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Commercial Loan Workout Specialist
2 months ago
About IDB Bank
IDB Bank is a leading financial institution that has been serving its clients for over 70 years. Our mission is to provide exceptional service and support to our customers, and we are committed to being the best bank for our clients.
Job Summary
We are seeking a highly skilled and experienced Commercial Loan Workout Specialist to join our team. As a Commercial Loan Workout Specialist, you will be responsible for managing a portfolio of performing, non-performing, and charged-off problem loans, while maintaining adherence to Department, Compliance, and Bank policies.
Key Responsibilities
- Manage a portfolio of assigned accounts, including performing and non-performing loans, as well as shadow potential problem loans handled by other account executives in corporate lending.
- Prepare reports for Department Manager and Senior Management of the Bank.
- Maintain adherence to Compliance and Bank policies.
Requirements
- 10+ years of C&I work-out experience, including some CRE workout experience.
- 10 years of commercial lending experience.
- Extensive experience working out problem loan situations.
- Knowledge of loan documentation, workout procedures, including repossessing assets, foreclosure, asset sales, and legal requirements.
- Ability to prepare comprehensive management reporting and have good oral and written skills.
- Demonstrated knowledge of and personal contacts with turnaround professionals.
- Good communication, analytical, and writing skills.
- Strong problem-solving skills.
- Degree in Business or higher.
- Knowledge of MS Word and Excel.
Compensation and Benefits
The expected annual salary for this position is between $200,000 and $230,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual's skills and experience. In addition to base salary, our total rewards package includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.
Equal Employment Opportunity
IDB Bank is an equal employment opportunity employer and provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment, or any other legally protected category in accordance with applicable federal, state, and local law.
