Director Of Commercial Servicing And Asset Mgt

Position: DIRECTOR OF COMMERCIAL SERVICING AND ASSET MGT
Primary Position Objective:

Manage and direct commercial loan asset management efforts associated with portfolio(s) of commercial loans. Manage client relationships and borrower relationships as appropriate. Direct asset managers to ensure portfolio(s) are managed efficiently and effectively. Develop and maintain policy and procedures to ensure effective portfolio management and loan portfolio growth. Work with teammates in the Commercial Servicing Division to utilize system effectively and increase efficiency and automation in processes.

Major Duties and Responsibilities:

• Meet the contractual obligations related to commercial loan asset management in accordance with the agreed terms and to the satisfaction of the client.
• Must possess communication and personal skills fitting the firm's largest clients, which this position will directly interface with.
• Establish and maintain processes and procedures for commercial loan asset management supporting achievement of our contractual obligations to servicing and asset management.
• Responsible for the oversight, quality and accuracy of commercial loan asset management activities.
• Be proficient with use of technology including Microsoft office suite and commercial servicing and asset management systems. In cooperation with the Commercial Servicing team and the firm's Business Analysts, ensure loan systems are built out, maintained, and functioning as intended.
• Directs efforts to carry out activities in accordance with documented policies and procedures.
• Serve as a main point of contact for clients and other counter parties for the firm's asset management activities, including sufficiently addressing inquiries from senior management, clients, and borrowers, as necessary.
• Ensure commercial loan asset management staff is educated properly on regulations and policies affecting the performance of their responsibilities.
• Responsible for continuous examination of procedures, increasing efficiency, reducing errors, and optimizing workflow processes.
• Expected to develop and maintain production reports that serve to assist with analyzing and managing department volume, capacity, and efficiency.
• Responsible for managing and maintaining changes in policies, procedures, and processes that support ongoing compliance with laws and regulations, and to achieve company desired operating results.
• Regularly exercise discretion and independent judgment on critical business matters that can have a significant financial and operational impact on Ameri Nat.
• Assist senior management and marketing with new business development.
• Attend management meetings as designated, support Ameri Nat's strategic plan and business operating goals.
• Establish and maintain regular contact with borrowers within assigned portfolio, including underperforming and nonperforming credits
• Maintain reporting for assigned portfolios
• Negotiate with Borrowers to secure collateral or assets as appropriate and necessary
• Assist in preparing and executing loan workout strategies to ensure optimal asset recovery in accordance with client objectives
• Assist with initiating foreclosure proceedings and engaging and working with receivers to ensure optimal collections and minimize any decline in collateral value
• Review and interpret commercial loan documents to ensure servicing and covenant compliance for commercial credits in senior and subordinate positions in accordance with agreed upon terms
• Report and actively pursue resolution of past due items and matters of default in accordance with agreed upon terms

Supervisory Requirements:

• Responsible for supervision and development of staff, including mentoring, educating, motivating, and evaluating commercial and asset management staff in accordance with corporate policy.
• Manage and delegate responsibilities to ensure asset management responsibilities are performed in accordance with contractual obligations.
• Creates an atmosphere within the organization that attains and maintains a high level of morale and embraces our Vision-Mission-Values and our Goals and Objectives "VMVGO".
• Manages the department's staff including appropriate employee evaluations that identify employee strengths and…