Employment Opportunities

Jobs in USA – Recovery Manager

Workout / Recovery Manager at Xerox

Location: Lewisville, TX (Dallas/Fort Worth Area)

URL: http://www.xerox.com

Type:

Full-time

Experience:

Mid-Senior level

Functions:

Accounting / Auditing, Finance 

Industries:

Information Services, Information Technology and Services 

Posted:

October 6, 2009

Compensation:

Base Salary + BonusPh:

1-800-275-9376  1-800-275-9376

 

Job Description

Summary & Purpose:
Resolve and restructure, where appropriate, poorly performing loans/leases (and associated AR balances). Analyze and manage assigned portfolios to remediate default conditions and protect collateral through proactive working out, restructuring, and other solutions.
Responsibilities:
Manage the assigned portfolio, contacting borrowers/customers, analyzing situation to develop plan for resolution of problem accounts.
Perform extensive analysis and due diligence to identify risks associated with modification of credit terms and determine appropriate structure and pricing. This includes working with Xerox sales and operations personnel to explore restructure of asset mix and pricing/service plans.
Prepare financial models, including assessing risk and setting financial covenants.
Enforce Rights and Remedies contained in Xerox Agreements.
Negotiate workout/restructured deals with borrower/customer.
Actively manage portfolio of accounts to maximize recovery, including the organization and facilitation of conference calls, gather and report necessary performance data to upper management.
Perform ongoing evaluation of problem accounts to identify root causes and opportunities for system improvements of upfront underwriting processes.
Qualifications:
BS degree required preferably in Finance; MBA preferred.
Minimum of five (5) years experience in a finance, banking, or risk environment involved in underwriting, or workout.
Three (3) years experience working on the restructure of poorly performing loans.
Working knowledge of Lending/Leasing documentation, Bankruptcy, and Litigation processes.
Excellent analytical and problem solving skills.
Demonstrated effective negotiation skills.
Excellent communication skills and ability to interface effectively with customers and senior management
Proficiency in Microsoft Office tools (e.g. Excel, Access).
Ability to work independently as well as in a team environment.
Lean Six Sigma Green Belt certification a plus.
NOTE: There are currently three (3) open Workout / Recovery Manager positions.
Drawing on diversity of a global workforce and offering an equal opportunity to achieve success.
EOE M/F/D/V

Company Description

At Xerox, where business runs on fresh ideas, staying on the crest of digital technology demands originality, creativity, and ingenuity. That’s why Xerox recruits exceptional people, whose professional and technical finesse are fueled by imagination. We’ve created a workplace where inventiveness flourishes, where employees are encouraged to express their vision, their ideas, and their leadership.

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