SAG Workout Officer III-Remote

Overview

This role supports the orderly liquidation/exit and rehabilitation of large and complex credits with a high dollar impact to the organization. You will partner with the Portfolio Manager to monitor credits and develop and execute strategic plans designed to maximize returns.

Responsibilities

• Assist with the collection of past due accounts.
• Formulate and execute exit strategies on large and complex administrative loans.
• Recommend and negotiate the best course of action on large and complex Administrative Loans.
• Collaborate with Portfolio Managers to obtain necessary financial information to track financial covenants, exceptions, and approvals.
• Work closely with the Wholesale Line of Business on potential trouble credits.
• Identify potential losses on administrative credits.
• Complete required reporting, such as ALSR's on administrative credits.
• Maintain adequate credit/collateral files.
• Identify when legal counsel is required based on transaction complexity.
• Serve as a coach and mentor to junior workout officers.
• Attend Admin Loan Meetings to present collection updates and strategy.
• Perform other duties as assigned.

Risk & Customer Focus

• Openly exchange ideas and elevate concerns while following policies and procedures.
• Ensure actions and behaviors support a positive customer experience.
• Identify, assess, manage, monitor, and report risks of all types while operating within the organization’s risk appetite.

Requirements

• Bachelor’s Degree in accounting, finance or economics preferred or equivalent work experience required.
• Typically requires 8–10 years of workout or related banking experience.
• Deep understanding of credit policies, procedures, and decisioning tools.
• Knowledge of bankruptcy law and related legal proceedings.
• Strong oral and written communication and negotiation skills.
• Ability to access, analyze, and recommend the best course of action in difficult credit situations.
• Analytical and problem-solving skills.
• PC proficiency with Windows-based word processing and spreadsheet applications.

Preferred Qualifications

• Bachelor’s Degree in accounting, finance or economics.

Compensation & Benefits

• Total Base Pay Range: $96,500.00 – $207,500.00 USD Annual.
• This role is eligible to participate in an incentive compensation plan, with payment based upon organizational, line of business and/or individual performance.
• Comprehensive benefits programs supporting physical, financial, emotional, and social well-being.

Location

• Virtual, Ohio 00000

Working Conditions

• Normal office environment with little exposure to dust, noise, temperature, and the like.
• Extended viewing of a CRT screen.
• Travel required.