SVP, Managed Assets

Experienced Leader For Managed Assets Group

We are seeking an experienced leader to oversee the Managed Assets Group within a banking environment with offices in MA & NH. This position requires a strategic thinker skilled in problem loan resolution, borrower engagement, and team leadership. You will play a vital role in guiding the bank's recovery efforts, ensuring compliance, and driving results through collaboration and expertise.

• Direct all aspects of collections, account workouts, litigation, and management of challenging borrower situations to ensure effective resolution strategies.
• Conduct detailed financial and cash flow analyses to identify viable solutions for borrowers and problem loans.
• Manage reporting functions, including the Bank's Watch List, Criticized Asset Reports, and Delinquency Reports, while chairing the Troubled Asset Review Committee.
• Represent the organization at foreclosure auctions and oversee property management post-foreclosure.
• Address and resolve account and collateral issues across diverse loan portfolios.
• Provide training and mentorship to lenders, management, and entry-level staff to enhance organizational expertise in workout disciplines.
• Lead recovery activities independently and collaborate with collections specialists and line officers to achieve optimal outcomes.
• Develop and implement innovative strategies to mitigate losses and improve loan performance.
• Serve as a trusted advisor to the organization, offering insights and recommendations on challenging borrower situations and recovery processes.
• Ensure regulatory compliance and maintain high standards of operational excellence.