Summary
Overview
Work History
Education
Timeline
Generic

Frederick B. Knodel

Miller Place,US

Summary

A collaborative financial services executive with experience leading teams in workout, portfolio management, underwriting, business development and collections. An exceptional communicator and analytical thinker with a proven ability to build consensus and drive strategic results.

Overview

31
31
years of professional experience

Work History

Managing Director - Asset Resolution

Sterling National Bank
Jericho, New York
02.2021 - Current
  • Leads a team of four commercial loan workout officers with a core focus centered on the implementation of risk mitigation and loss prevention strategies for criticized assets in CRE, Multi-Family, C&I and ABL market segments.
  • Co-leads quarterly criticized asset meetings, using industry experience to structure workout strategies designed to reduce the bank's exposure to loss.
  • Consults with line-of-business partners on "at risk" loans and engages in strategy discussions to prevent risk rating degradation.
  • Collaborates with team members and provides tactical support to organize various large scale note sale pools and special projects.
  • Reviews regulatory inquires and responds to questions, comments and recommendations.
  • Maintains a $7.5 million-dollar credit approval authority.
  • Contributes to the teams professional development through training and mentorship.

Director - Loss Mitigation

Pentagon Federal Credit Union
New York, NY
05.2018 - 05.2020
  • Executive responsible for a staff of 22, including 9 direct reports, in the Loss Mitigation Department.
  • Managed teams in Loan Servicing, Underwriting, Loan Participations, Financial Operations, Member Services and Loan Documentation Departments for an $800 million dollar distressed commercial loan portfolio.
  • Led bi-monthly loan pipeline discussions with underwriting staff, set attainable objectives, and followed through for desired results.
  • Developed the underwriting team's credit analysis and negotiation skills through repeated hands-on training on implementing successful loss mitigation strategies.
  • Designed a multi-point scorecard to gauge productivity and bring ownership and accountability to the team.
  • Navigated a 41% decline in post-merger staffing and realigned teams to meet ongoing business needs.
  • Managed re-marketing activities for foreclosed assets and leveraged a network of professional relationships to maximize recovery potential.

Senior Director - Credit Risk & Analytics

Capital One, N.A.
Melville, NY
05.2015 - 05.2018
  • Led a team of 2 relationship managers in all front line communications with participants, servicers and direct borrowers for a $1 billion dollar distressed commercial loan portfolio.
  • Developed workout strategies and negotiated loan restructures focused on collateral enhancement opportunities designed to mitigate losses, minimize legal expenses, and maximize recoveries.
  • Negotiated and closed 600 modifications in 3 years, including more than $80 million dollars in additional collateral enhancements.
  • Implemented and led a bi-weekly deal review committee created to streamline the loan approval process and ensure stakeholders were aligned on timing and recommendations presented.
  • Leveraged industry intelligence gathered via a network of contacts to gauge changing market dynamics and refine the strategic vision.
  • Presented ongoing strategies to senior leadership through quarterly risk management meetings.
  • Responsible for treasury management and depository relationships within the department.

Commercial Sales Team Leader - Senior Vice President, Specialized Lending

BankUnited, N.A.
Melville, NY
05.2013 - 05.2015
  • Helped to create the Specialized Lending Department and established policies and procedures in accordance with the regulatory framework.
  • Managed a sales team of 2 professionals which generated $230 million dollars in new loan growth in less than two years.
  • Responsible for day-to-day leadership, adherence to the department's commercial lending goals, and establishing lending thresholds, collateral valuations and credit risk management guidelines.
  • Prepared monthly portfolio summary reports that dissected all facets of the line of business, including key portfolio metrics, stress testing, refinance risk, industry risk and profitability analysis.
  • Maintained strong credit discipline and conservative underwriting practices, resulting in portfolio asset quality that was well-positioned compared to peer banks.

Director, Special Assets

Capital One, N.A. (successor by merger to North Fork Bank)
Melville, NY
06.2007 - 05.2013
  • Responsible for managing a $100 million dollar loan portfolio of criticized assets within the bank's Middle Market Lending Division.
  • Managed criticized credit exposures in Commercial Real Estate, Small Business, Specialty Finance and Dealer Services for 3 years before the department was realigned by specific market segment.
  • Negotiated loan restructures and workouts, facilitated note sales, evaluated credit risk, identified structural weaknesses, and developed action plans to mitigate losses and maximize recoveries.
  • Conducted comprehensive analysis to ensure lending relationships were properly risk rated and established loss reserve thresholds in accordance with FASB guidelines.
  • Participated in bi-quarterly risk management meetings, and presented ongoing strategies, recent developments and projected loss forecasts to senior level management for criticized assets within the Special Assets portfolio.

Vice President, Specialized Lending

North Fork Bank
Melville, NY
06.2001 - 06.2007
  • Prepared full-service credit proposals and underwrote floor plan lines of credit for automotive dealerships in the Northeast Region, including credit exposures between $5 and $50 million dollars.
  • Provided detailed assessments, highlighting all components of the credit package, including financial analysis, industry trend, debt service coverage, collateral coverage, risk assessment and floor plan audit performance.
  • Attended committee meetings and presented rationale for credit decisions to senior management.

Dealer Services Supervisor

PRIMUS Financial Services
Hauppauge, NY, Mahwah, NJ
01.1997 - 06.2001
  • Managed a lending team of 5 for all facets of commercial lending operations.
  • Completed detailed financial analysis and prepared recommendations on the feasibility of granting credit accommodations to automobile dealerships in the tri-state area.
  • Managed all inventory audit functions, including the scheduling, clearance and follow-up discussions with key dealership personnel in connection with audit performance issues.

Commercial Lending Supervisor

General Motors Acceptance Corporation
Uniondale, NY
01.1993 - 01.1997
  • Completed dealer reviews for 25 automotive dealerships in the New York area.
  • Managed the scheduling, collections and clearance of all wholesale inventory audits.
  • Performed underwriting functions for dealer-related mortgages, working capital loans and revolving lines of credit.
  • Managed the sale of off-lease vehicles via a vast network of dealer relationships.

Education

Bachelor of Science - Business Administration, Marketing

State University of New York College At Brockport
Brockport NY

Timeline

Managing Director - Asset Resolution

Sterling National Bank
02.2021 - Current

Director - Loss Mitigation

Pentagon Federal Credit Union
05.2018 - 05.2020

Senior Director - Credit Risk & Analytics

Capital One, N.A.
05.2015 - 05.2018

Commercial Sales Team Leader - Senior Vice President, Specialized Lending

BankUnited, N.A.
05.2013 - 05.2015

Director, Special Assets

Capital One, N.A. (successor by merger to North Fork Bank)
06.2007 - 05.2013

Vice President, Specialized Lending

North Fork Bank
06.2001 - 06.2007

Dealer Services Supervisor

PRIMUS Financial Services
01.1997 - 06.2001

Commercial Lending Supervisor

General Motors Acceptance Corporation
01.1993 - 01.1997

Bachelor of Science - Business Administration, Marketing

State University of New York College At Brockport

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Frederick B. Knodel