Senior Commercial Loan Recovery Expert

6 days ago


Baltimore, Maryland, United States CFG Bank Full time
Job Summary:

CFG Bank seeks a highly skilled Senior Commercial Loan Recovery Expert to lead and optimize distressed loan portfolios. This role requires a proactive approach to minimize losses and maximize recoveries through expert credit relationship management, asset liquidation oversight, and strategic restructuring.

About the Role:
  • Analyze financial statements, KPIs, and cash flow reporting to develop advanced financial models assessing financial performance, covenant adherence, debt service capacity, and restructuring potential.
  • Conduct in-depth analysis to determine root causes of financial distress and recommend restructuring scenarios, including enterprise valuation assessments.
  • Prepare detailed reports and forecasts regarding borrower performance, rating changes, and charge-off recommendations for senior management and Credit Risk Administration.
  • Develop, document, and implement tailored workout strategies for distressed loans, collaborating with legal, compliance, and portfolio management teams to ensure optimized loan recoveries and regulatory compliance.
  • Create and present high-quality written reports and quarterly updates to senior management and credit committees, outlining progress, remediation strategies, and risk assessments.
Requirements:
  • Bachelor's degree in accounting, finance, economics, or a related field; advanced degrees or certifications.
  • Minimum 7-10 years of experience in wholesale banking credit, credit risk management, or turnaround consulting, with a focus on leveraged finance or distressed assets.
  • Expertise with financial statement analysis, credit underwriting, and loan documentation, with a proven track record in managing distressed loan workouts.
  • Sophisticated quantitative and analytical skills, with advanced proficiency in Microsoft Excel, including financial modeling and scenario analysis.
  • Strong organizational, verbal, and written communication skills, with the ability to present complex financial concepts clearly and concisely.
  • Ability to work independently, think strategically, and drive proactive solutions for complex distressed credit situations.
Benefits:
  • Highest salary: $190,000 - $210,000 per year
  • Employer-provided health benefits, including medical insurance, dental & vision insurance, disability insurance, life insurance, mental health support services, wellness program & free health club membership (for Baltimore-based employees)
  • Paid time off, including vacation days, sick leave, volunteer days
  • Retirement plan, including 401(k) with employer match
  • Discretionary annual bonus and overtime pay for non-exempt positions
About Us:

CFG Bank is an Equal Opportunity Employer committed to ensuring a diverse and inclusive workplace, and all employment decisions are based on merit, qualifications, and business needs.



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