JOB SUMMARY: This position is responsible for managing Asset Recovery efforts including repossessions, money judgements, foreclosures, etc. Also manages aspects of the bank’s Other Real Estate portfolio, including monitoring legal processes for acquisition of properties, maintenance and liquidation, and operational support duties. This may include maintenance tasks, inspections, repairs, and general upkeep of the bank properties. Provides recommendations regarding bankruptcies, probates, foreclosures, repossessions, and other collection efforts to Asset Recovery Officer.
Work in conjunction with Asset Recovery Officer to manage flow of departmental day-to-day operations.
Communicate with legal counsel to obtain, convey, and make recommendations on credits requiring legal and/or collection action.
Manage oversight of ORE portfolio in all phases from acquisition to liquidation.
Assist lenders with pre-collection efforts including skip tracing and valuation of collateral.
Prepare various reports, credit memos, and detailed documentation for audits, management, and board meetings.
Be instrumental in helping Officer in setting and meeting departmental goals.
Facilitate repossessions efforts on vehicles, to include communication with loan officers, initiation request to repo agent, notification to customer, identification of collateral values, filing VSI claims, removal of personal belongings, preparing credit memos, maintaining files, obtaining titles, sale of vehicles, and processing of sale transaction.
Facilitate repossession and liquidation of other personal property as necessary, which may include equipment, inventory, livestock, etc.
Balance specific ARD related general ledger accounts and review reports as needed.
Research information as requested.
Work with all other departments to maintain open communication and positive work relations.
Be a positive role model of First Bank & Trust Co. Culture, Core Values and Expectations.
Must be able to meet attendance and punctuality standards.
Effectively work and cooperate with supervisors, co-workers and customers.
Follow directions of the supervisor.
Manage borrower collection activity, including attendance at small claims court.
NOTE: The above statements are intended to describe the general nature and level of work performed by an employee in this position. These statements are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees in this position.
First Bank & Trust Co. is an Equal Opportunity Employer and is committed to providing an environment free of harassment and discrimination. If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to access job openings or apply for a job on this site as a result of your disability. You can request reasonable accommodations by contacting Human Resources at 580-255-1810.
