Loan Workout Specialist

ESSENTIAL DUTIES & RESPONSIBILITIES

• Maintains regular monitoring of delinquent commercial and/or consumer loans.
• Collaborates with officials from lending and borrowing institutions to restructure credit and repayment terms.
• Manages multiple complex and intricate troubled credits and relationships.
• Develops and implements strategies to recover principal from borrowers who have charged off non-performing loans.
• Reviews assigned files and creates a plan of action based on Bank and external policies and regulations.
• Collects and incorporates pertinent information into the department's working and bank files.

SUPERVISORY RESPONSIBILITIES

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE

• Bachelor’s degree preferably in Business Administration, Finance, or Accounting.
• 6 years of relevant experience in credit and/or collections required.
• Knowledge of sound credit, underwriting, and collateral recovery methods and procedures.
• Knowledge of tax, legal, and Bank credit/loan policy.
• A thorough understanding of the legal system relating to loan collections.
• Ability to prevent losses and turn around non-performing credits.
• Ability to understand large and complex loans.
• 1+ years of supervisory experience preferred.

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS

• Ability to travel if required to perform the essential job functions.
• Work under stress and meet deadlines.
• Operate related equipment to perform the essential job functions.
• Read and interpret documents if required to perform the essential job functions.
• Lift/move/carry approximately 10 pounds if required to perform the essential job functions.