Loan Workout Officer

Responsibilities include but are not limited to:

• Lead the end to end management of a portfolio of criticized, classified, and non performing commercial loans.
• Develop and execute strategic and legal action plans for each relationship, for cost effective maximum recovery for the bank.
• Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower‐operating trends.
• Identify emerging risks early and take immediate corrective action to minimize loss exposure.
• Conduct financial, cash flow, collateral, and global exposure analyses to determine the most effective workout strategy.
• Recommend forbearance structures, repayment strategies, liquidations, or exits based on quantitative and qualitative assessments.
• Prepare clear, defensible credit memoranda and recommendations for senior credit authorities.
• Lead negotiations with borrowers, guarantors, and third parties with a firm, disciplined approach that prioritizes the Bank's recovery and risk position.
• Establish performance expectations, enforce compliance timelines, and escalate when borrowers fail to meet requirements.
• Build professional but authoritative borrower relationships that drive transparency and accountability.
• Partner closely with internal and external legal counsel on litigation, bankruptcy, foreclosure, receivership, and other enforcement actions.
• Ensure full adherence to regulatory guidance, including OCC requirements for problem loan oversight, classification accuracy, and documentation integrity.
• Maintain complete and audit ready files, action plans, and system records.
• Provide clear direction and subject matter expertise to internal partners, including credit risk, operations, valuation teams, and senior management.
• Communicate credit deterioration, strategic options, and projected losses with precision and urgency.

Qualifications Required Skills:

• Strong command of commercial credit, financial statement analysis, and collateral valuation.
• Proven experience resolving complex distressed credits and negotiating restructures.
• High level of judgment, assertiveness, and decision making ability.
• Excellent written and verbal communication skills, especially in high stakes borrower and attorney interactions.
• Ability to manage a high volume of criticized relationships while maintaining accuracy, timeliness, and regulatory compliance.
• Ability to use basic computer programs such as Word, Excel, Teams, Zoom and Outlook.
• The ability to review and understand documents such as notes, guaranties, security agreements and mortgages, and the meaning and significance of provisions and terms contained therein.
• Understanding of legal proceedings and terms.
• Excellent organizational skills and the ability to handle multiple projects and deadlines.

Required Experience:

• High School Diploma or GED equivalent and a minimum of 7 years of related experience.

Preferred Experience:

• Bachelor's Degree and a minimum of 5 years' related experience, JD degree or training or experience with legal proceedings such as foreclosures, collections actions and bankruptcies.