Asset Recovery Officer

The Asset Receovery Officer III supervises the collection of all past due residential, consumer and small business banking loans and of overdrafts >$1,000. Initiates and processes residential loan Foreclosures insuring adherence to Bank Policies and Procedures and Regulatory Guidelines. Works independently with minimal supervision.

Principal Duties & 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.

• 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
• Paralegal certification preferred.

• Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities.
• Please view Equal Employment Opportunity Posters provided by OFCCP here.
• The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
• Reasonable accommodation may be made to assist individuals with disabilities to complete the online application process. Please contact our Human Resources Department at 305-577-7680 or by e-mail at employment@citynational.com.