JOB SUMMARY:
This position is responsible for the loan workout function with focus on the commercial real estate loans. He/she will report to the head of risk management department and support the loan workout officer in the implementing the Branches’ loan workout policies and procedures:
Manage classified accounts and credit files;
Manage relationship with agent banks and other banks in the syndicate;
Monitor the development of the subject properties and others in the area;
Perform initial review of classified accounts;
Determine whether or not the classified accounts need to be restructured under the particular situation;
Devise action plans for classified accounts;
Manage and coordinate actions on Loan Workouts;
Propose renewal or extension for existing classified accounts;
Recommend further downgrading a classified account with sufficient loan loss reserve for the account being provided;
Prepare monthly “Watch List” report for classified accounts;
Develop and implement strategies and plans to recover charge-off loans;
Prepare a monthly progress report on charge-off loans recovery;
Arrange a Loan Workout committee meeting once a month or upon necessary with a minute being prepared afterward;
Coordinate with the Loan Administration Section regarding the LWO related transactions.
JOB REQUIREMENTS:
EDUCATION:
College graduate or equivalent experience or equivalent combination of education and experience.
EXPERIENCE:
Minimum of 10-15 years of experience in CRE lending or related areas;
Fluent in Chinese is a plus.
SPECIFICATIONS:
Excellent interpersonal skills;
Ability to respond to common inquiries or complaints from customers, regulatory agencies or members of business community;
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages;
Ability to define problems, collect data, and provide valid conclusions;
Ability to perform each essential duty satisfactorily;
Ability to organize and prioritize work and meet deadlines;
Ability to comply with all the related rules and regulations;
Ability to work under pressure;
Ability to work in a team environment with strong analytical, research, and organizational skills.
Hourly pay rate $65 to $75
- Estimated start time: ASAP
- Estimate project term: 12 months with potential to extend
- Temporary hybrid schedule. Work onsite 3 days per week, or as arranged by Supervisor
