Loan Workout Specialist 4

ESSENTIAL DUTIES & RESPONSIBILITIES

• Maintains oversight of delinquent loans and collaborates with management to restructure repayment terms.
• Collaborates with lending and borrowing institutions to assess and resolve credit issues and improve collateral positions.
• Manages multiple complex and challenging loan relationships, developing and implementing recovery strategies.
• Analyzes and implements plans based on Bank and external policies and regulations.
• Coordinates legal activities related to assigned files, including reviewing and evaluating appraisals and environmental reports.
• Prepares and presents watch list reports for review by loan and asset review committees.
• Engages with clients, advisors, attorneys, and CPAs to address loan issues and develop solutions.
• Communicates and coordinates with various departments to facilitate interactions.
• Supports loan officers and managers in addressing account deterioration and adjusting plans of action.
• Complies with applicable banking and industry-related laws and regulations, including the Bank Secrecy Act.

SUPERVISORY RESPONSIBILITIES

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE

• Bachelor’s degree in Business Administration, Finance, or Accounting preferred.
• At least 6 years of relevant experience in credit and/or collections.
• Knowledge of credit, underwriting, and collateral recovery methods and procedures.
• Understanding of tax, legal, and Bank credit/loan policies.
• Thorough knowledge of the legal system related to loan collections.
• Ability to prevent losses and rehabilitate non-performing credits.
• Experience in supervising others (equivalent to 1+ years).

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS

• Ability to travel if required.
• Capacity to handle stress and meet deadlines.
• Use of related equipment to perform job functions.
• Reading and interpreting documents as needed.
• Ability to lift, move, and carry up to 10 pounds.