Commercial Workout Manager
First Bank
Puerto Rico
Supervise, encourage, and lead the team to reduce the impaired commercial loan portfolio for the pymes segment through foreclosures, cancelations, payoff discounts, deed in lieu of foreclosure, sale of equipment, payments reinstallations, and loan sales to investors. Proactively work with attorneys external and internal to obtain correct and accurate documents to fully protect the financial institution’s interest. Focused on restructuring delinquent loans following the Bank's parameters and policies. Review charges off (total or partial) and ensure due process in the system within the required timeframe. Be part of the credit officers of the Commercial Loan Restructured Committee and the Charge Offs approval Committee, for those loans under $1MM.