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SBA Workout & Liquidation Specialist at Synovus Financial Corp. in Cumming, Georgia

Posted in Other 30+ days ago.

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Type: Full Time

Job Description:

Job Summary:
Responsible for the effective management of a loan portfolio of defaulted commercial/SBA relationships. Ensures the implementation of a timely workout, repossession or legal action required to secure the Bank's collateral and reduce risk of loss. Ensures policies, procedures, and oversight of the SBA loan portfolio is adhered to in accordance with the standard operating procedures provided by the SBA. Prepares and presents asset status reports for the SBA, senior management and other areas as required. Assists State and Federal bank examiners, internal auditors and external loan review auditors on a periodic basis.

Job Duties and Responsibilities:

Ensures compliance of policies and procedures provided by the SBA are strictly adhered to. This includes, but is not limited to, facilitating the purchase of the guaranteed portion off of the secondary market, preparing guarantee packages, preparing Wrap Up reports, ensuring site visits are performed timely, monitoring and oversight of the liquidation portfolio, input of data into ETRAN, and monthly and quarterly reporting requirements.

Collects, prepares, and analyzes business and personal financial statements to administer a turnaround solution or exit strategy of moderately complex credit relationships. This includes the assessment of repayment ability, the decision to restructure a loan, or liquidation of the collateral to offset losses. Assesses the credit quality of a relationship to determine the overall performance and associated risk and make recommendations for grading, accrual status, or loss recognition.

Establishes, structures, and negotiates workout solutions in accordance with the SBA and established company policies. Coordinates with tax, legal, audit, and credit/loan policy departments, as necessary, to ensure compliance of negotiated workout agreements.

Coordinates the enforcement of the Banks rights and remedies if negotiated workout plan proves impractical and/or further default ensues. Coordinates with counsel, loan recovery, turnaround professionals, court-appointed receivers and others in enforcement proceedings, seeking to maximize the recovery of nonperforming assets. Attends bank judicial proceedings as required. Coordinates and establishes liquidation value of bank collateral in conjunction with liquidators, appraisers and other professionals.

Manages and monitors past due loans. Manages and monitors non-performing assets to ensure timely liquidation or recognition of credit upgrades. Coordinates insurance coverage for collateral lacking proper insurance coverage. Orders and reviews appraisals of properties within loan portfolio. Coordinates payment of collection expenses and legal fees. Prepares and presents loan portfolio status updates and reports as required.

Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.

Performs other related duties as required.

The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

Synovus is an Equal Opportunity Employer supporting diversity in the workplace.
Minimum Education: Bachelor's degree in Business Administration, Finance, or a related field

Minimum Experience: 5 years of credit analysis, lending and loan workout experience, including 1 year of SBA workout

Required Knowledge, Skills, & Abilities:

Strong analytical, critical thinking and problem solving skills

Strong financial analysis skills

Formal credit training is preferred along with experience and training in SBA loan workout and liquidation

Strong negotiation skills and the ability to work effectively under adverse conditions

Strong presentation and communication skills to include both verbal and written skills

Highly proficient with the PC to include applications such as MS Excel, MS Word and MS Outlook

Highly motivated, self-driven individual who can think strategically, operate independently and take accountability for the function

Ability to motivate, influence and collaborate with others both internally and externally

Ability to multi-task in a fast paced environment and prioritize your focus on most impactful activities

Preferred Knowledge, Skills, & Abilities:

SBA Workout and Liquidation training and/or certifications