SAG Workout Officer IV

General Function

Works in the Special Assets Group Corporate & Investment Banking Vertical Specialty Lending team to assist and direct in the orderly liquidation/exit and rehabilitation of the very large and complex credits with a high dollar impact to the organization. Collaborates with the Portfolio Manager to maintain portfolio by monitoring credits to formulate and drive strategic plans to maximize the returns to the Bank.

Essential Duties And Responsibilities

• Collection of past due accounts
• Formulate and execute exit strategies on the largest and most complex administrative loans
• Recommend/Negotiate best course of action on the largest and most complex Administrative Loans
• Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
• Work closely/assist the CIB Verticals on potential trouble credits
• Identify potential loss on administrative credits
• Complete required reporting; such as ALSR's on administrative credits
• Maintain adequate credit/collateral files
• Identify when legal counsel is required given transaction complexity
• Serve as coach and mentor to junior workout officers
• Attend Admin Loan Meetings to present collection update and strategy

Supervisory Responsibilities

None.

Minimum Knowledge, Skills And Abilities Required

• Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required
• Typically requires 10 years workout or related banking experience
• Deep understanding of credit policies, procedures and decisioning tools
• Knowledge of bankruptcy law and related legal proceedings
• Strong oral, written communication, and negotiation skills
• Ability to access, analyze and recommend the best course of action in difficult credit situations
• Possess analytical and problem solving skills
• PC proficiency with Windows based word processing and spreadsheet applications

Total Base Pay Range

121,900.00 - 262,100.00 USD

Working Conditions

Normal office environment with little exposure to dust, noise, temperature and the like. Extended viewing of a CRT screen. Travel Required: SAG Workout Officer IV

Location

Cincinnati, Ohio 45202