POSITION OVERVIEW The Director of Portfolio Management will oversee the responsibilities assigned to the Servicing and Collections team.
The Director is responsible for ensuring the Servicing and Liquidation of the portfolio is adhered to per Lendistry Policy and Procedures.
GENERAL RESPONSIBILITIES Portfolio Management
· Administer a portfolio of problem and non-performing loans, and provide guidance to the Collections team, which includes at a minimum workout strategy, problem loan restructuring, OREO management.
· Administer ongoing performance of the loans being paid under forbearances, settlements, modifications, including bankruptcy proceedings
· Administer all stages of the foreclosure process.
· Maintain relationship and be the primary contact for internal and external legal counsel, trustees, foreclosure personnel, and other internal or outside professionals, as required.
· Review, for executive approval, charge-off requests after all collection options have been exhausted.
· Manage OREO operations for the company.
· Responsible for the disposition of foreclosed properties and repossessed assets
· Ensures the ongoing review of the Company’s loan portfolio.
· Ensures team is monitoring all loan products appropriately.
· Other Duties as assigned Education and Experience Bachelor’s degree in business administration, accounting, finance or related field.
A minimum 7 years of experience in troubled loans workouts and collecting in a commercial bank or equivalent environment.
Demonstrated history of successful problem asset resolution and risk management.
developing an appropriate strategy and action plan, as well as implementing it in order to resolve the problem loan and reduce the company’s 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, file wrap-up, 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, PROFICIENCIES 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.
Must possess strong computer skills including Excel.
Excellent written and verbal communication and time management skills.
Physical activities required to perform essential functions Sitting/Standing/Walking : Approximately 95% of time is spent working at a desk.
Balance of time (approximately 5) is spent moving around work areas.
Speaking/Hearing : Clear diction and acute hearing are necessary for effective communication with co-workers, customers, and outside agencies, by telephone and in person.
Vision : Ability to effectively use the computer screen and interpret printed materials, memos and other appropriate paperwork.
Lifting/Carrying : The ability to transport files and office supplies.
Stooping/Kneeling : The ability to stoop and kneel is necessary for accessing files/stocking supplies.
Reaching/Handling : Good manual dexterity is necessary for computer keyboard use and for retrieving and working with appropriate paperwork, equipment, and supplies B.S.D.
Capital, Inc.
dba Lendistry is an equal employment opportunity employer committed to providing its employees, applicants and other covered persons with equal opportunities without regard to race, color, age (40 or older), religious creed (including religious belief, practice or dress and grooming practices), national origin, ancestry, physical disability, mental disability, medical condition, genetic information, marital status, sex, gender (including pregnancy, childbirth or medical condition related to pregnancy or childbirth), gender expression, gender identity, sexual orientation, military or veteran status (including past, current or prospective service), or any other characteristic protected under applicable federal, state or local law.