SVP, Credit Administration & Litigation Assistant General Counsel, Legal (Seattle, WA)

SVP, Credit Administration & Litigation Assistant General Counsel, Legal (Seattle, WA)

HomeStreet
– WA
– Seattle
– 601 Union Street, Suite 2000

EO/AA Employer including Vets and Disabled

Qualified applicants with arrest and conviction records will be considered in accordance with legal requirements.

Job Description Summary

This position will provide primary legal support for the following areas of HomeStreet Inc.

(the “Company”) HomeStreet Bank (the “Bank”) and their subsidiaries: Credit Administration; Commercial Real Estate Lending; Commercial Lending (including Agricultural, SBA, C&I, and ABL Loans); Residential Construction Lending (Builder-Developer); Single Family Lending (origination and servicing); Retail Banking, Consumer Lending, and Deposit Operations; Corporate Compliance ; Corporate Real Estate (including commercial leasing and facilities issues); Special Credits (including workouts, troubled loan management, OREO, and collateral dispositions); Vendor Management; Litigation management; Marketing and IP.

Job Details

Primary Functions:

• This position will provide legal support for the credit risk management function of the Bank, from loan origination through collection and/or management and disposition of problem credits and problem assets (“special assets) and real estate owned (“REO”).
• This position will help develop and maintain legal procedures, processes, and documentation (including the development of form documents where appropriate) to ensure that there is appropriate, timely, and cost effective legal input into the credit risk management, lending, and operations functions.
• Directly or through oversight of and in conjunction with outside counsel, this position will:
  • advise with respect to the origination and servicing of commercial and consumer loans.
  • advise on operational issues arising in the supported business units.
  • review and analyze loan documentation on problem loans and advise credit administration staff on the legal aspects of strategic options relative to the borrower, the collateral, and other sources of repayment, including guarantor rights, priorities and the ability to collect on deficiencies;
  • advise the Bank in connection with workout negotiations with borrowers;
  • assess and advise the Bank of its legal rights and obligations in connection with relationships with participant lenders;
  • advise the Bank in the context of bankruptcy and receivership proceedings and other enforcement proceedings involving borrowers and guarantors; and
  • provide legal support and advice in connection with the process of acquiring, managing and disposing of REO.
• This position will monitor and manage outside counsel relationships (in its area of responsibility) and fees to ensure that the Company and the Bank are receiving cost effective and high quality service from outside counsel resources.
• This position will investigate and handle basic bank litigation matters, maintain the Company’s litigation reporting and oversee outside litigation counsel in matters that are not extraordinary litigation matters.
• This position will also provide support for the marketing, corporate insurance, vendor management and oversight of outside Intellectual Property counsel,

Qualifications:

• For Credit Administration and Litigation Counsel, a minimum of 10 years relevant legal experience, and for Assistant General Counsel, a minimum of 15 years of relevant legal experience, in private practice and/or as in-house counsel:
• Hands on and “first chair” experience in providing legal support and advice to financial institutions in connection with the essential functions outlined above, in the context of consumer and commercial real estate loans and business loans, including complex real estate development and construction loans.
• Current and in depth knowledge of statutes, regulations, and case law applicable to the essential functions of this position.
• Licensed to practice law in the state of Washington required.

  Licensed to practice law in other states in which the Company and the Bank do business also preferred, including Oregon, California, and Hawaii.

• In addition to the above, this position requires the attorney to:
  • Be a self-starter, with initiative and self-motivation to identify and take charge of issues as they arise.
  • Have the ability to work effectively and efficiently under pressure and meet deadlines, while maintaining customer service focus and positive attitude.

    This requires excellent organizational and multi-tasking skills, including ability to juggle and prioritize competing demands and responsibilities, and ability to simultaneously manage many projects, ranging from small to large, and simple to complex.

  • Have unquestionable integrity and demonstrated ability to maintain confidentiality in handling sensitive and confidential information.
  • Combine high quality legal advice with a strong dose of common sense and an understanding of business realities and practicalities.
  • Have both the ability and desire to work with others in a teamwork environment and the ability and desire to work independently as appropriate to the particular project.
  • Have excellent communication skills, including listening, speaking and writing, and ability to effectively translate and communicate legal principles into understandable and practical terms.

