Special Assets Officer - Small Business Lending (R140268)
Acts as servicing officer for a portfolio of problem Small Business Banking ("SBB") loans less than $1mm. Performs the duties of a lending officer and has loan authority as designated by bank management. Administers and restructures problem SBB loans and deposit relationships with very periodic managerial supervision required to assure optimal levels of principal, interest and expense recovery. Evaluates customer relationships to determine whether an exit strategy or retention strategy is appropriate, and develops action plans to achieve selected strategy.
Responsible for managing and workout of a portfolio of SBB criticized loans < $1mm. Evaluates the financial information collected, collateral pledged, and assets of a customer and/or guarantor to determine the appropriate workout strategy that will allow for collection of the maximum amount over the shortest period of time for the bank while controlling expenses. Interacts with external customers on a regular basis.
Recommends compromises of all debts being settled to insure that optimal collections are obtained.
Daily control of overdrafts on deposit accounts related to portfolio. Performs daily administration of banking relationship and customer services issues.
Consults with inside/outside legal counsel regarding perfection of collateral as well as necessary legal actions and strategies to protect Bank's position. Negotiates loan and collateral documentation with third party counsel in conjunction with Lending Law. Analyzes third party legal documents and negotiates potential arrangements to determine an overall strategy to reduce the Bank’s loss exposure.
Documentation of status of relationship in compliance with existing policy.
Other duties as assigned by the Special Assets Section Manager.
At least 2 years experience in one of the following: Commercial lending or Small Business Lending
At least 2 years experience in credit analysis
At least 2 years experience in management of distressed loans
5 years in commercial or small business lending
2 years experience in litigation processes under county, state and Federal system
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.No agencies please. Capital One is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.
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