Senior Credit Workout Officer IV
northwest bankColumbus, OH
Senior Credit Workout Officer IV
Other Activities Related to Credit IntermediationCommercial BankingSavings Institutions and Other Depository Credit Intermediation
Overview:
As Senior Credit Workout Officer IV, you guide complex workout and exit decisions for selected credits. You work closely with borrowers, management teams, and loan officers to evaluate plans and determine the best course of action. You will structure and negotiate workout plans, coordinate foreclosures when needed, and ensure robust documentation and compliance. You drive risk mitigation and protect portfolio value through disciplined analysis and collaboration. This role offers meaningful impact in shaping loss mitigation strategies within a seasoned credit recovery team.
Responsibilities:
Ensure integrity of loan documentation Review loan documents to confirm collateral perfection Analyze financial statements Identify and resolve problems / issues in credits Prepare workout/exit plan documentation and discussions of credit grades Monitor collection activity and bankruptcies, and obtain judgments Establish and coordinate workout or exit plans with borrowers and professionals Coordinate foreclosures and liquidation of assets with staff and counsel Prepare quarterly loan portfolio reviews and recommend policy improvements Build relationships with internal customers and maximize technology tools Ensure compliance with policies, procedures, and regulations
Key requirements:
Bachelor's Degree in business / accounting or finance 8-12 years of experience in commercial lending including special assets, loan review, credit and/or lending Ability to establish effective working relationships and solve problems in a team setting Strong written and oral communication skills, including documenting agreements and conversations Ability to work with minimal supervision and exercise independent judgment Good organizational skills and data analysis capabilities Experience analyzing bankruptcy, foreclosures, and repossession team player effective communication active listening problem solving Microsoft Office department-specific software
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Level
Senior L5
Location
Columbus, OH
Occupation
Loan Officers
Industry
Other Activities Related to Credit Intermediation
Posted
yesterday