Jobs
>
Bethpage

    Sr Commercial Workout Officer - Bethpage, United States - Bethpage

    Bethpage
    Bethpage Bethpage, United States

    5 days ago

    Default job background
    Description
    Bethpage has a commitment to excellence and the highest standards of member service.

    Our values and behaviors are critical to the success and growth of the business and they were all created with a unique cultural foundation.

    To review our values and behaviors, please visit The Brand is YouResponsibilities Include:
    (Please summarize the 4-8 main responsibilities/accountabilities of the position. List responsibilities in the order of importance and time spent.)Effectively manages an assigned portfolio of distressed commercial real estate loans (CRE) and Commercial and Industrial loans (C&I). For each assigned loan has a comprehensive understanding of the reasons the loan was transferred to workout which may include but not limited to payment default and covenant violations.
    Conducts a comprehensive review of the internal credit file and loan documentation to understand all legal rights and remedies. Coordinates with legal counsel to draft and issue appropriate and timely notices as warranted. Attempts to establish contact with borrower and to obtain all updated financials.

    Coordinates with third parties to obtain all appropriate due diligence items which may include but not limited to updated appraisal, property inspection, and engineer reports.

    Timely prepares the initial and quarterly criticized asset memorandum which includes detailed financial analysis outlining the borrower and guarantors' financial capacity, assessment of the collateral condition, market, and value, assessment of the current risk rating and reserve, and outlines the recommended remediation strategy which may include but not limited to a modification, note sale, or foreclosure including an action plan with the intent to mitigate losses and maximize recoveries.

    The recommended remediation strategies will be presented and recommended to Asset Quality Committee (AQC) for approval.

    Manages the enforcement of the credit unions rights and remedies with respect to borrower and personal guarantors if negotiated and approved modification plan proves not feasible and/or further defaults ensue.

    Required to work closely with external counsel, court appointed receivers and others in enforcement proceedings to mitigate losses and maximize recoveries.

    Manages real estate owned (REO) within assigned portfolio coordinating with external vendors such as property managers, leasing agents and listing brokers in order to maximize recoveries upon disposition of the asset.

    On a monthly basis, reconciles vendor and property management reports analyzing the rent roll, preparing income statement and balance sheet spreads, and creating budget and proforma cashflow analysis.

    Required to work closely and timely with participants on all remedial strategies while adhering to the master loan participation agreement.

    Provide documented monthly status updates to participants and schedule status update calls with participants when warranted.
    Coordinate with commercial loan servicing, accounting and participants with regards to monthly billings and invoices for services rendered.

    Responsible for preparing and generating accurate updates for weekly delinquency report, monthly pipeline report, and quarterly Asset Quality Committee (AQC) / Board report.

    Responsible for maintaining organized and up to date credit file for all loans assigned which includes the receipt of all updated financials, searches, legal documents, approvals, and all communications with borrowers, attorneys, participants, and vendors.

    Responsible for mentoring and coaching work of junior level workout analysts.
    Grade 21; Exempt, Salary range $111, $139,881.00#J-18808-Ljbffr
  • Bethpage

    Sr Commercial Workout Officer

    1 week ago

    Bethpage Bethpage, United States

    Bethpage has a commitment to excellence and the highest standards of member service. Our values and behaviors are critical to the success and growth of the business and they were all created with a unique cultural foundation. To review our values and behaviors, please visit · Th ...

  • Bethpage FCU

    Sr Commercial Workout Officer

    1 week ago

    Bethpage FCU Bethpage, United States

    · Bethpage has a commitment to excellence and the highest standards of member service. Our values and behaviors are critical to the success and growth of the business and they were all created with a unique cultural foundation. To review our values and behaviors, please visit · ...

  • Deutsche Bank

    Workout Credit Officer

    1 week ago

    Deutsche Bank New York, United States

    Workout Credit Officer - Vice President · Job ID:R Full/Part-Time: Full-time Regular/Temporary: Regular Listed: Location: New York ...

  • Page Executive

    Executive Director, Workout Credit Officer

    6 days ago

    Page Executive New York, United States

    Competitive PackageBased in New YorkAbout Our ClientA global leader in financial servicesJob DescriptionJob Responsibilities:Responsible for managing a portfolio of troubled and distressed loans.Maintenance adherence to Bank policiesAnalyze transactions, mostly leverage space, am ...

  • Page Executive

    Executive Director, Workout Credit Officer

    1 week ago

    Page Executive New York, United States

    Competitive PackageBased in New YorkAbout Our ClientA global leader in financial servicesJob DescriptionJob Responsibilities:Responsible for managing a portfolio of troubled and distressed loans.Maintenance adherence to Bank policiesAnalyze transactions, mostly leverage space, am ...

  • Cullen and Dykman LLP

    Paralegal - Foreclosure

    6 days ago

    Cullen and Dykman LLP Uniondale, United States

    Cullen and Dykman LLP is a full-service law firm that has been serving clients since 1850. We are seeking a Commercial Foreclosure Paralegal with 4+ years of experience working closely with attorneys representing lenders. This in-person position is based in our Uniondale, Long Is ...

