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Farmers & Merchants State Bank - Archbold, OH
posted 2 months ago
About the position
The Assistant Loss Mitigation Supervisor is responsible for supporting the Loss Mitigation Manager in overseeing the Asset Recovery and Overdraft Administration departments. This role involves counseling delinquent customers, assisting in repossession of collateral, maintaining foreclosure properties, and managing the Courtesy Pay program to minimize potential losses. The position also requires representation of the bank in court for ongoing litigation and ensuring compliance with bank policies and regulations.
Responsibilities
- Assist the Loss Mitigation Manager in overseeing Asset Recovery and Overdraft Administration departments, including hiring and conflict resolution.
- Become fully trained to work in either Asset Recovery or Overdraft Administration as needed.
- Prepare reports for the Asset Recovery and Overdraft Administration departments.
- Balance general ledger accounts related to fees and recoveries.
- Monitor delinquent tax reports on home loans and assist customers in finding acceptable workouts.
- Oversee repossessions and foreclosures, ensuring collateral is maintained.
- Prepare bidding instructions for sheriff sales and monitor online sales.
- Work with attorneys to pursue necessary litigation for consumer and home loans.
- Attend court as required for ongoing litigation.
- Maintain department policies and procedures.
Requirements
- Associate degree (A.A.) or equivalent from a two-year college or technical school.
- At least two years of related experience and/or training in a supervisory role.
- Ability to read and interpret financial reports and legal documents.
- Strong communication skills for presenting information to management and public groups.
- Mathematical skills to apply concepts such as fractions and percentages to practical situations.
- Ability to define problems, collect data, and draw valid conclusions.
Nice-to-haves
- Experience in the banking or financial services industry.
- Knowledge of loss mitigation processes and procedures.
Benefits
- Health insurance coverage
- Paid time off for holidays
- Professional development opportunities
