Head of Small Business Default Solutions

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.Need Help?If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).Regular or Temporary:RegularLanguage Fluency: English (Required)Work Shift:1st shift (United States of America)Please review the following job description:Provide leadership in the resolution of Small Business Banking problem loan relationships. Maximize the Bank's return and minimize losses on criticized business lending relationships in accordance with the Bank's short and long term strategic goals.ESSENTIAL DUTIES AND RESPONSIBILITIESFollowing is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Provide leadership and coaching to Asset Managers, Administrative Support, and Team Leaders in all facets of their duties, such as management of past dues, maturities, and development and implementation of resolution strategies for criticized Business Lending relationships within the Bank. 2. Direct the negotiation of effective problem loan resolution plans with borrowers that comply with Bank policy on accrual and carrying value and regulatory guidance that may incorporate complex credit analysis and specialized negotiating skills to prevent or mitigate loss to the Bank for criticized Business Lending relationships3. Responsible for ensuring that all risk ratings, accrual status and asset carrying values are appropriate for all areas under management4. Partner with CSBB and CLU leadership to ensure the timely recognition of problem lending relationships and their orderly transition to SSDS.5. Provide broad companywide leadership and intradepartmental influence in developing, implementing or enhancing policies and procedures impacting management of all the Bank's criticized Business Lending relationships. 6. Provide monthly specific forecasting for non-performing assets, losses, and OREO transfers for areas under management7. Oversee the liquidation and guarantee purchase of SBA problem relationships. Oversee reporting for loans in liquidation to the SBA and Treasury.QUALIFICATIONSRequired Qualifications:The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.1. Bachelor's degree in business, finance, banking or relevant field. 2. A minimum of 15 years of experience in commercial lending or equivalent experience, with at least 10 years of problem loan resolution, including foreclosed properties, bankruptcies and business loan recoveries, or other comparable credit experience.3. A minimum of 10 years of management experience, with emphasis on problem loan resolution.4. Superior negotiating, interpersonal, independent decision making, oral and written communication skills.5. Superior process improvement skills.6. Overall sound judgment with ability to function at a high level in a dynamic and at times highly adversarial environment.7. Demonstrated ability to coach and lead. 8. Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.Preferred Qualifications:1. MBA or graduate of a major banking school2. 15 years of experience in small business/commercial lending 3. 10 years of experience in problem loan resolutionGeneral Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.EEO is the LawE-VerifyIER Right to WorkJob SummaryJob number: R0117315Profession: Professional, Administrative and Operations Support