Equipment Finance, Workout Officer job in Tempe, AZ| Recruit Arrow
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Title
Equipment Finance, Workout Officer
Location : Arizona, Tempe
Refer job # PRFO340781
 
Job Responsibilities and Requirements: Job Description Summary Responsible for collection and work out situations and activities associated with equipment financing and leasing. Accounts assigned are generally of advanced to very advanced complexity. Essential Job Functions Contact with delinquent equipment finance customers who are from 90-180 days past due to ascertain cause of delinquency. Contact with senior executives and attorneys to negotiate work-out programs. Processing charged-off financing including litigation, asset discovery and fraud investigations. Analysis of credit submittals regarding credit and / or financial strengths to ascertain if borrowers qualify for financing restructures. Forensic analysis of severely delinquent and charged off accounts to identify possible problems trends and issues for feedback to credit and management. Financial analysis background helpful but not required. Works with brokers and vendors for assistance in contacting customers and resolving delinquencies, including coordinating the repossession and remarketing collateral to maximize recoveries. Provide feed back to other departments regarding possible problems directly related to certain industries or types of collateral. Works with Collection and Customer Service Departments regarding customer service related issues, especially those where Bank liability may be concerned. Engage in ongoing discourse with Documentation and Sales departments with regard to legal or regulatory changes. Negotiation of customer requested documentation issues or requests. Prepares files for submitting to collection agencies and attorneys for collection, litigation and bankruptcy issues, including the interviewing of attorneys in different geographical areas for possible assignment of suits or judgments. Requires good working knowledge of collection, bankruptcy law and documentation requirements.Other Job Duties Performs other duties as assigned. Required Experience Bachelors Degree required or equivalent experience Requires 5 years minimum experience with restructuring or legally resolving customers who do not pay per the lease contract Ability to manage caseload of past due customers to find optimal workout resolution for Experience working with internal and external legal resources in cases of contract dispute or litigation Good understanding of local, state and federal requirements related to contacting customers and collection of delinquent accountsSkills Good understanding of small business lending policies, procedures and practices. Complete knowledge of collection practices and techniques. Complete knowledge of Dun & Bradstreet and other credit reports. Credit and / or financial analysis experience helpful but not requires. Administrative/Technical Skills. Analytical skills. Customer service skills. PC skills, including knowledge of Excel and Word. Strong written and verbal communication skills.
 
 
 
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