    This may include training or educational sessions for Bank management and staff.

Mental and Physical Considerations:

• Able to operate a Personal Computer and view information on a monitor.
• Must be able to sit for many hours each day.
• Must be able to communicate via telephone and possess dexterity to include filing document, reaching and bending.
• May be required to stand for extended periods of time.
• Ability to lift or carry up to 10 pounds
• Ability to speak and understand English and express ideas and have difficult conversation in person and over the telephone
• Ability to listen and comprehend speech.
• Ability to problem solve, make decisions, interpret data and information, read, write and organize information in an orderly manner.
• Willing and able to travel occasionally as needed.

Work Environment:

• Normal business office environment.
• Ability to work in artificial light for extended periods of time

This Position Description may not be limited to the Functions and Requirements as outlined, now or in the future.

For example, changes in corporate needs, position demands, or individual performance may result in changes to the Functions or Requirements of this position.

Area

Credit (Corporate)

Posted 2 Days Ago

Full time

R0006882

About Us

Who We Are 

Founded in 1921, HomeStreet Bank offers consumer and business banking, mortgage financing, commercial lending, investment and insurance products and services in the Pacific Northwest, California and Hawaii.

We maintain a shared goal across teams and regions to be the trusted and preferred source of financial services for our clients.

Our drive to achieve this goal begins with trust – in our own abilities and in those who we work with each day.

At HomeStreet, we respect and empower our employees to make decisions that support innovation, and deliver results for customers.

Employees collaborate across teams to make the right decisions, share knowledge, continually move forwards and grow.

We believe in promoting from within to deliver the strongest base of company knowledge, shared experience.

And understanding about how our company has grown and evolved since its founding in 1921.

Our teams reflect motivation, caring and a drive to achieve while having fun and supporting the communities where we live and work.

This is how we deliver value every day.

Work Culture

As a rapidly expanding company, HomeStreet offers many opportunities to learn and grow.

Throughout a period of dramatic growth, we have preserved the tradition of working in cross-functional project teams and promoting advancement across the company.

Whether your interest lies in the banking or lending aspects of our business, if you have a desire to learn, are enthusiastic, perform quality work and have a passion for customer service, you will thrive in this fast paced and fun environment where people respect and help each other.

Diversity and Inclusion

Diversity

HomeStreet is committed to a diverse workplace with employees from a wide range of backgrounds.

We recognize that a more diverse workforce translates to broader perspective and greater understanding, which in turn translates to a greater capacity for customer service.

We focus on recruiting and retaining employees from different backgrounds and who are representative of the people in our communities.

By doing so, we are better able to serve our customers and understand their financial services needs and goals.

Equal employment opportunity is a fundamental HomeStreet belief.

We practice fair and equal treatment for everyone, regardless of race, color, national origin, ancestry, religion, creed, political ideology, gender, marital status, sexual orientation, age, or the presence, history or perception of having any sensory, mental or physical disability, genetic information, or protected veteran status.

In addition, we ensure compliance with federal, state and local laws governing nondiscrimination in employment.

This philosophy applies to all terms and conditions of employment, including hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Employing Individuals with Disabilities

HomeStreet embraces the American with Disabilities Act (ADA) and applicable state and local laws providing for nondiscrimination in employment against qualified individuals with disabilities.

If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment with HomeStreet Bank: Recruiting@homestreet.com.

Come Grow With Us

For more than 90 years, HomeStreet Bank has maintained a strong commitment to ethics, customer service and support of our communities.

Building trust with our customers and employees is at the core of everything we do, and we’re looking for talented and motivated people to join us as we grow and evolve as a company.

We are an equal opportunity employer with a commitment to employee development.

We continually aim to build and maintain a successful team of talented people who feel challenged to do their best every day.

We hire for potential, support personal development, and whenever possible, promote from within.

We offer competitive salaries, benefits, and incentives with the opportunity to give back to the community.

Whether you’re just beginning your career in financial services, or have years of experience, we have a wide range of job opportunities for you to consider.