Job Information
Advia Credit Union Commercial Collections Officer in Kalamazoo, Michigan
Job Details Job Location Kalamazoo, MI
Position Type Full-Time Travel Percentage Up to 25%
Job Shift Weekdays and Saturdays
Job Category Commercial
Description
Employment Type:Full-Time, Hybrid #LI-HYBRID
What you should know about the role Under minimal supervision, manages commercial delinquent, watch and OREO portfolio along with evaluating loan terms and conditions. Acts as lead within a designated portfolio in negotiation of complex workout agreements with problem borrowers. Partners with legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses. Manages Commercial OREO properties from acquisition to disposition. Refers charged off accounts and monitors results with internal and external legal team and collection agencies. Conducts risk analysis and mitigation. Identifies delinquency and loss issues and trends and provides reporting to management. This position bolsters eff orts to meet the strategic goals of the credit union, including providing outstanding service to internal and external members as defined by living and demonstrating the core values of the credit union; Act with Integrity, Drive Progress, Build & Strengthen Relationships and Keep People at the Core.
What you should know about Advia Advia is a fast-growing Credit Union that is positioned in the top 3% of credit unions across the United States. We serve over 198,000 members and with assets near $3 Billion. We offer very similar product and services as the big banks with a focus on saving our members money while providing financial advantages. We are rooted in our communities and believe we have a responsibility to give back outside of our four branch walls through volunteering and charitable donations. The work environment at Advia is fast-paced, performance based and fun infused. We certainly live by the saying "work hard, play hard." As an employee of Advia, you can expect regular and constructive feedback, development opportunities, great benefits, excellent co-workers and engaged managers.
Major Duties and Responsibilities
Partners directly with commercial members and other relevant team members to develop appropriate work-out solutions to mitigate loss to the credit union, and when appropriate, directs liquidation of collateral and collection of amounts due through all available means. Evaluates and provides timely responses to member inquiries for loss mitigation relief options. Prepares and maintains required records and reports regarding loss mitigation activities to remain in compliance with internal controls and all relevant legal and regulatory requirements. Establish action plans with specific resolution target dates and promptly conveying recommendations on adjustments for risk ratings, loss recognitions or write off s and accrual status. Formulate and execute exit and retention strategy plans for commercial loans by recommending the best course of action.
Actively participate in evaluating all criticized and classified credits and approves action plans intended to remedy troubled credit situations. Work with Commercial Lenders to identify alternatives to resolve problem loan situations.
Collaborates with legal counsel to expeditiously resolve litigation while minimizing legal and collection expenses. Manages Commercial OREO properties from acquisition to disposition. Refers charged off accounts and monitors results with internal and external legal teams and collection agencies.
Facilitates monthly Watch Credit meeting to discuss delinquent, watch, charge off and loss trends with management. Performs appropriate commercial loan portfolio analysis to identify trends and recommends strategies to address negative trends and isolation of impacting and risk factors which have been identified. Proactively analyzes monthly losses, identifying and projecting subsequent month's