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Sr Commercial Collector Job Opening at BMO Harris Bank in West Allis, WI
| [Position No Longer Available] |
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| Position: | Sr Commercial Collector |
| Company: | BMO Harris Bank |
| Job Location(s): | West Allis, WI |
| Start Date: | As soon as possible |
| Employment Term: | Regular |
| Employment Type | Full Time |
| Starting Salary Range: | |
| Required Experience: | Open |
| Required Security Clearance: | None |
| Related Categories: | Management and Supervision, Banking - Management, Finance - Management |
Position Description
| Job ID: | 96249 |
| Job Title: | Sr Commercial Collector |
| Banking Group: | Corporate Areas |
| Work Address 1: | |
| Work Address 2: | |
| Country: | United States of America |
| State/Province: | Wisconsin |
| City: | West Allis |
| Job Type: | Regular |
| Full-Time (F)/Part-Time(P): | F |
| Date Posted: | Feb 28 2012 |
| Job Description: | The Senior Commercial SMB Collector is accountable for oversight and management of all assigned problem loan accounts originated in the applicable P&C/PCG US lines of business and follows sound business practices to reduce the Bank's loss exposure in high risk accounts. The Senior Commercial SMB Collector is accountable for initiating collection processes on delinquent loans to reach a successful conclusion to a delinquency that benefits the Bank. The incumbent will make credit decisions/recommendations in accordance with sound credit-granting principles and in compliance with Bank Policy & Procedures. This role provides prompt attention to deteriorating risk situations and minimizes the Bank's loan loss exposure and maximizes recoveries of principal, interest and costs. List and describe the major components of work (e.g., strategy, governance, people management, analysis) and the approximate percentage of time spent on each. What action does the job take (e.g., own, execute, support, co-ordinate)? What results or outcomes are expected? Provide examples to explain the impact to BMO. Is there anything unique and important to know about what this job accomplishes? |
| Job Requirements: | KNOWLEDGE AND SKILLS Knowledge: This position requires Credit Qualification. The incumbent must possess a basic level of Credit knowledge and skills and a basic level of Portfolio Management knowledge and skills according to the standards established within the Credit Qualification Process Policies & Procedures. Strong collections experience with an emphasis on mortgage loan collection and foreclosuresC&I and CRE collections. Fundamental credit knowledge which includes loan assessment and investigation, financial statement analysis, asset valuation, security evaluation, negotiation, credit correspondence, loan supervision and enforcing Creditor's rights. Basic knowledge of portfolio management and reporting requirements. Skills: Negotiation skills and ability to identify relevant matters. Developing analytical skills and ability to make appropriate recommendations to workout loan consultants and management. Collection experience or related knowledge. Effective time management and prioritization skills. Developing relationship management skills. Effectiveness in working in team environment. Strong writing/proofreading skills for technical reporting requirement. |
