Commercial Loan Workout Specialist

What You'll Do

• Evaluates borrower circumstances, identifies risks, and recommends workout strategies.
• Analyzes financial information, repayment capacity, collateral positions, and other relevant factors to support loan restructuring, recovery, or resolution efforts.
• Negotiates and coordinates loan modifications, repayment, forbearance, settlement, or other workout solutions within established authority levels.
• Collaborates with lending partners, legal teams, credit professionals, collection functions, and other stakeholders to develop and implement effective resolution strategies.
• Evaluates collateral, guarantees, equity positions, and other available assets to help reduce organizational exposure and improve recovery outcomes.
• Interprets and applies policies, procedures, regulatory requirements, and servicing standards when managing loan workout activities.
• Maintains monitoring of loan performance, tracks workout plans, and ensures timely completion of required actions, documentation, and follow-up activities.
• Investigates borrower situations, identifies potential obstacles, and recommends practical solutions that balance risk, member or customer needs, and business objectives.
• Serves as a resource for less experienced team members by sharing knowledge, answering routine questions, and assisting with workflow coordination.

Essential Skills Required

• Bachelor's degree in a relevant field, or 4 additional years of relevant experience in lieu of a degree.
• 2 - 4 years of relevant experience, including experience analyzing financial information and evaluating repayment and collateral-related risk.
• Knowledge of loan documentation, workout practices, and applicable regulations.
• Strong analytical and decision-making abilities.
• Effective negotiation and relationship management skills.
• Ability to manage multiple accounts and priorities with limited supervision.
• Strong written and verbal communication skills.
• Ability to interpret policies and apply them to unique business situations.
• Proficiency with loan servicing, collection, and financial systems.