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Solvay Bank · 3 days ago

AVP, Loss Mitigation Manager

Main, Syracuse, NY, US

Full-time

Onsite

Mid Level

$67K/yr - $101K/yr

4+ years exp

Solvay Bank is a growth-oriented community bank with over 100 years of dedication to customers and the community. The AVP, Loss Mitigation Manager supervises the activities of Collection Specialists to collect past due payments for various loans and is responsible for managing adversely graded small business commercial loans.

AssociationBankingCommunitiesFinancial ServicesInsurance

Responsibilities

Reviews delinquent account records to identify customers to be contacted for collection of past due accounts

Prioritizes collection workload according to degree and amount of delinquency and assigns accounts to Collections Specialists

Authorizes accounts for repossession and legal actions against debtors

Collaborates with small business borrowers to manage past due payments and to collect outstanding credit

Maintains accurate and complete records on past due accounts and collections actions; prepares periodic reports regarding same

Develops and recommends collection strategies; ensures that collection actions are appropriate and timely, and that established policies and procedures are observed

Assists Collections Specialists with collection activities in difficult cases

Works closely with officials to secure collateral, equity, or other assets of the borrower, with the objectives to preserve the loan principal, gather interest as possible, and prevent the loan from being charged off

Evaluates credit and repayment terms for restructure

Performs other tasks as requested as they relate to the bank and its functions

Adheres to bank policies and procedures

Qualification

Consumer loan regulationsCommercial loan regulationsCollections experienceMS Office skillsEffective communicationOrganizational skillsTeam playerDetail orientedSelf-motivated