Loan Workout Team Leader

About the role

The Loan Workout Team Leader manages a staff of workout officers and provides guidance in managing their respective portfolios, while directly managing a workout portfolio consisting primarily of complex litigation matters.

Responsibilities

• Supervise assigned workout officers and support staff.
• Guide workout officers in managing their portfolios by reviewing proposed courses of action, facts, and considerations, and suggesting alternate approaches where appropriate.
• Maintain a workout portfolio of complex litigation matters involving loans with substantial balances, difficult-to-evaluate collateral, or real property burdened with multiple tenants, past-due taxes, tax liens, or environmental issues.
• Restructure problem loans by implementing amortization plans or forbearance agreements based on the borrower's ability to repay, the Bank's legal position, and potential recovery from collateral or guarantors.
• Seek alternative means of loan repayment through foreclosure or collateral liquidation when legal remedies are likely to result in greater recovery.
• Reduce the overall risk associated with Special Assets credits.
• Guide outside counsel in collection strategy to maximize recovery, including discussing legal avenues and expectations, and proposing options in response to developments.
• Analyze financial statements, loan documents, and collateral to determine the best collection route based on legal strength, available remedies, and borrower cooperation.
• Make recommendations to senior management regarding risk ratings, interest accrual, and loan write-downs or charge-offs.
• Review, analyze, and correct structural or documentation deficiencies, and monitor the Bank's collateral position or liquidation.
• Maintain frequent interaction with senior management regarding the status of problem loans.

Requirements

• Bachelor's degree.
• Minimum of 8 years of related work experience involving regular interaction with outside counsel in workout or commercial litigation matters for CRE, C-I, and ABL credits.
• Supervisory experience, including managing direct reports.

Skills

• Proficient understanding of the legal process related to foreclosure and recovery of commercial loans.
• Excellent written and verbal communication skills.
• Developed supervisory skills.
• Ability to organize, prioritize, and delegate assignments.
• Proficient in Microsoft Word, Excel, and Outlook.
• High level of interpersonal and social skills.
• Good mathematical skills.
• Ability to handle multiple projects simultaneously.

Preferred Qualifications

• Juris Doctor degree.