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Byline Bank · 1 month ago

Special Asset Group Sr. Manager (Hybrid)

Chicago, IL

Full-time

Hybrid

Senior Level, Lead/Staff

$118K/yr - $150K/yr

10+ years exp

Byline Bank is a full-service commercial bank headquartered in Chicago, focusing on serving small- and medium-sized businesses. The Special Asset Group Sr. Manager is responsible for overseeing and resolving distressed loans to minimize losses for the bank.

Asset ManagementBankingCommunitiesCredit CardsFinanceFinancial ServicesFinTechLendingWealth Management

Responsibilities

Oversees and resolves a portfolio of distressed loans

Designs and implements customized approaches for each loan relationship to maximize recoveries and minimize losses

Responds timely, creatively, and effectively to changing and challenging dynamics as situations unfold, including bankruptcies, litigation, and uncovering new information that may reshape original strategies

Communicates directly, and directs communications with: customers, including delivering difficult messages; Bank employees at all levels and within all departments of the organization; and third parties

Assesses collectability of indebtedness via collateral (including real estate, business assets, et. al.) and guarantees through site inspection and review of appraisals, evaluations, BPOs, field exams, tax returns, operating statements, personal financial statements, credit reports, and asset searches

Recommends appropriate outside counsel, at the appropriate time, for workouts and effectively manages outside counsel’s efforts on the Bank’s behalf

For real estate loans, ensures appropriate property level due diligence including assessing market, physical and environmental condition as well as liens and building code violations

Understands the Bank’s loan risk rating system; appropriately and timely recommends risk rating upgrades and downgrades as needed

Collaborates as part of a team with line officers on SAG “consults” and with others in the SAG and Credit Departments

Presents clear and concise credit approval requests (with credit analyst and junior officer assistance)

Maintains well documented credit files (with credit analyst and administrative support)

All other duties as assigned

Qualification

Financial services experiencePortfolio managementNegotiation skillsProject managementCommunication skillsOrganizational skillsStrategic thinkingTeam collaborationMentoringTime management

Required

Bachelor's degree; major in economics, business, or related field

10+ years of related financial services industry experience including origination and workout experience with C&I and commercial real estate loans ranging from $100,000 to more than $10 million

Think strategically with the ability to: identify, understand and define problems; evaluate alternatives; set priorities, and implement high quality solutions that support the overall goals of the Bank

Possess ability to work collaboratively with a variety of stakeholders at all levels

Take initiative

Have strong organizational, project management, time management, and planning skills with the ability to directly manage multiple projects and priorities depending on organizational needs and strategies

Possess strong communication skills both verbally and in writing

Demonstrate proficiency in portfolio management and monitoring, negotiating, and litigation management

Strong negotiation, interpersonal, project management, and legal/collection skills

Develop junior staff via training/mentoring. Prior managerial experience a plus