Credit Risk Specialist

7 days ago

Birmingham, Alabama, United States Altec Industries Full time
Job Title: Credit Risk Specialist

Altec Capital Services (ACS), a division of Altec, is seeking a Credit Risk Specialist to join our team in Birmingham, AL.

Job Summary:

The Credit Risk Specialist will be responsible for administering all aspects of risk on distressed commercial loans and leases, working to maximize recovery and minimize losses.

Key Responsibilities:
  • Continuously monitor and manage existing problem loans/leases, preparing detailed action plans, exposure management strategies, and account-related administrative duties.
  • Analyze financial or operational performance of companies facing financial difficulties to identify or recommend remedies.
  • Collaborate with internal departments (e.g., Credit, Legal, and Operations) leading coordination with external parties (e.g., legal advisors, accountants, and participating banks).
  • Prepare periodic reports and information pertaining to the account for senior management, including progress on workout strategies, recovery prospects, and evolving risks.
  • Identify and assess risks associated with distressed loans/leases, developing risk mitigation strategies to minimize potential losses.
  • Stay informed and evaluate business and market trends that may affect portfolio performance.
  • Prepare materials for internal audits and external audits.
  • Proactively escalate operational risk and loss events to management if applicable.
  • Review and approve amendments and assist with leading the preparation of credit documentation.
  • Develop and implement strategies for loan/lease restructuring and workout plans.
Requirements:
  • Bachelor's degree in Finance, Accounting, or Economics.
  • Four plus years' experience at a commercial lending institution in loan workout or related areas within the banking/finance industry.
  • Proficiency in financial modeling, analyzing financial statements, tax returns, cash flow statements, and credit reports.
  • Extremely detail-oriented.
  • Knowledge of risk management practices and an understanding of market trends and economic indicators.
  • Proficiency in using financial analysis software and Microsoft Office Suite, particularly Excel.
  • Demonstrated strong communication skills.
  • Demonstrated ability to manage time and meet deadlines.
  • Strong leadership qualities and demonstrated leadership experience.
  • Ability to work independently.
  • High level of initiative and works well in a team environment.
  • Must handle stress and deadlines well.
  • Able to prioritize and handle multiple tasks while ensuring quality work.
  • Relies on experience and judgment to plan and accomplish goals.
  • Works with minimal direction.
Benefits:

Altec Industries, Inc. and its affiliates are equal opportunity employers and maintain affirmative action plans to recruit, retain, develop, and promote qualified individuals without unlawful consideration of race, gender, color, religion, sexual orientation, gender identity, national origin, age, disability, citizenship status, veteran status, or any other characteristic protected by federal, state, or local law.

Altec strives to maintain a work environment free from unlawful discrimination and harassment, where associates are treated with respect and dignity.

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