Robert Millus Email & Phone Number

Mclean, Virginia, Us

Responsible for the collection, restructuring and closing out of various non-performing loans where the collateral was a taxi cab medallion. Functions of the job are:Create strategies and action plans to obtain repayment of the delinquent loans. Assess the effectiveness of the strategy employed and keep senior management apprised of developments. Stay in contact with the debtor.Prepare credit analysis memo with the proposal for the “TDR” (Troubled Debt Restructuring) with mention of the potential for using an “A” and “B” Note structure and discuss the potential for a discounted pay-off.Work with both in-house and outside counsels to prepare the necessary documentation.Monitor the developments of the restructured credit through contact with the debtor, the ability of the debtor to comply with the restructuring while keeping in contact with the market for the changing values of the medallions and access to drivers.Prepare with senior management the appropriate levels of reserves and/or write-offs on the various loans.

Oversaw the credit management of a commercial loan portfolio of criticized or non-performing loans valued at approximately $85 million.Determined the compliance with credit policy and regulatory reviews of the distressed assets by performing and maintaining updated financial analysis, collateral valuations, and documentation reviews.Administered the liquidation of collateral assets including residential and commercial real estate, equipment, inventories, receivables and vehicles.Coordinated and negotiated payment deficiencies with borrowers requiring the development of strategies for performance of payment or liquidation of collateral assets.Prepared monthly and quarterly criticized asset reports for senior management.

New York, New York, Us

Provided quarterly and annual risk analysis for the corporation’s full portfolio of more than 500 active straight lease bond transactions for New York City’s Industrial Development Agency (NYCIDA). The portfolio of bonds had an aggregate value of $23 billion.Collected, analyzed and verified information essential to comply with the statutory reporting requirements of legislative oversight entities.Responsible for the enforcement of mandated compliance for the full portfolio of the NYCIDA transactions.

New York, New York, Us

Evaluated problem credits and restructured loans to bring about the maximum collection from the debtor.Interfaced with outside project finance groups and bankers on problem loans and made presentations on the meetings and loan developments to the Trustees of the Industrial Development Agency.Presented alternative strategies for borrowers who were subject to potential fines, penalties, defaults and litigation.

New York, New York, Us

Monitored borrowers and NYCIDA project companies for adherence to their contractual obligations to NYCEDC and/or New York City.Presented proposals to the Executive Committee and NYCIDA Board for approval of loan and bond restructuring.

New York, New York, Us

Identified problematic loans by means of delinquency reports, late payment of property taxes, site visits, and discussion with senior lenders.Was responsible in the area for a portfolio consisting of 100 loans with an aggregate loan outstanding of $110 million.

Managed the collection of a $25 million portfolio of loans that consisted of 4,900 with a very high rate of delinquencyProposed action plans to be taken on all delinquent loans.

B.A

B.A., Communications, Business