  • beBee Handyman

    Personal Training Plan with the goal of increasing endurance

    2 days ago

    beBee Handyman North Merrick, NY, United States Freelance

    I am looking for a personal trainer in North Merrick, NY to help me improve my running endurance for an upcoming course navette. I need someone to plan my running workouts. Currently, I train at the gym 5 days a week and run 3 days a week, but my running level is very low (I can ...

  • Sumitomo Mitsui Banking Corporation

    Corporate Credit Recovery

    4 days ago

    Sumitomo Mitsui Banking Corporation New York, United States

    SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 ...

  • [solidcore]

    Head Coach

    5 days ago

    [solidcore] Manhattan, United States

    [solidcore] is looking for a Head Coach who is passionate about sharing the [solidcore] brand and workout. Reporting to the Area Manager, the Head Coach is responsible for various tasks that will not only support the Studio and its success, but also support [solidcore] as a compa ...

  • Barry's

    Facilities Team Member

    13 hours ago

    Barry's Scarsdale, United States

    Our Facilities Team is essential to the operation of our fitness studio - they keep our equipment and studio clean and inviting for guests, make sure everything is in operating order, and provide excellent customer service. We are looking for passionate, hard-working, reliable, a ...

  • UFC GYM

    Mixed Martial Arts Coach

    2 days ago

    UFC GYM Plantation, United States

    **Benefits**: · - Employee discounts · - Flexible schedule · - Opportunity for advancement · - Training & development · At UFC Gym, MMA Coach is responsible for ensuring a positive customer experience. Coaches are responsible for delivering great member service, Private Training ...

  • Pumpkin

    Lead Recruiter

    6 days ago

    Pumpkin New York, United States

    Pumpkin promises uncompromising care to the cats & dogs we love unconditionally. By helping prevent future health risks and ensuring access to gold-standard veterinary medicine and individualized support when it matters most-we aim to enable $1/2B in life-extending and life-savin ...

  • Sportime Clubs, LLC

    Human Resources Assistant

    3 days ago

    Sportime Clubs, LLC Kings Park, United States

    Since 1994, SPORTIME has been proud to operate the finest tennis and sports facilities in New York State. SPORTIME has 15 facility locations, most recently adding the iconic Port Washington Tennis Academy, now SPORTIME Port Washington, the largest indoor racket sports facility on ...

  • TD Bank

    Ccg Team Leader

    6 days ago

    TD Bank New York, United States

    **Work Location**: · New York, New York · **Hours**: · 40 · **Pay Details**: · $141,960. - $230,800. USD · **Line of Business**: · Personal & Commercial Banking · The CCG Team Leader supervises and leads regional CCG staff, assigning, prioritizing and monitoring work. Invests Com ...

  • Flagstar Bank

    Asset Manager

    1 day ago

    Flagstar Bank Hicksville, United States

    An Asset Manager II, works under limited supervision and is responsible for managing and monitoring a portfolio of moderately complex M/F, CRE & ADC loans, etc. This may include participated loans, loans that display credit weakness and other loan credit issues requiring special ...

  • Flagstar Bank

    Asset Manager

    1 week ago

    Flagstar Bank Hicksville, United States

    Position Title · Asset Manager · Location · NYCB Plaza -102 (Hicksville, NY) · Job Summary · An Asset Manager II, works under limited supervision and is responsible for managing and monitoring a portfolio of moderately complex M/F, CRE & ADC loans, etc. This may include part ...

  • Distinct

    Tax Manager

    1 day ago

    Distinct Melville, United States

    *Tax Manager (Commercial) * · *Long Island, NY * · *$140k - $160k* · Working at this top 10 accounting firms in the world will change your perception of working in public accounting. · If youve been working 80, 90 hour weeks in the big4, youll welcome this breath of fresh air ...

  • Crown Castle

    Fiber Sales Director

    1 week ago

    Crown Castle Melville, United States

    Position Title:?Fiber Sales Director - Managed Solutions (M3) · Company Summary: · Crown Castle is the nation's largest provider of shared communications infrastructure: towers, small cells and fiber. It all works together to meet unprecedented demand-connecting people and commun ...

  • Chartwell Hospitality

    Front Desk Supervisor Courtyard by Marriott Westbury Long Island Westbury

    5 days ago

    Chartwell Hospitality Westbury, United States

    ** Front Desk Supervisor** · 1800 Privado Road · Westbury , NY 11590 · Telephone · Website · Managed by · **Current Job Openings** · ** Courtyard by Marriott Westbury Long IslandWestbury, NY** · Posted February 22, 2022 · ** Front Desk Supervisor** · Share: Email · As ...

  • The Community Preservation Corporation

    avp, loan workout specialist

    1 week ago

    The Community Preservation Corporation NY, NY, United States

    About Us: · The Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhood revitalization through our lending and partnerships. A nationally recogniz ...