Special Loan Workout Officer

Responsible for

• Restructuring large and complex, Corporate and Commercial problem loans.
• Independently analyzes loans and determines the most effective strategy (restructurings, forbearances, bankruptcies, etc.) to secure the repayment and/or collection of the debt.
• Negotiates with borrowers and their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements.
• Manages both bilateral and syndicated credits, including negotiating and coordinating workout strategies with participant lenders, borrowers, and key stakeholders.
• May serve as Agent for syndicated credit facilities and lead lender group negotiations.
• Evaluates borrower, sponsor, guarantor, collateral, and market conditions to identify recovery opportunities and formulate loss mitigation strategies.
• Present complex credits and recommended action plans to Senior Management in a concise manner.
• Provides consultation and strategic guidance to internal business line partners regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries.
• Maintains current knowledge of laws, regulations, and rulings related to insolvency, bankruptcy, loan enforcement, and creditor remedies.
• Mentors junior workout professionals.

Qualifications

• Bachelor's degree in Business or related field, Master Degree a plus
• Ten to fifteen years of workout experience with middle market and large corporate loans.
• Prior experience with syndicated credits
• Experience serving as the Agent of syndicated credits
• Experience across a broad spectrum of industries.
• Expert knowledge of specialized lending collections including managing litigation
• Advanced knowledge of commercial lending, loan services and credit policy/procedure
• Advanced knowledge of loan collections and workout, loan processing/documentation and credit analysis
• Excellent problem-solving, negotiating, and decision-making skills
• Strong interpersonal, verbal and written communication skills