Financial Recovery Representative II – Default Services
Job in
St. Louis, Saint Louis, St. Louis city, Missouri, 63105, USA
Listed on 2026-07-13
Listing for:
Jobtailor
Full Time
position Listed on 2026-07-13
Job specializations:
-
Finance & Banking
Risk Manager/Analyst, Regulatory Compliance Specialist, Financial Compliance
Job Description & How to Apply Below
Responsibilities
- Manage a portfolio of substandard Business Banking loans
- Work with customers, attorneys and liquidators to gently exit borrowers unable to maintain their relationship with HNB
- Develop a litigation and or liquidation strategy on classified loans up to $500M to minimize losses
- Present a summary of action plans to resolve the problem loans to FRG senior management
- Analyze financial plans, negotiate loan collection or restructuring, and recommend/oversee litigation, liquidation to reduce exposure
- Identify appropriate risk ratings, accrual status and losses
- Address workout scenarios, communicate data driven results to upper management
- Adhere to bank policies and procedures and comply with legal and regulatory requirements
- Accountable for risk management, compliance and audit performance
- Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements
- Maintain current knowledge of risk-related changes that may impact assigned areas of responsibility
- HS or GED
- 3 or more years of experience in commercial/business banking underwriting, lending, credit and/or appraisal required
- Bachelor's Degree in Business, Finance, or Accounting (preferred)
- Excellent written and verbal communication skills
- Strong goal achievement orientation
- Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients
- Ability to work independently in a deadline driven and goal-oriented team environment
- Basic working knowledge of PC applications
- Knowledge of bankruptcy laws
- Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations
- Experience with Real Estate Foreclosure process
- Previous experience with AFS / Velocity / RETS / CARS
- Strong working knowledge of SBA loans and the associated workout process to ensure compliance with SBA Standard Operating Procedures
- Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies
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