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Description

The Financial Recovery Rep- Senior develops resolution strategy on classified (substandard risk rated) loans to minimize losses on the Regional Banking or Commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrade or charge-off of a loan. Works with moderately large and complex loans. May coach less experienced employees.

Summary:

The Financial Recovery Rep- Senior develops resolution strategy on classified (substandard risk rated) loans to minimize losses on the Regional Banking or Commercial loan portfolio. Responsibilities include analyzing financial plans, negotiating loan collection, restructuring/rehabilitation or exit, and recommending/overseeing litigation, liquidation, upgrade or charge-off of a loan. Works with moderately large and complex loans. May coach less experienced employees.

Duties & Responsibilities:

• Develops resolution strategy on classified (substandard risk rated) loans to minimize losses on current loan portfolio.

• Analyzes financial plans, negotiates loan collection, restructuring/rehabilitation or exit, and recommends/oversees litigation, liquidation, upgrade or charge-off of loan.

• Protects the integrity of any applicable SBA or USDA guaranty while under FRG management by following all applicable SBA and USDA requirements.

• Responsible for loan management through the SBA lifecycle in accordance with bank policy and applicable SBA SOPs including verification of applicable collateral positions, loan documentation integrity, secondary market re-purchases, litigation plans and SBA final wrap-up.

• Works with business line loan officers to manage non-pass rated borrowing

Relationships.

• Adheres to bank policies and procedures and complies with legal and regulatory requirements.

• Accountable for risk management, compliance, and audit performance for

area(s) of responsibility whether a supervisor, manager, or individual contributor.

• Establishes or works with management to develop effective controls and processes to ensure risks are measured, monitored, and controlled and compliance requirements are adhered to on an on-going basis.

• If applicable, ensures staff is properly trained, provided with appropriate re­ sources, and motivated to adhere to risk management principles.

• Maintains current knowledge of risk-related changes that may impact assigned

area(s) of responsibility.

• Performs other duties as assigned,

Basic Qualifications:

• Bachelor's degree in business, finance or accounting or equivalent, relevant work experience

• A minimum of 3 years of experience in commercial/business banking underwriting, lending, or credit required

Preferred Qualifications:

• Category of One service to our clients is key in this position.

• Ability to work independently in a deadline driven and goal-oriented team environment.

• Working knowledge of SBA and USDA requirements.

• Ability to read and analyze financial statements.

• Basic understanding of loan documentation.

• Basic working knowledge of PC applications and Huntington systems.

#LI - ML1

#LI - Hybrid

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

Yes

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds: in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington is an Equal Opportunity Employer.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Note to Agency Recruiters: Huntington Bank will not pay a fee for any placement resulting from the receipt of an unsolicited resume. All unsolicited resumes sent to any Huntington Bank colleagues, directly or indirectly, will be considered Huntington Bank property. Recruiting agencies must have a valid, written and fully executed Master Service Agreement and Statement of Work for consideration.