Commercial Loan Workout Officer
1 week ago
Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen or Laredo, TX. The position is responsible for meeting with clients, performing collections calls and/or correspondence in a goal-oriented environment on delinquent C&I, CRE and SBA borrowers.
This opportunity has a base salary of up to $90K generous bonus and full benefits package. Some travel required.
Commercial Loan Workout Officer responsibilities include:
- Providing portfolio management of assigned commercial customers.
- Working with assigned portfolio clients to coordinate the accumulation of all information required to perform reviews.
- Communicating regularly and effectively with borrowers that are seriously delinquent to identify and counsel them on the best workout options available.
- Reviewing loan files to ensure the completeness of the file and that all collateral has been secured properly.
- Negotiate workouts with all involved parties (borrowers, guarantors, SBA, and any other participants, etc.) from initial workout request to final close of workout.
- Preparing credit presentations/memos as appropriate related to portfolio clients including financial and collateral analysis.
- Recommending risk rating changes as appropriate.
- Providing customer service regarding collection issues.
- Researching delinquent accounts including documentation and file review and coordinate the optimum method to ensure receipt of payments.
- Resolving customer discrepancies and short payments.
- Ensuring through constant monitoring the potential accounts that could become non-accruing and/or require specific reserve allocations through the impairment process are identified and managed.
- Ensuring all credit and collection policies, procedures, practices, and documentation meet federal and state regulations.
- Performing other duties or special projects as required or as assigned.
Requirements
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
- Bachelor’s degree in business administration, Finance, Accounting, or related field.
- Four or more years of Portfolio Manager experience in managing commercial loan accounts, preferably SBA loans.
- Advanced knowledge of SBA loan structuring, underwriting, documentation, credit, and credit risk management.
- Experience in identifying documentation risks, addresses, and /or negotiating them to resolution as well as determining when to elevate risk situations to the appropriate individuals.
- Formal Credit Training is preferred.
- Highly accurate data entry skills and strong level of skill working with a variety of PC and internet applications, including Excel, Word, and PowerPoint and the ability to navigate key industry specific Internet sites.
- Strong multi-tasking, time management, thoroughness, and accuracy skills required.
- Solid communication and organizational skills with focus on teamwork and cooperation.
- A high level of confidentiality is required.
- Working knowledge of federal and state banking regulations.
- Ability to work under deadlines with frequent interruption.
Benefits
This opportunity has a base salary of up to $90K generous bonus and full benefits package. Some travel required.
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