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Citizens · 7 hours ago

Non-Performing Loan Specialist II

Johnston, RI

Full-time

Hybrid

Mid Level

3+ years exp

Citizens is a financial institution focused on customer-centric culture and community support. The Non-Performing Loan Specialist II will analyze market data and determine the financial risk of properties, making decisions related to foreclosure and loan management to minimize losses.

BankingCredit CardsFinancial ServicesFinTechRetail

H1B Sponsor Likely

Responsibilities

Using knowledge of current real estate market trends and dynamics, obtains current information about real estate secured loans

Decides on the appropriate course of action which results in the least amount of risk to the institution. To this end, he/she approves foreclosures and losses

Performs an equity analysis including OREO research, foreclosure volumes and analysis of market data to determine if there is any net residual value in the property and if foreclosure and subsequent required write down to the net realizable value is needed

Recommends charge off, write down, or OREO marketing strategies to the NPL or OREO Manager respectively through the preparation of well documented packages

Recognizes and reacts to issues and problems that may affect policy or procedures

Challenges the status quo with respect to policy, procedure, and process and makes recommendations for change

Must be cognizant of current and future internal policy and procedures, state and federal regulations and accounting rules

Directs vendors to secure data such as valuations and senior lien amounts to determine equity and ensure that negotiated pricing and service levels are followed. Reviews the data supplied by the vendors for accuracy and takes corrective action or instruct the vendors to do so

Ensures that financial data hits the appropriate accounts in the correct timeframe

Prepares, reviews, and adds commentary to Credit Risk and Compliance reporting for the NPL Department

Communicates projected and actual loss, along with drivers and root cause of variances to expectations

Participates in ad hoc or special projects as needed

Qualification

Default Operations ExperienceResidential Real Estate KnowledgeCreditAccounting RulesTransaction ManagementCommunication SkillsCollaboration Skills

Required

3+ Experience in Default Operations

Familiarity with Residential Real Estate default lifecycle activities (Foreclosure, OREO, etc.)

Familiarity with credit and accounting rules related to loss recognition of property secured loans

Ability to manage large volumes of transactions across multiple platforms and ensure adherence to policy and procedures

Excellent written and verbal communication skills

Ability to collaborate across multiple functions (credit, accounting, foreclosure, loss mitigation, etc.) to solve problems and provide transparency around losses to stakeholders

Company

Citizens

Glassdoor3.6

At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.

Founded in 1828

Providence, Rhode Island, USA

10001+ employees

https://www.citizensbank.com/

H1B Sponsorship

Citizens has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

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Trends of Total Sponsorships

2020 (1)