Credit Officer - Special AssetsFirst Horizon Bank
Job Summary
Location: On site at location listed in job posting
SUMMARY
Responsible for managing a portfolio of problem commercial loans and implementing strategies to mitigate credit risk and maximize recovery. Ensures proper servicing, including but not limited to collections, assigning a proper loan rating, preparing detailed action plans, creation of exposure management strategies, and account related administrative duties.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Restructures small to mid-size commercial problem loans of low to moderate complexity.
Works with lending personnel and commercial borrowers to better secure collateral and/or assets of loan relationship.
Contacts customers regarding delinquent accounts, and workout repayment strategies including authorizing payment extensions
Maximizes collections and minimize losses on portfolio assigned while ensuring appropriate governance and prudent risk management.
Prepares timely and accurate projection and C&C reports, recommends non-accrual and charge-offs, and rates the accounts according to the financial institutions procedures
Ensures payments are properly credited or applied to customer accounts and in financial institution records or returned, if foreclosure has been initiated or payments are unacceptable
Reviews payment lists and maintains departmental files
Ensures administrative support forwards financial institution information to credit bureaus as appropriate
Orders liquidations, foreclosures and repossessions when necessary
Work closely with outside vendors, especially law firms, to ensure invoices are accurate and the work product is appropriate.
Performs all other duties as assigned
SUPERVISORY RESPONSIBILITIES
No supervisory responsibilities
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Additionally, the qualifications listed below are representative of the knowledge, skills, and/or abilities required in this position:
Bachelor (4-year college) degree and 6-8 years of experience or equivalent combination of education and experience
Strong communication skills
COMPUTER AND OFFICE EQUIPMENT SKILLS
Microsoft Office suite
CERTIFICATES, LICENSES, REGISTRATIONS (Ex: CPA, Series 6 or 7 license, etc)
None required
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .
Benefit Highlights
Medical with wellness incentives, dental, and vision
HSA with company match
Maternity and parental leave
Tuition reimbursement
Mentor program
401(k) with 6% match
More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Job Identification: 1033
Job Category: Support
Job Schedule: Full time
Degree Level: Bachelor's Degree