Workout Officer II

Overview

This role delivers proactive management of a substandard portfolio of 10 to 15 C&I loans to minimize credit losses, ensure return matches risk, and, where possible, return customers to a satisfactory rating. The position involves working in a high-paced environment focused on retaining clients and resolving complex credit issues.

Responsibilities

• Proactively manage a portfolio of 10 to 15 C&I loans, including substandard credits
• Work alongside a team leader to devise strategies for troubled loan relationships
• Negotiate and structure transactions
• Obtain credit approval and document transactions accordingly
• Perform financial analysis and enterprise value assessment
• Analyze market dynamics affecting C&I credits
• Maintain all required internal and external reporting

Requirements

• 5+ yrs of Commercial Banking Experience in a C&I environment
• 5+ yrs experience in loan documentation and relevant Uniform Code and Bankruptcy considerations
• Ability to adapt to a high paced and challenging work environment
• Highly developed ability to persuasively present the Bank’s thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits
• Excellent math and analytical skills
• Excellent communication skills (oral and written)
• Excellent time management skills
• Bachelor’s degree required

Preferred Qualifications

• Not specified

Compensation & Benefits

• Salary range: $164,000– $215,000 per year
• Opportunity to earn additional incentive earnings (if applicable)
• Actual pay is based on various factors including, but not limited to, the budget, work location, and relevant skills and experience
• Comprehensive medical, dental and vision coverage
• Retirement benefits
• Maternity/paternity leave
• Flexible work arrangements
• Education reimbursement
• Wellness programs and more
• Note: paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States

Location

Location flexible for the right applicant.

Work Schedule

• Hours per week: 40
• Work schedule: Monday–Friday

Background Check

Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results are individually reviewed based on legal requirements imposed by regulators and with consideration of the nature and gravity of the background history and the job offered.