Special Assets Group Workout Officer

Bachelor’s Degree in accounting, finance or economics preferred or equivalent work experience required
Typically requires 10 years workout or related banking experience
Deep understanding of credit policies, procedures and decisioning tools
Knowledge of bankruptcy law and related legal proceedings
Requires strong oral, written communication, and negotiation skills
Ability to access, analyze and recommend the best course of action in difficult credit situations
Possess analytical and problem solving skills
PC proficiency with Windows based word processing and spreadsheet applications

Collection of past due accounts
Formulate and execute exit strategies on the largest and most complex administrative loans
Recommend/Negotiate best course of action on the largest and most complex Administrative Loans
Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
Work closely/assist the Wholesale Line of Business on potential trouble credits
Identification of potential loss on administrative credits
Complete required reporting; such as ALSR’s on administrative credits
Maintain adequate credit/collateral files
Identify when legal counsel is required given transaction complexity
Serve as coach and mentor to junior workout officers
Attend Admin Loan Meetings to present collection update and strategy
Other duties as assigned