Asset Manager
$85,000–$115,000 year
On-siteSite, Ituri, Democratic Republic of the Congo
Job Summary
Administer a portfolio of problem and non-performing loans by assessing borrower situations through discussions, business contacts, and file reviews. Develop and execute action plans to resolve defaults, including restructurings, forbearances, legal actions, settlements, foreclosures, and liquidations. Negotiate with borrowers and guarantors to minimize losses while preparing charge-off requests and default letters for management approval. Perform daily collection calls, skip tracing, and monitor bankruptcy proceedings, working with inside and outside counsel to enforce the company's interests. Manage OREO operations from valuation and impairment analysis through disposition strategies, including arranging auctions, negotiating sales terms, and coordinating closing activities. Prepare monthly status reports and ensure accurate internal reporting on collateral positions and loan portfolios.
Required Qualifications
- Bachelor's degree in business administration, accounting, finance or a related field
- Minimum 5 years of experience managing troubled commercial and/or SBA loan portfolios within a bank, CDFI, non-bank lender, or similar lending environment
- Demonstrated history of successful problem asset resolution and risk management, including developing and implementing strategies and action plans to resolve problem loans and reduce company risk
- Experience to include workouts and restructures, litigation including collection litigation, receiverships, bankruptcy, and judicial and non-judicial real estate foreclosures
- Experience in OREO management
- Experience in SBA workouts including a thorough understanding of SBA Standard Operating Procedures, completion of 10-Tab packages, file wrap-ups, preparing a Litigation Budget, and submitting Offer in Compromise
- Underwriting and management skills for varied loan types including commercial and industrial loans, real estate loans, lines of credit, SBA and ABL loans, secured and unsecured loans
- Familiarity with the legal issues involved with distressed loans such as bankruptcy actions, foreclosures, performance claims, and collateral collection remedies
- Strong negotiation, relationship management, analytical, organizational, and problem-solving skills
- Advanced proficiency in Excel and loan servicing systems
- Excellent written and verbal communication and time management skills
- Some travel may be required
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