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← Metropolitan Commercial Bank

Head of Special Assets/Loan Workout

Metropolitan Commercial Bank
Location
New York, NY
Posted
11 days ago
Department
Special Assets
Salary
$215,000 - $250,000
What they actually want (must-haves)
  • Bachelor’s degree in Finance, Business Administration, or a related field
  • Experience in loan management or financial rehabilitation
  • Strong understanding of loan structures and credit risk
  • Strong negotiation and problem-solving skills
  • Knowledge of regulatory requirements related to loan recovery
  • Excellent communication and interpersonal skills
What the job really is

The Head of Special Assets/Loan Workout will manage distressed loan portfolios and develop strategies for loan recovery and restructuring. This role involves negotiating loan terms, preparing reports for senior management, collaborating with legal teams, and engaging with borrowers to assess their financial situations. The position requires a strong technical mindset and a passion for leveraging technology, including AI, to enhance recovery strategies.

Benefits
  • Standard 4-day in-office requirement, 1 day remote (of your choosing and subject to manager’s approval)
  • Potential Salary: $215,000 - $250,000 annually
Things to weigh
  • No specific mention of benefits beyond salary and remote work flexibility
  • Salary range is wide and dependent on multiple factors, which may lead to variability in final offers
  • Role requires a strong technical mindset and AI fluency, which may not appeal to all candidates
Job score3.8/5
Benefits1/5
Freshness5/5
Career value4/5
Role clarity4/5
Pay transparency5/5

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