Responsibilities
Altec Capital Services (ACS), a division of Altec, is hiring a Credit Risk & Workout Specialist in Birmingham, AL (Corporate Location). This position is responsible for administering all aspects of risk on distressed commercial loans and leases, working to maximize recovery and minimize losses.
Responsibilities
• Continuously monitor and manage existing problem loans/leases, preparing detailed action plans, exposure management strategies, and account related administrative duties.
• Analyze financial or operational performance of companies facing financial difficulties to identify or recommend remedies.
• Collaborate with internal departments (e.g., Credit, Legal, and Operations) leading coordination with external parties (e.g., legal advisors, participating banks, and third-party recovery agencies).
• Proactively escalate operational risk and loss events to management if applicable.
• Develop and implement strategies for loan/lease restructuring and workout plans.
• Responsible for communicating across all operating companies within Altec Inc. of accounts that are in default or delinquent in payment.
• Utilizing technology that is available within the company, to coordinate the implementation of asset tracking from lease inception to maturity.
Education, Experience, and Skills Required
• Bachelor’s degree in Finance, Accounting, or Economics preferred.
• Two years' experience required in a commercial lending or related area of financial analysis/accounting at a similar institution.
• Must be able to work with team members
Should the selected candidate meet the qualifications of a more experienced level in the career path, the job level may be adjusted.
Please apply directly on our website
https://jobs.altec.com/
Other Position Specifications
• Proficiency and experience performing loan workouts is preferred.
• Proficiency in financial modeling, analyzing financial statements, tax returns, cash flow statements and credit reports.
• Extremely detail oriented
• Knowledge of risk management practices and an understanding of market trends and economic indicators is preferred.
• Proficiency in using financial analysis software and Microsoft Office Suite, particularly Excel.
• Demonstrated strong communication skills
• Demonstrated ability to manage time and meet deadlines
• Ability to work independently
• High level of initiative and works well in a team environment
• Must handle stress and deadlines well
• Able to prioritize and handle multiple tasks while ensuring quality work
• Relies on experience and judgment to plan and accomplish goals
• Works with minimal direction
• 0-25% Travel
Since 1929, Altec has been a company committed to excellence, consistently raising the bar through innovative design, manufacture, integrated safety features, and a continued dedication to total customer satisfaction. Altec’ products can be found in more than 100 countries throughout the world supporting the electric utility, telecommunications, contractor, lights and signs, and tree care markets.
Altec’s values-based culture provides opportunities for associates to have a fulfilling professional career.
Customer First - Enjoyment of Work - Family - Financial Stability - Integrity - People are our Greatest Strength - Quality - Spiritual Development – Teamwork
Benefits
Among our core values is a focus on family and financial stability, and we believe it is important to provide associates with a competitive benefits package. Highlights of Altec’s benefits package are listed below.
- Medical, Dental, and Vision Health Care Plans
- Retirement Savings Plan – Traditional 401(k) or Roth 401(k)
- Tuition Reimbursement Program (helps meet CPA credit hours requirements)
- Company Holidays, Paid Vacation, and Vacation Purchase
- Company Wellness Programs (Physical, Social, Emotional, Spiritual, Financial)
- Personal and Professional Learning/Development Opportunities
- Plus more!
Altec Industries, Inc. and its affiliates are equal opportunity employers and maintain affirmative action plans to recruit, retain, develop, and promote qualified individuals without unlawful consideration of race, gender, color, religion, sexual orientation, gender identity, national origin, age, disability, citizenship status, veteran status, or any other characteristic protected by federal, state, or local law. Altec strives to maintain a work environment free from unlawful discrimination and harassment, where associates are treated with respect and dignity.
