Job Description
The core parts of your role would be to:
The incumbent will oversee and manage, as assigned, the administration and/or execution of delinquent and certain problem loans while minimizing losses to the Bank. Including supporting the team in negotiating acceptable arrangements/settlements to resolve breaches and/or forbearances agreements to avoid enforcement while limiting any risk to the Bank. Manage and/or administer complex delinquent and problem commercial mortgages and conduct full financial review prior to recommendations to Senior Management Assess and execute on optimal workout strategy with the team when processing loans for legal action based on mortgage enforcement remedies by law (including non-payment, non-renewals, tax arrears, bankruptcies/liens, other material breaches or adverse changes etc.) Provide support by liaising with mortgagors, guarantors and subsequent encumbrances, trustees in bankruptcy, brokers, ...