Loan Workout Officer

• Restructure problem loans by implementing an amortization plan based on the borrower's realistic ability to repay.
• Seek alternate means of loan repayment through the liquidation of collateral, when necessary, in an effort to protect the bank's interest.
• Reduce the overall degree of risk associated with Special Asset credits.
• Guide outside counsel in collection strategy in order to maximize recovery.
• Analyze financial statements, loan documents, and collateral to ascertain best collection route.
• Make recommendations to senior management as to risk ratings, accrual of interest and charge-offs.
• Review, analyze and correct any structural or documentation deficiencies and monitor the Bank's collateral position or liquidation of the collateral.
• Frequent interaction with senior management regarding the status of problem loans.

• Working knowledge of and ability to use basic computer programs such as Word, Excel and Outlook.
• Good mathematical skills
• Excellent communication skills both written and verbal.
• Ability to review and understand documents such as notes, guaranties, security agreements and mortgages, and the meaning of provisions and terms contained therein.
• Ability to review and understand financial documents such as personal financial statements, credit reports and tax returns.
• Basic understanding of legal proceedings and terms.
• Excellent organizational skills and the ability to handle multiple projects and deadlines.
• Effective interpersonal skills with management, colleagues, administrative staff, obligors and their advisors, in-house and outside counsel and members of other departments.

Required Experience:

• Bachelor's degree and a minimum of five years related experience, or HIgh School diploma and a minumum of 7 years of experience.
• Valid driver's license.

• JD degree or training or experience with legal proceedings such as foreclosures, collections actions and bankruptcies preferred.