Banks , is now hunting for managers of non-performing loans

The new profession specializes in the management of financing to be scrapped ( impaired loans ) . The Italfondiario Group , one of the major industry players , has launched an ” Academy ” to train specialized managers, and opens up new applications
The bank loans are increasingly a subject in the foreground and the Italian market for so-called non-performing loans (NPL) is increasingly active. Growing, therefore, the need for a new profession specializing (Asset Manager), able to better manage the portfolios of non-performing loans. For this the Italfondiario Group, one of the main operators in Italy in the management of NPL with over 533,000 loans managed for a value of 43.1 billion euro, created in 2012 the Academy, an internal training course to the Company to identify potential future Asset Manager.

Thank the Academy, Italfondiario has already hired more than 80 resources. the fourth), the selection is aimed at recent graduates who will have the opportunity to do training and “training on the job” flanked by the Asset Manager in recent days has begun the phase of recruiting for the 2016 edition of Italfondiario Academy (of Italfondiario.

The Asset Manager is a key figure specializing in the management of NPL portfolios, which works to ensure the enhancement of the loans entrusted by banks and investors. Training of selected candidates focuses on specific activities: analysis of positions in management and planning of the recovery strategy, valuation of real estate collateral, coordination of independent legal counsel, due diligence of new portfolios and reporting. The participants, possibly residing in Rome, must be in possession of a degree in law (with minimum grade 104/110), have completed a period of practical training in the field of civil law, and preferably having achieved the title of lawyer.

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