Fdic Work Values

Daily Duties at Fdic:

In the Risk Share Asset Management (RSAM) department: Oversee and monitor the activities and relationships of three Assuming Institutions (AI): external financial institutions who have acquired a failed bank, and in their performance complying with ten Loss Share Agreements (LSA) involving six failed banks, 3,083 assets totaling $543,090,140 for both residential and commercial loans. Responsible for ensuring compliance with all aspects of these agreements. Analyze and review charge-off claims using examination criteria, RSAM guidance; underwriting the credit documents and appraisals, virtually all in the multi-million dollar range together with all other claims and recoveries the AI may submit for payment. Close coordination, frequent negotiation and regular conversations with executives from the various AI’s, as well as within the FDIC including attorneys, accountants, contractors, other state and federal regulatory officials including, but not limited to the OCC and Federal Reserve regarding the administration of the LSA’s. Analyze and prepare cases using Microsoft WORD & Excel regarding charge-off petitions, note sales, and any other requests requiring FDIC approval. Develop written and oral presentations using PowerPoint, Excel & WORD for upper management concerning my analysis of the economic impact of these complex financial transactions, propose alternative solutions, recommend various courses of action and other strategies. In the Asset Management department:Participated as the Contracts & Leases Functional Manager (FM) on six bank closings. Several of those failed institutions were highly complex requiring detailed analysis. Managed 24 receiverships, terminating or repudiating numerous types of contracts retained by the FDIC. Contracts included office/branch leases or sub-leases, ground leases, equipment leases, letters of credit, loan sale or purchase agreements, employment contracts, bank owned life insurance policies and other executive benefits, general service contracts and IT operating system agreements. Organized and researched the data associated with several complex institutions in order to formulate appropriate resolutions to the assorted problems. Identified and reported all potentially serious problems to management, and generated and implemented solutions. Additional duties included recovery of the cash value of any Bank Owned Life Insurance policies (BOLI) and any other unearned insurance premiums for 24 failed institutions.

What they like about Fdic:

You give high priority to hiring firms with prestige. Market reputation and prestige of a firm may be determined through on-line research, and conversations with individuals working in your target industry. Note that firms "in the public eye" receive a great deal more critical publicity and attention than those operating with more anonymity. So as you assess your employment opportunities, be sure to seek out the positive aspects of the firm's reputation in addition to noting negative publicity the company may have received.

Tags

client management, relationship management, credit analysis, loan analysis & review, West Palm Beach, special assets, commercial loan, compliance, risk analysis, residential loans, asset manager, loss mitigation, Conpliance, Financial, Asset Management, Experienced Trainer

Skills

Client Management, Negotiation, Oral & Written Communication, Initiative, Sales, Risk Analysis, Credit Analysis, Lead by Example, Microsoft Office

These are some of the questions we asked our climbers about their experiences with Fdic: