The incumbent will manage and/or administer complex delinquent and problem commercial mortgages (generally loans exceeding $10MM+) while minimizing losses to the Bank, process loans for legal action for non-payment (including past maturities, tax arrears, insurance cancellations, bankruptcies/liens, etc.) and conduct full financial review prior to recommending appropriate legal remedies to Senior Management, manage legal action loans and enforce on remedies/conditions as warranted, while ensuring compliance with established default/workout strategies are implemented in a timely and efficient manner. Liaising with key stakeholders, both internal and external, will be a key responsibility, and forms part of determining and negotiating successful workout strategies.
The incumbent is responsible for performing, reviewing and correlating all aspects of underwriting (including collateral analysis and valuation) for def...