Commercial Asset Recovery Manager
Employment type
Full-time
Work setting
On-site
Location
Charlestown, IN
Schedule
Day shift
Posted
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Job overview
The Commercial Asset Recovery Manager role is onsite at the Charlestown or Sellersburg, Indiana branch. Compensation is not specified. New Washington State Bank is adding this position to its team to manage high-risk, non-performing commercial loans and limit financial losses.
What you'll do
- Evaluate distressed accounts and borrower repayment capacity, review financial metrics and market valuations, develop loan restructuring milestones, and draft loan modifications. Coordinate with legal counsel on compliant recovery paths, legal remedies, settlements, foreclosures, and asset liquidations
- develop loss-mitigation plans and report loss exposure to leadership.
What we're looking for
- Skills & competencies
- commercial asset recoveryloan restructuringcommercial lendingcredit analysisdebt recoveryrisk evaluationloss mitigationbanking regulationscharlestown insellersburg innew washington state bank
- Work arrangement
- Weekend coverage required
Benefits & perks
- Health, vision, and dental insurance
- 401(k) and 401(k) matching.
Why this role
The posting requires 5+ years of commercial lending experience and a bachelor’s degree in finance, business, or accounting, or equivalent.
About the employer
New Washington State Bank is hiring for this role. Industry: Commercial Banking. Sector: 52.
Additional details
- Industry sector
- 52
- Industry
- Commercial Banking
- Occupation code
- 13-2072.00
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Listing ID: 3bf93229-7511-436e-ba7c-cdad8092ffc3