Loan Collections Group Manager - 2 - (US-WI-Milwaukee - 53295)

Compensation: $130K - $150K / Year
Minimum Education: Bachelors
Job Type: Full Time
Email this job to yourself or to a friend | Job Match Test | Resume Guide

Our client, a Mega regional banking institution is hiring because they CAN!! They are a well renounded and prestigious bank. They are well capitalized. They need a
Task Master to direct, develop and manage collections and workout in OREO. They are well positioned, have strong capital and a great reputation.

Title:
Loan Collections Group Mgr. OREO



RESPONSIBILITIES:
* Directs all collection policies and procedures for the corporation and its operating subsidiaries.
* Directs the workout of credit-impaired transactions for recovery amounts due the company.
* Establishes guidelines and models to monitor cumulative credit exposure, including the centralized reporting of credit exposures, credit-impaired transactions (watch list/TID); and periodic portfolio reviews.
* Assists in the design and implementation of collection policies and procedures to control potential losses from credit exposure and maximize cash flow.
* Develops and maintains a system for cash flow reporting.
* .Evaluates methodologies and data used by lines of business to assess credit-worthiness of producers and other debtors and make recommendations for policy revisions where appropriate.
* Ensures compliance to all federal and state Fair Debt and Collection laws.
* Manages Collections division supervisory staff, which ensures completion of performance appraisals, personnel selections, approval of salary actions, transfers, disciplinary action and employee terminations.
* Directs the development of credit policies and standards and serve as consultant to lines of business in credit and collection-related business decisions.
* For the most complex transactions, determines most appropriate collection strategy considering size, age and type of account; manages usage of outside collection agencies and attorneys to control expense and collection costs; determines to what extent litigation proceedings should be utilized; negotiates settlements where appropriate.
* Administers systems for monitoring receivables on a corporate basis; setting reserves for bad debt; reporting of credit losses; and reporting cash flows on a corporate and divisional basis.

* Makes recommendations to senior management on industry trends, receivable issues, and credit issues and performance.

* Develop annual department budgets and service charge-out methodology.

BASIC QUALIFICATIONS:
Bachelor's degree
15 or more years professional work experience in related field
MUST HAVE EXPERIENCE IN OREO,CREDIT AND COLLECTIONS!!

To apply to this position please do not use the "Click here to Apply Online" link on this page. Please go directly to www.Diversity-Jobs.com, search for the position title and then apply on the job posting.

http://www.diversity-jobs.com/search_jobs/