Harley-Davidson
11 days ago
Commercial Loan Workout Officer
Remote, US
Auto req ID: 36949
Title: Commercial Loan Workout Officer
Job Function: Risk Management
Location: Remote
Company: Harley-Davidson Financial Services
Full or Part-Time: Full Time
Harley-Davidson Financial Services (HDFS), a wholly-owned subsidiary of Harley-Davidson, Inc., offers a wide range of financial products and services to motorcycle enthusiasts and Harley-Davidson dealerships. Products available to consumers include financing on motorcycles, MotorClothes™, and parts and accessories; cycle insurance; and extended service plans for Harley-Davidson® motorcycles.
You’ll play a pivotal role in helping us create the company we want to be. And for our employees and H-D community it’s done through being fair, honest, positive and creative. This isn’t just any company. And yours isn’t just any career. It’s part of your story. Ride with us and make it legendary.
We maximize employee flexibility and well-being through a virtual mindset that supports our highly distributed, global workforce. We take an outcome-focused, people-centered approach to winning, including welcoming the best talent - wherever they may be.
This remote role is not tightly linked to a physical location and provides flexibility in where, when and how you accomplish your work. Remote employees are expected to have a dedicated, quiet and distraction-free work space and an internet connection that’s sufficient for completing their job remotely.
Job Summary
This position is responsible for managing high-risk accounts, negotiating workout agreements and handling inventory repossessions of dealers in the U.S. and Canada. The ideal candidate will have over 10 years of experience in commercial lending, with a strong background in handling commercial inventory repossessions and managing high-risk accounts. This role requires a results-oriented individual with excellent problem-solving skills and the ability to negotiate and restructure loans effectively. Travel will be required approximately 25% of the time.
Job Responsibilities
- Repossession Management: Oversee the repossession process, ensuring compliance with legal and regulatory requirements.
- Risk Management: Collect and manage high-risk accounts, identifying potential issues and developing proactive solutions.
- Forbearance Agreements: Negotiate and manage forbearance agreements to provide temporary relief to borrowers while protecting HDFS’ interests.
- Dealer Relations: Maintain strong relationships with dealers, providing guidance and support throughout the workout process.
- Negotiation: Negotiate repayment plans with borrowers to achieve mutually beneficial outcomes.
- Documentation: Collaborate with legal team to prepare and review loan workout documentation.
- Reporting: Generate detailed reports on workout activities and outcomes for senior management.
- Protection of information and compliance with the law are paramount. Protecting employee, customer and corporate information is everyones responsibility at Harley-Davidson Financial Services. All employees must follow established safeguards, including policies regarding data protection, segregation of duties, and access to information based solely on business need. Further, it is the responsibility of all employees to maintain awareness and understanding of relevant laws, regulations, internal policies and procedures, and to comply with all of them.
Education Requirements
Education Specifications
Experience Requirements
- Minimum of 8 years of experience in commercial lending, preferably for a captive finance company, with a focus on loan workouts, collections and managing high-risk accounts.
- Proven track record of successfully managing Commercial repossessions and loan restructurings.
- Extensive experience in collections.
- Experience with forbearance agreements.
- Strong analytical and problem-solving skills.
- Excellent negotiation and communication skills.
- Knowledge of the Uniform Commercial Code (UCC) and its application in commercial lending.
- Ability to work independently and as part of a team.
- Willingness to travel approximately 25% of the time.
- Intermediate Excel skills, proficient in all other Microsoft office applications.
Harley-Davidson is an equal opportunity employer that continues to build a culture of inclusion, belonging and equity through our commitment to attracting and retaining diverse talent from all backgrounds, without regard to race, color, religion, sex, sexual orientation, national origin, gender identity, age, disability, veteran status or any other characteristic protected by law. We believe in fairness and providing a level playing field for all. We foster a culture that thrives on diverse perspectives and contributions to ignite the creativity and innovation to fuel our business and enhance the employee and customer experience.
The pay range shown represents the national average pay range for this role. Your pay may be more or less than the stated range and is dependent on your geographic location and level of experience.
We offer an inclusive compensation package for all full-time salaried employees including, but not limited to, annual bonus programs, health insurance benefits, a 401k program, onsite fitness centers and employee stores, employee discounts on products and accessories, and more. Learn more about Harley-Davidson here.
Applicants must be currently authorized to work in the United States.
Direct Reports: No
Travel Required: 10 - 25%
Pay Range: 101,500 - 162,500
Visa Sponsorship: This position is not eligible for visa sponsorship
Relocation: This position is not eligible for relocation assistance
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