Cynthia Kos

Experience

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  NewAlliance Bank

  Jan 1995 - May 2006

  Commercial Workout Officer

  Evaluated credit risk, developed and implemented strategies to mitigate loss, minimize expenses and improved credit quality of commercial loans.Assisted in commercial asset disposition.Managed the collection of commercial accounts.Managed loans in foreclosure and bankruptcy.Worked closely with attorney for loans in litigation.

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  Travelers Insurance

  May 2006 - Jun 2014

  Claim Executive

  After claim was settled, ensured that all potential sources of recovery were identified.Selected and utilized outside counsel and collection vendors in pursuit of recovery in order to maximize net recovery. Assessed cost to benefit of recovery effort.Provided direction in settlement process and when appropriate, actively participated in settlement negotiations, mediation or arbitration.Tracked criminal proceedings; worked closely with prosecutors, insureds, probation officers to ensure protection of surety's rights and receipt of restitution payments.Aggressively managed litigation expenses through early strategic direction setting and budgeting.Analyzed bank product claims to determine if there was coverage on the policy and advised claim handler on coverage issues.Conducted training session with new claim handlers on role of the Recovery Unit. Show less

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  People's United Bank, N.A.

  Jun 2014 - Mar 2020

  Vice President- Loan Resolution Department

  Position eliminated as a result of the acquisition of United Bank by Peoples United Bank. Did workouts on commercial loan portfolio. Worked closely with attorneys on loans in litigation/bankruptcy. Participated in mediation, foreclosure and arbitration actions. Analyzed credit and loan documentation to develop resolution strategy for delinquent loans. Negotiated repayment terms with companies and individuals. serviced SBA loans and submitted SBA claims.Managed OREO properties. Show less

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  Webster Bank

  Oct 2022 - now

  Director, Commercial Loan Workouts