Special Assets/Portfolio Supervisor position (SBA 7a Loans)

Job Description

Job Description

Essential Functions and Purpose:

The Special Assets & Portfolio Supervisors is a key manager of portfolio management and SBA loan liquidation across the life of a SBA 7(a) loan. This position requires detailed knowledge of SBA industry liquidation, servicing and administration policies, procedures and compliance with a minimum of 5-7 years in SBA 7(a) loan servicing participated and liquidated loans. A detail-oriented and focused thinker with an initiative to find successful resolutions to loan portfolio and liquidation. This role is managing all aspects of fully disbursed SBA 7(a) loan default and liquidation.

Principal Responsibilities:

• Lead a team of Special Asset Officers and Portfolio Officers.

· Implement or assist in the development of timely workout action plans and effective follow up plans. 

· Evaluate and document bank collateral position, complete business survivability assessments, and recommend alternative work out solutions as needed.

· Manage the collection activities on assigned accounts including broken payment follow up with borrowers, fee waiver and presenting recommendation for resolutions to more senior workout officers.

· Direct legal actions, bankruptcy, foreclosure, and judgment processes, and repossession or replevin actions for the team's portfolio. Conduct and manage negotiations and meetings with attorneys and borrowers.

· Prepare complex analyses related to discounted cash flow and stabilization projections and sell recommendations for approval to senior or executive management.

· Analyze problem loans and make recommendations or approve actions to foreclose, repossess, or liquidate collateral when applicable.

· Facilitate meetings with borrowers, guarantors, business bankers, and attorneys to negotiate workout plans that will return loans to performing/pass status.

· Handle collections and charge-off accounts, assist lending officers on non-special asset accounts and prepare management reports as required.

· Maintain good working relationship with National Guaranty Purchase Center.

· Bankruptcy monitoring, tracking, trustee communications and proof of claim court submissions. Collaborates with outside counsel when necessary.

· Prepares and engages liquidation plan and vendors. Monitors liquidation process and maintains liquidation within 2 years or obtains SBA approval for extension of the two-year liquation rule.

· Maintain compliance with SBA SOP 50 57 Servicing and Liquidation.

· Communicate with borrowers to monitor loan risk ratings and recommend any necessary actions.

• Prepare post-closing memorandums. Notes all communications, including communication attempts in loan core system.

· Communicate with team members for any issues identified during annual review or post-closing processing.

· Monitors reports on customer communications, email bounce backs & other covenant tracking tools.

· Monitors status of customers covenants, including insurance coverage, financial statements, real estate property tax tracking, and follow up communications, including with agents, borrowers and guarantors through email, mail, and any contact phone numbers.

· Prepares monthly appropriate reports and participates in monthly Portfolio Management reviews.

· Performs all duties within the constraints of all applicable Federal, State, and local laws. Follow VelocitySBA and the U.S. Small Business Administration Policies and Procedures.

· Assist with preparation of portfolio excel reports, tables and pivots, power point presentations, Board presentations and other excel portfolio management tables/tools and reports.

· Ability to work with and operate in Spark and PCFS/Loan Manager platforms.

· Ability to work with cash flow spreading and basic credit analysis & assessments.

 

Required Qualifications:

• Minimum of 5-7years’ experience in SBA 7(a) lender, SBLC knowledge and experience preferred
• Working knowledge of the Fair Debt Collection Act, as well as state and federal laws concerning collection activities is required.

· Basic knowledge of financial analysis, bankruptcy, workout, UCC, litigation, foreclosure of personal and real property and disposition of collateral.

· Ability to train and present to small and large audiences or has the interest in learning to train and present.

· Excellent interpersonal, written, verbal, organizational, negotiation, analytical, and decision-making skills.

• Knowledge and experience in SBA E-Tran/CAFS, FTA Systems, PACER, LexisNexis, Loan Manager preferred.
• Working knowledge of the Fair Debt Collection Act, as well as state and federal laws concerning collection activities is required.
• Ability to work in a fast-paced, customer service-oriented environment
• Attention to detail, emphasis on accuracy and strong sense of urgency
• Strong problem-solving, mathematical and analytical skills
• Ability to communicate effectively with customers, as well as upward, downward and across the organization
• Proficient in Microsoft Office suite with strong overall keyboarding, computer and internet application skills

\nCompany Description

Throughout the past 30 years plus, MMC, one of the most trusted names in workforce management services, has successfully delivered strategic solutions to large and small businesses in numerous industries.

We have built our reputation on partnering with our clients and candidates to achieve the desired results. Our recruiting professionals have extensive experience matching the right candidate, to the right client, for the right position. We provide the best opportunities to the most talented candidates in a multitude of industries.

MMC is a privately owned business with corporate headquarters in Irving, Texas. With 2,000+ employees, working in 40+ states, MMC is able to support all United States locations, and some international locations.

We appreciate your interest in reviewing this particular position and we encourage you to visit our website where you can always search and apply for opportunities at

Benefits with MMC Group
MMC offers health insurance plans for our active candidates on assignment, including:

Medical, dental, and vision coverage
Life and disability insurance
Additional voluntary benefits

Join MMC and enjoy the support of a team that values your well-being, both on and off the job.

MMC strives to ensure all job posting confirm details of the position, the rate of pay, and acknowledge medical benefits are offered.

Get started on your career journey today! Apply to become a part of the MMC Team!

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.

Company Description

Throughout the past 30 years plus, MMC, one of the most trusted names in workforce management services, has successfully delivered strategic solutions to large and small businesses in numerous industries.\r\n\r\n We have built our reputation on partnering with our clients and candidates to achieve the desired results. Our recruiting professionals have extensive experience matching the right candidate, to the right client, for the right position. We provide the best opportunities to the most talented candidates in a multitude of industries.\r\n\r\n MMC is a privately owned business with corporate headquarters in Irving, Texas. With 2,000+ employees, working in 40+ states, MMC is able to support all United States locations, and some international locations.\r\n\r\n We appreciate your interest in reviewing this particular position and we encourage you to visit our website where you can always search and apply for opportunities at \r\n\r\n Benefits with MMC Group\r\n MMC offers health insurance plans for our active candidates on assignment, including:\r\n\r\nMedical, dental, and vision coverage\r\nLife and disability insurance\r\nAdditional voluntary benefits\r\n\r\n\r\n Join MMC and enjoy the support of a team that values your well-being, both on and off the job.\r\n\r\n MMC strives to ensure all job posting confirm details of the position, the rate of pay, and acknowledge medical benefits are offered.\r\n\r\n Get started on your career journey today! Apply to become a part of the MMC Team!\r\n\r\n We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status or any other characteristic protected by law. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification document form upon hire.