Employees (male/female/diverse) sought for the credit counseling section, responsible for credit resolution and document collection from debtors for outstanding claims

Employees (male/female/diverse) sought for the credit counseling section, responsible for credit resolution and document collection from debtors for outstanding claims

Job Opening: Distressed Credit Management Position

A unique opportunity has arisen for a skilled professional to join a leading financial institution in a Distressed Credit Management position. This role involves managing distressed credit engagements of various sizes, including insolvencies, leading workout and liquidation efforts, and performing valuations and impairment analyses.

Key Responsibilities

• Manage portfolios of non-performing or stressed loans, leading workout and liquidation efforts, and preparing reports for senior management.
• Demonstrate strong analytical skills for enterprise valuations and impairment testing using cash flow models and industry metrics.
• Handle liquidation programs and distressed asset workout plans, including direct management of stressed/distressed files.
• Collaborate and communicate effectively with internal teams and external professionals like attorneys, appraisers, and financial advisors during restructuring.

Qualifications

• Preferred qualification as a bank clerk or similar, with basic knowledge in private and commercial customer credit business.
• A minimum of 7-10 years of experience in credit resolution or asset-based lending, with demonstrated expertise in corporate or commercial lending in credit-intensive roles.
• A relevant degree in finance, accounting, economics, or related fields, sometimes complemented with licensing requirements (e.g., Series 7/63 for some private credit roles).
• Proficiency in MS Office programs is required.
• High resilience, flexibility, and teamwork are essential qualities for this role.

Workplace and Benefits

• The workplace design is flexible, allowing for home office.
• Standard corporate benefits such as medical insurance, disability accommodations, drug-free workplace policies, and performance bonuses or other incentives aligning with recovery outcomes are offered.
• Additional benefits include a job ticket for the train, bike leasing, and a job card.
• The workweek ends early on Fridays at 1:15 PM.

Liquidation Program (RKB)

The implementation of the liquidation program RKB is part of the position's responsibilities. RKB might refer to a framework or system supporting risk mitigation and knowledge sharing during liquidation efforts.

Application and Contact

The job is still open and accepting applications. For queries, contact Mr. Kißlinger at Tel. 08131/731073. The company has a website and there are 21 other job opportunities available.

Candidates should have a willingness to learn and further education, maintain emotional distance from customer problems, and be able to consistently implement set goals and strategies. Regular conversations with customers in difficult situations, as well as their advisors and legal representatives, are part of the role. Compliance with external requirements is necessary in the collection and realization process. Various opportunities for further training are available.

In the context of the Job Opening: Distressed Credit Management Position, the candidate is expected to manage portfolios of non-performing loans and collaborate with internal teams, utilizing their education in finance or related fields for enterprise valuations and impairment testing. Furthermore, the candidate should have a relevant degree and a minimum of 7-10 years of experience in credit resolution, with demonstrated expertise in corporate or commercial lending, all while balancing their career growth with emotional detachment from customer problems.

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