Scott Servoss
Special Assets Officer - Vice President
- Role
- Special Assets Officer-vice President Team Lead at Old National Bank
- Location
- Kalamazoo, MI, US
- LinkedIn followers
- 500 followers
About Scott Servoss
I am a Finance Professional with 15+ years experience known for a strategic approach with extensive experience in risk mitigation, complex loan workouts, in depth financial analysis and financial/risk modeling. I also have a background in accounting and accounts receivable management and SBA recovery/servicing. Specialties: risk management, accounts receivable, credit and collections, troubled debt restructuring, financial analysis and modeling, loan workouts and negotiation, accounting, risk, strategic planning, loan loss mitigation, underwriting, financial statements, analyzing and interpreting data, quality management, process improvement, cost accounting, statistical analysis, credit insurance, audit delinquent accounts, determine bad debt and charge offs, supervision of subordinates, SBA workouts/servicing.
Experience
Special Assets Officer-vice President Team Lead
Sep 2012 — Present · Kalamazoo, MI, US
Manages an assigned portfolio of \"non-performing\" commercial loans. Specific duties include: developing feasible and timely workout strategies, restructuring credit and repayment terms, improving collateral arrangements, establishing recourse to borrower assets, recommend risk rating and accrual adjustments, loan loss recognition. In addition, I develop a healthy relationship with the customer and negotiate with customer on exit strategy or whatever strategy is defined. I also perform and oversee underwriting of financial covenant testing and large credit write ups. Also experience in drafting and preparing legal documents including Forbearance Agreements. Deep experience in SBA guidelines, servicing, and workouts. Experience in new business development program. Structures and analyzes new and renewed loan requests and makes loans within lending authority. Cross sells all company products and services
Education
Western Michigan University
BBA, Finance
1997 — 2002
Tecnológico de Monterrey; Colima Mexico
International Business/Spanish
2000 — 2001
Indiana University-Purdue University at Indianapolis
Masters Public Accounting, Accounting
2005 — 2007
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