Manager - Workout/Recovery - General Electric (Dallas, Texas)

City: Dallas
State: Texas
Country: USA

Company Name: General Electric
Job Category: Accounting/Finance

Business
GE Capital

Business Segment
Capital - Americas

About Us
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Role Summary/Purpose
Lead deal teams and manage relationships with cross-functional staff responsible for the restructuring of poor performing loans or leases and workout activities. Analyze and manage assigned portfolio to ensure minimum defaults through proactive restructuring and other resolutions.

Essential Responsibilities
Mitigate losses on delinquent / distressed accounts through workout, litigation and bankruptcy. For primarily complex accounts, develop resolution strategies and recommend actions within department guidelines. Prepare formal credit write-ups and present transactions and/or deal specific actions for approval or interim execution within department standards. Negotiate resolution strategies with borrowers, franchisors and other interested parties. Work closely with in-house legal counsel and manage outside legal counsel in structuring and negotiating bankruptcy and non-bankruptcy restructure transactions.

Qualifications/Requirements
Bachelor's Degree with 7+ years experience to include underwriting/account management, restructure, turnaround, and/or workout experience.Experience interpreting financial performance, assessing risk exposure, conducting loan restructures, and recommending risk decisions. Experience performing the following technical objectives: loan restructures litigation and bankruptcy initiatives, deal documentation and financial analysis. Eligibility Requirements:You MUST submit resume through www.gecareers.com to be considered for this job opening.You MUST have unrestricted authorization to work in the United States.You MUST be willing to comply with pre-employment screening, including but not limited to, drug testing, reference verification and background check.You MUST be willing to work from an office in Danbury, CT or Dallas, TX.

Additional Eligibility Qualifications
GE will only employ those who are legally authorized to work. Any offer of employment is conditioned upon the successful completion of a background investigation and drug screen.

Desired Characteristics
Bachelor's degree in Accounting, Finance, Business.MBA Degree.Experience in operations or auditing.