Commercial Workout Lender

Location
Jackson, Michigan
Salary
Commensurate with Salary and Experience
Posted
Jun 30, 2024
Closes
Aug 22, 2024
Ref
654530370
Specialty
Lending
Type
Full Time
Description

County National Bank (CNB) is an independent, locally owned, community bank that is successful and growing whose mission is to "sustain its deep commitment to the community and its traditions of excellence in all aspects of banking and provide outstanding client service and solid financial performance."

We invite you to share in our mission and vision as a community banker, making a difference in your community while experiencing excellent benefits and career opportunities.

CNB is looking for a qualified, motivated, and client- and team-focused individual to join our team as an ON-SITE Commercial Workout Lender for our Jackson Courtland Office in Jackson, Michigan.

JOB SUMMARY

Commercial Workout Lender works under the direction of the Credit Department and VP of Loss Mitigation to develop and implement strategies for loans moved into the Loss Mitigation Department. Responsible for managing an assigned portfolio of problem/troubled loans and takes all appropriate and necessary action to preserve the loan principal, gather as much interest as possible and avoid a charge off. This position may be involved with bank-owned real estate administration.

DUTIES
  • Reviews reports of past due commercial and residential accounts.
  • Contacts debtors via phone, letters and personal visits, and documents all contact made with debtor.
  • Advises original lender of collection activities, should "problem" exist.
  • Writes Demand Letters with supervisor's approval.
  • Updates past due loans for the board report.
  • Attends all past due meetings by phone or in person.
  • Develops complete written workout plans with assistance from applicable lender.
  • Reviews such plans in the past due meetings.
  • Provides complete and accurate plans and updates on various loans on the watch list and OREO reports; and works directly with the person responsible for preparing these reports.
  • Maintains and protects confidentiality of customer information.
  • Maintains regular, on-time attendance.
  • Remains current in assigned training and continuing education for designation retention (online, video, in-house emails, telephone seminars, etc.)
  • Complies with all regulatory requirements including Bank Secrecy Act and all others specific to their position.
  • Performs other various duties as assigned.
CONTACT WITH OTHERS - INTERNAL
  • Communicates on a regular basis with lenders.
  • Communicates frequently with other staff members, as needed.
CONTACT WITH OTHERS - EXTERNAL
  • Communicates on a regular basis with customers.


Requirements

SKILLS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Associates degree in a business-related field or equivalent work experience
  • Minimum two (2) years in commercial loans/commercial workout experience or collections.
  • Organized, detail-oriented, and able to work as a member of the team and meet strict deadlines.
  • Passion for providing a stellar customer service experience to all customers (external and internal) and ability to instill this passion in others.
  • Excellent interpersonal skills (tactfulness, cooperation, courteousness and customer friendliness) are necessary to represent the bank in a positive manner.
  • Excellent written communication skills with demonstrated ability to write clearly, concisely and effectively, with attention to detail for visually appealing output and accurately proofreading publications.
  • Excellent verbal communication skills with the demonstrated ability to effectively present information to customers and management.
  • Strong administrative skills with effectiveness in developing tasks and managing resources/priorities to achieve targets/goals.
  • Strong accounting skills and computer skills with a proficiency in MS Word, Excel.
  • Positive and cooperative approach when working with others.
WORKING CONDITIONS

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the work environment will include:
  • Works in a normal office environment.
PHYSICAL REQUIREMENTS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to:
  • Communicate effectively, both verbally and in writing.
  • Keyboard information (computer and calculator).

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