Avp Managed Assets
CurrentPrepare quarterly watched asset reviews of Commercial and Small Business credits rated Special Mention, Substandard and Doubtful. Evaluate secondary sources of repayment of non-operating obligors and determine impairment and make reserve recommendation. Negotiate, prepare, and submit Offers in Compromise to the SBA on loans supported by SBA guarantees. Prepare and submit Guarantee Purchase Requests to the SBA on SBA guaranteed loans where all other sources of repayment have been exhausted. Prepare Commercial Approval Memorandums on credits housed within Managed Assets requesting Modifications to existing loans and restructuring credit facilities.