Financial Recovery Representative

Huntington National Bank

Financial Recovery Rep 2 managing a portfolio of substandard Business Banking loans at Huntington. Work with customers, attorneys, and liquidators to resolve problem loans.

Posted 4/29/2026full-timeWaterloo • Iowa, Minnesota • 🇺🇸 United StatesMid-LevelSenior💰 $57,000 - $113,000 per yearWebsite

About the role

Key responsibilities & impact

Manage a portfolio of substandard Business Banking loans
Work with customers, attorneys and liquidators to exit borrowers unable to maintain their relationship with HNB
Develop a litigation or liquidation strategy on classified loans to minimize losses on the Business Banking portfolio
Present action plans to resolve problem loans to senior management
Analyze financial plans, negotiate loan collection or restructuring, and recommend litigation or liquidation
Identify appropriate risk ratings, accrual status and losses, address workout scenarios
Communicate data driven results to upper management in a time sensitive environment
Adhere to bank policies and procedures and comply with legal and regulatory requirements
Establish or work with management to develop effective controls and processes to ensure risks are measured, monitored and controlled and compliance requirements

Requirements

What you’ll need

Bachelor's Degree or equivalent experience
A minimum of 3 years of experience in commercial/business banking underwriting, lending, credit and/or appraisal required
Excellent written and verbal communication skills
Strong goal achievement orientation
Strong attention to detail, sense of urgency, and ability and desire to provide Simply the Best Service to our clients are key in this position
Basic working knowledge of PC applications
Knowledge of bankruptcy laws
Ability to negotiate settlements, workouts and sale of security while adhering to state and federal regulations
Experience with Real Estate Foreclosure process
Previous experience with AFS / Velocity / RETS / CARS
Strong working knowledge of SBA loans and the associated workout process to ensure compliance with SBA Standard Operating Procedures
Working knowledge of exit strategies including bankruptcy, closed business, legal remedies and liquidation strategies

Benefits

Comp & perks

health insurance coverage
wellness program
life and disability insurance
retirement savings plan
paid leave programs
paid holidays
paid time off (PTO)

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

commercial bankingbusiness bankingunderwritinglendingcredit analysisappraisalnegotiationbankruptcy lawsSBA loansreal estate foreclosure

Soft Skills

written communicationverbal communicationgoal achievement orientationattention to detailsense of urgencycustomer service

Certifications

Bachelor's Degree