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Banking - Special Assets/Workout Officer

Job Snapshot
Location:
Clover, SC 29710 (map it!Map it! )
Employee Type:
Contractor
Industry:
Banking - Financial Services
Other Great Industries
Legal
Manages Others:
No
Job Type:
Banking
Other
Executive
Finance
Legal
Education:
4 Year Degree
Experience:
Not Specified
Post Date:
10/27/2009
Contact Information
Contact:
Shane Phillips
Ref ID:
102709
Fax:
770-887-5007     instantly fax your resume >>
Description

SPECIAL ASSETS MANAGER - CONTRACT POSITION


Local Community Bank is seeking a highly skilled and experienced Special Assets/Workout Officer to manage and liquidate a portfolio of problem loans.  These loans consist primarily of residential developer and builder loans and commercial real estate, and range in size from $500K to $2mil.

Specific requirements include:

--  ability and willingness to work as a fulltime, contract empoyee; per diem allowance will be available
--  7+ years of workout, foreclosure and liquidation of OREO experience
--  Strong commercial credit; financial/analytical, & collateral/assessment capabilities
--  Knowledge of bankruptcy law and issues, related party(owners/guarantors), & related compliance issues
--  Ability to convey, pursue and protect bank's interests in a professional manner
--  Select and direct outside counsel
--  Adhere to bank's credit policies, maintain required documents; clear exceptions, monitor covenant compliance, recommend risk rating changes, loan loss recognition and accrual status

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