigned portfolio, including underperforming and nonperforming credits 
• Maintain reporting for assigned portfolios 
• Negotiate with Borrowers to secure collateral or assets as appropriate and necessary 
• Utilizing payment history and documented terms, prepare loan history reconstructions to determine correct unpaid principal balance and accrued interest balance
• Assist in preparing and executing loan workout strategies to ensure optimal asset recovery in accordance with client objectives 
• Assist with initiating foreclosure proceedings and engaging and working with receivers to ensure optimal collections and minimize any decline in collateral value 
• Review and interpret commercial loan documents to ensure servicing and covenant compliance for commercial credits in senior and subordinate positions in accordance with agreed upon terms 
• Report and actively pursue resolution of past due items and matters of default in accordance with agreed upon terms 
• Ensure effective written and verbal communication with staff, management and clients; and 
• Adhere to timelines and deadlines established based on client needs and department workflow 

Supervisory Requirements: 

None 

Independent Judgment: 

• Identify potential issues, including but not limited to, inconsistencies, errors and defaults and effectively report those issues to managers and clients. 
• Familiarity of all aspects of servicing nonperforming and underperforming commercial credits, including, but not limited to payment collections, negotiating terms, securing collateral, asset recovery and the foreclosure process. 

Minimum Qualifications: 

• 5+ years’ experience with managing commercial loans. 
• Bachelor’s Degree in business, finance or accounting related field or equivalent experience. 
• Knowledge of commercial loan documentation. 
• Attention to detail and strong organizational skills. 
• Robust problem-solving skills. 
• Ability to implore critical thinking measures and to think through global consequences. 
• Strong computer skills with emphasis on Microsoft Excel, Word, and Outlook and ability to learn new loan servicing systems or other software as implemented. 
• Professional communication skills, both verbal and written. 
• Must be able to produce at a high level under limited supervision and meet imposed deadlines in a fast paced, demanding environment. 
• Must be able to work independently and in a cooperative team environment. 
• Strong comfort level with technology, including ability to adapt to new systems quickly and easily. Thorough knowledge of and comfort with the Microsoft office suite applications. 

Physical Requirements

• Talking - Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.
• Hearing - Able to hear average or normal conversations and receive ordinary information.
• Repetitive Motion - Movements frequently and regularly required using the wrists, hands, and/or fingers.
• Vision - Average, ordinary, visual acuity necessary to prepare or inspect documents or products or operate machinery.
• Physical Strength - Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally.

This description has been designed to indicate the general nature and level of work performed by an employee in this position. The actual duties, responsibilities and qualifications may vary in the future based on new or revised work assigned to this position. 

AmeriNat offers a competitive benefits package including 401k; performance incentives; paid medical, life and long-term disability; dental; PTO and holiday pay as well as opportunities for advancement. Dress code is business casual (jeans allowed) and occasional business attire required. 

AmeriNat will consider qualified applicants in a manner consistent with local “Fair Chance” ordinances. AmeriNat is an Equal Opportunity Employer.