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Special Assets Analyst
TCF Bank
Minnetonka, MN, United States
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Description
Position Summary
In conjunction with the Sr. Special Assets Analyst, manage the Special Lease Reporting process which includes all customer relationships risk rated a 6 or lower with net exposures greater than $250,000. Ensure all required reports for these transactions are completed timely, accurately and that they include all pertinent data/information regarding actions taken or planned on the account including, but not limited to reserve actions. In addition, this position is responsible for variety of other Portfolio Management related functions including reporting, program management, modifications and assumptions.
Major Areas of Accountability
• Participate in the monthly SLR meetings and be prepared to speak to all reports including the status of transactions and any specific action or reserve recommendations.
• Provide various weekly, monthly and quarterly Portfolio reports.
• Compile, prepare and organize files for review and consideration for modification and assumption requests. Review files with Sr. Analyst.
• Responsible for entry of customer and transaction data/applications into Finance Center, analysis of requests for modifications and assumptions, and approval or denial of requests up to assigned credit authority.
• Represent various Portfolio interests by participating in the Program Committee process; assist in analyzing associated data and program attributes to ensure appropriate servicing capabilities are in place.
• Prepare, analyze and monitor certain aspects of program reporting including various credit metrics, Ultimate Net Loss Pool ("UNL") and recourse reports.
• With guidance, prepare and submit periodic UNL and/or recourse related repurchase requests as well as re-conveyance documents when required.
• Actively manage purchased portfolio risk by monitoring purchased portfolio delinquency and acting as a liaison between TCFEF and the portfolio source.
Qualifications
Minimum Qualifications:
• Bachelor's degree in business, finance or accounting or equivalent, relevant work experience
• Minimum of two years of experience in a secured lending environment, preferably Leasing or commercial lending
• Thorough knowledge of leasing/secured lending policies and business practices
• Basic knowledge of business financial statements
• Basic knowledge of equipment types financed by TCFEF
• Possess good negotiation and conflict resolution skills
• Thorough knowledge of MS office; strong Microsoft Excel skills
• Ability to create and generate variety of reports
• Strong verbal and written communication skills
Preferred Qualifications
• Bachelor's degree in business, finance or accounting
• 3+ years of credit, collections, portfolio servicing or workout management
• Working knowledge of leasing functions including pricing and restructuring
• Ability to analyze other companies, their operations and overall financial condition
About TCF
Established in 1923, TCF has maintained a strong foundation. TCF has over 340 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Arizona and South Dakota, providing retail and commercial banking services. TCF also conducts commercial leasing, indirect auto finance, and equipment finance business in all 50 states, and commercial inventory finance business in all 50 states and Canada.
Benefits
TCF encourages open employee communications and promotes from within whenever possible.
We offer competitive pay, a comprehensive benefits plan, and opportunities for career advancement. For more details on our benefits, click on the Employee Benefits link on our career page.
Proud to be an equal opportunity employer
All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, or other status protected by applicable law. TCF is proud to be an affirmative action/equal opportunity employer. Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.