City National Bank · 2 months ago
Asset Recovery Officer
US-FL-Miami
Full-time
Hybrid
Senior Level, Lead/Staff
8+ years expCity National Bank is seeking an Asset Recovery Officer to supervise the collection of past due loans and overdrafts. The role involves negotiating with debtors, implementing repayment plans, and overseeing the performance of collection staff to ensure adherence to bank policies and regulatory guidelines.
BankingFinanceFinancial Services
Responsibilities
Keeps track of all delinquencies in the designated portfolios, and oversees the daily production goals of the Collector(s)
Analyzes loans for the most effective method for maximizing financial recovery
Negotiates with debtors to secure appropriate workout arrangements
Implements repayment plans and monitors compliance with repayment terms
Inspects, evaluates, protects, and disposes of collateral
Recommends matters to be referred to legal counsel or repossession. Provides supporting documentation and information to initiate such action. Monitors litigation
Responds to and signs off on requests for production, interrogatories and affidavits
Supervises the Serviced by Others portfolio providing appropriate oversight over collections, foreclosures and the disposition of OREOs
Pursues post-judgment collection
Skip traces and researches courthouse records
Maintains department files and charge/off recovery records. Prepares all department reports
Maintains judgment records and rerecords judgments per Florida Statute
Under direction of Asset Recovery Manager, provides advice and assistance to lending personnel regarding expedient identification and evaluation of deteriorating loan situations in order to recognize problem loans early and minimize losses
Recommends loans for charge-off or non-accrual. Directs loan operations on processing payments
Supervises the preparation of the 1099 A and C IRS filings and insures accurate recordkeeping in order to remain compliance with IRS regulations
May supervise other Asset Recovery employees
Maintains the Online Collection System which tracks the activity in following up on delinquent debtors
Qualification
Required
8-10 years experience in collection of consumer and residential loans
Credit Analysis skills
Knowledge of loan accounting
Understanding of loan workout liquidation policies and procedures
Self-starter with good negotiation and communication skills both verbal and in writing
Thorough knowledge of loan documentation and other legal documents
Knowledge of legal and bankruptcy concepts required
Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail
Associate's Degree in Business, Finance, or related field
Bachelor's Degree in Business, Finance, or related field
Preferred
Paralegal certification preferred
Company
City National Bank
City National Bank offers a full complement of banking, trust and investment services. It is a sub-organization of City National.
1001-5000 employees
H1B Sponsorship
City National Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (76)
2024 (78)
2023 (145)
2022 (93)
2021 (107)
2020 (62)
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-01-13IPO
Leadership Team
Howard Hammond
CEO City National Bank
Fiyaz Khan
Senior Vice President, Structured Products
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