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Company: Valley Bank
Location: Clifton, NJ
Career Level: Entry Level
Industries: Banking, Insurance, Financial Services

Description

Responsibilities include but are not limited to:

  • Restructure problem loans by implementing an amortization plan based on the borrower's realistic ability to repay.
  • Seek alternate means of loan repayment through the liquidation of collateral, when necessary, in an effort to protect the bank's interest.
  • Reduce the overall degree of risk associated with Special Asset credits.
  • Guide outside counsel in collection strategy in order to maximize recovery.
  • Analyze financial statements, loan documents, and collateral to ascertain best collection route.
  • Make recommendations to senior management as to risk ratings, accrual of interest and charge-offs.
  • Review, analyze and correct any structural or documentation deficiencies and monitor the Bank's collateral position or liquidation of the collateral.
  • Frequent interaction with senior management regarding the status of problem loans.


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