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Commercial Loan Collector (1322)

Job Summary
American National Bank is looking for a new Commercial Loan Collector to initiate, pursue and ensure prompt collection of commercial loans. The ideal individual will possess previous collections experience and banking experience along with a high attention to detail.

Essential Job Duties & Responsibilities
  • Communicates with delinquent borrowers in attempting to obtain late payments, using the telephone, letters and in person appointments as assigned
  • Receives and reviews a listing of all delinquent commercial loans
  • Makes initial determinations as to feasibility of refinancing or workout
  • Reports to manager the type and status of delinquent accounts and collection issues
  • Achieves compliance certification and use knowledge of compliance regulations, mainly Reg B and Z, in day-to-day activities
  • Performs outside collections, assessments and valuations of collateral and business assets
  • Communicates with SBA, legal counsel and other third parties regarding loan collection activities.
  • Ensures adherence to department guidelines, policies and procedures.

Experience and Education
  • Two years commercial collections experience and/or five or more years other collections experience preferred
  • Previous banking or other financial experience preferred
  • High School diploma or equivalent
  • Knowledge of federal and state law governing loan collections including federal bankruptcy code, Fair Debt Collections Act, Reg B, Reg Z, and Uniform Commercial Code regarding collections on non-consumer debt
  • Ability to discuss sensitive financial situations in a tactful manner to resolve the delinquent status
  • Excellent communication (oral and written)
  • Ability to perform responsibilities of this position while adhering to bank policies, procedures and structure
  • Strong ability to maintain confidentiality
  • Basic computer skills with the ability to learn the core banking system and maintain working knowledge of MS Office
  • Strong attention to detail and highly organized while focusing on work quality
  • Ability to establish priorities and meet deadlines