Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Job Description
Job Description
Description : SUMMARY OF JOB :
SUMMARY OF JOB :
The Loan Workout Specialist will be responsible for managing distressed loans and assisting clients in resolving their financial difficulties.
You will analyze the financial situation of borrowers, develop strategies to mitigate risks, and negotiate terms for loan modifications, restructuring, or settlements.
Additionally, this position will collaborate with various internal departments to ensure compliance with regulations and policies while striving to maximize recovery for the bank.
Requirements :
ESSENTIAL JOB RESPONSIBILITES :
JOB REQUIREMENTS :
Education : Bachelor's degree in finance, business administration, or a related field. Advanced degree preferred.
Work Experience : Minimum of 15 years of experience in commercial banking, loan servicing, credit analysis, or a related area, with a focus on loan workouts or distressed asset management.
Licenses / Accreditations : Professional certification (e.g., CFA, CPA, MBA) preferred.
Computer Skills : Proficiency in financial analysis tools and software applications.
Other Requirements : Strong understanding of financial statements, credit analysis, and risk assessment methodologies.
Excellent negotiation, communication, and interpersonal skills.
Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities simultaneously.
Preferred Skills / Experience Sound knowledge of banking regulations, compliance requirements, and legal aspects of loan workouts.
Attention to detail and a commitment to maintaining confidentiality and integrity in all dealings.
The applicant who is selected for this position will be eligible for the following compensation and benefits :
Health savings account. Life insurance.
InBank is an Equal Opportunity Employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential.
We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, or any other characteristic protected by applicable federal, state, or local laws.
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