AVP & Loan Servicing/Liquidation Officer II

At Open Bank, we pride ourselves on being different and OPEN to new ideas and opportunities for our clients and employees.

 We celebrate innovation, diversity, teamwork, excellence and integrity. We are an equal opportunity employer and offer competitive compensation and benefits package to recruit, retain and reward top talent. We would like to be your partner in success and happiness!

 Join our TEAM - Together Everyone Achieves More

Job Title: AVP & Loan Servicing/Liquidation Officer II
Department: Special Assets

We are looking for a AVP & Loan Servicing/Liquidation Officer II to join our Special Assets team at Open Bank! The Loan Servicing/Liquidation Officer II will be responsible for maintaining loan files updated with financial reporting requirements and processing various requests from borrowers associated with their loans, after loans have been originated.

Key Responsibilities: 

• Manage the end-to-end loan servicing process, including monitoring loan performance and ensuring timely payments.
• Develop and implement strategies for loan workout, restructuring, and liquidation to minimize financial losses.
• Coordinate with legal, compliance, and credit teams to ensure all loan servicing and liquidation activities comply with regulatory requirements.
• Analyze loan portfolios to identify delinquent accounts and recommend appropriate actions to mitigate risk.
• Receive, review, process, and present recommendations on all servicing requests from borrowers such as release/substitution of collateral/guarantor, assumption of loan, change in terms, etc.
• Contact borrowers of delinquent loan to collect loan payment.

Requirements/Qualifications:

• Bachelor’s degree in Business Administration or related field or equivalent experience required. 
• Minimum three years of prior experience in banking and/or lending required. 
• General knowledge of lending regulations, lien laws, and loan documentation.
• Present a professional image in dealing with clients, interdepartmental, and external representatives.
• Accurate typing/keyboarding skills; basic computer skills, including the use of word processing, spreadsheet software applications, and e-mail.

Employee Benefits & Perks

• Medical, Dental, & Vision: Open Bank offers medical, dental, and vision insurance for all full-time employees and their immediate family members. Employees become eligible for insurance benefits on the first of the month following their hire date.
• Life, Accidental Death & Dismemberment, & Long-Term Disability: Open Bank pays 100% of the cost.
• Flexible Spending Account (FSA): Tax-advantaged financial accounts are offered for employees to pay for eligible out-of-pocket expenses (health, dependent care, transit, and parking) with pre-tax dollars.
• 401(k) Retirement Savings Plan: Open Bank matches 100% of the first 6% of employees' contributions. Employees are eligible to participate on the first of the month following 90 days of employment.
• Paid Time Off (PTO): Employees begin to accrue PTO hours at the time of hire to use for vacation, illness, or other personal reasons.
• Employee Assistance Program (EAP): The EAP offers counseling sessions, online tools and resources, and legal and financial guidance for employees and their family.
• Company Paid Lunch: Open Bank provides company paid lunch twice a week.

To view current job openings, please visit Open Bank Careers Page: https://myopenbank.com/about/#

Provides commercial and personal banking services to local communities.