Develop collection strategies and action plans for problematic loans.
Prepare detailed analysis and provide recommendations of the collection and action plans.
Negotiate with borrowers, attorneys, and companies to review and re-structure credit and repayment terms.
Implement recovery plans that minimize risk and loss to the bank.
Provide timely and accurate reporting to Special Assets Manager.
Interact with the spectrum of commercial bank customers experience financial distress; displaying tact and persuasiveness.
Interact frequently with lawyers and other outside professionals, both those retained by the Bank and those representing our debtors, setting and pursing the Bank's agenda.
Seek to minimize out-of-pocket legal and non-legal expenses from debtors whenever possible; maximizes loan recoveries and fee income.
Ensure BSA Compliance.
WHAT YOU'LL BRING
Strong oral and written communication skills
Commercial, real estate, and consumer lending; particularly credit structure and loan policy
Complex credits and strong knowledge of collateral valuation/liquidation
Regulatory agencies, third party loan review, and internal/external auditors
Legal/regulatory requirements pertaining to banking and collections
Regulatory guidelines regarding appraisal/re-appraisal and all other regulatory policies affecting classified/criticized assets
Strong negotiation skills
Analyze credit and develop and negotiate repayment terms with companies and high net worth individuals
Work independently and prioritize daily workflow
Analyze and solve problems for which there are not precedents
Maintain visual attention and mental concentration for extended periods of time
Perform duties and make decisions under frequent time pressures
EDUCATION AND TRAINING
Requires Bachelor's degree in Accounting or Finance or equivalent experience.
Requires formal credit training.
Requires 3+ years of direct special assets experience.
Pursuant to the Secure and Fair Enforcement for Mortgage Licensing Act ("SAFE Act"), all associates (if lending) are required to maintain current registration with the Nationwide Mortgage Licensing System & Registry ("NMLS"). If such registration is not active as of the hire date, the associate must immediately attain active registration upon employment. Personal Bankers who fail to maintain an active and current registration will be unable to lend and may be subject to disciplinary action, up to and including termination of employment.
Requires knowledge of Microsoft Office.
STANDARDS OF PERFORMANCE
Customer Service - Adheres to The Busey Promise service standards in order to anticipate and exceed the needs of our customers, both internal and external.
Functional Knowledge and Technical Skills - Skilled in job-specific knowledge that is necessary to provide the appropriate quantity and quality of work in a timely and efficient manner.
Accountability - Work behaviors demonstrate responsible personal and professional conduct, which contributes to the overall goals and objectives of Busey.
Interpersonal Relations (Teamwork) - Interacts effectively with others to establish and maintain smooth working relations.
Attention to Detail - Working in a conscientious, consistent, and thorough manner.
Analytical Thinking - Analyzing and synthesizing information to understand issues, identify options, and support sound decision making.
Written Communication - Communicating ideas and information in writing to ensure that information and messages are understood and have the desired impact.
Oral Communication - Communicating ideas and information verbally to ensure that information and messages are understood and have the desired impact.
Duties are performed in an office setting and include physical demands such as the manual dexterity and skill to operate standard office equipment. Reasonable accommodations may be made to enable people with disabilities to perform the essential functions of this position.
The above statements are intended to describe the general nature of work being performed by people assigned to this job. They are not intended to be considered an exhaustive list of all responsibilities, duties, and skills of the people so classified.
Busey believes that diversity and inclusion among our teammates is critical to our success as a company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.
Equal Opportunity Employment is a priority for Busey and all qualified applicants will receive consideration regardless of race, color, religion, national origin, genetic information, sex (including pregnancy), age, sexual orientation, gender (including gender identity and expression), marital status, military status, veterans status, citizenship status, work authorization status, work disability, order of protection or any other characteristic protected by applicable law or other non-merit based factors.
As of June 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.61 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.66 billion as of June 30, 2019, is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $7.47 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. ...Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.95 billion as of June 30, 2019, is headquartered in Edwardsville, Illinois and has 19 banking centers. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of June 30, 2019, assets under care were approximately $1.50 billion.
For more information about us, visit busey.com and 4thebank.com.