Commercial Loan Workout Officer

Centier Bank•Merrillville, IN

1d•Hybrid

About The Position

Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well. A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results. What are our values? Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun....who wouldn't want to work for an AWARD-WINNING company that's built on these pillars? What about the perks? Access to our Marathon Health Clinics which provide FREE visits & prescriptions, Generous Paid Time Off benefit, Tuition Reimbursement, 401K match, Associate Stock Ownership Plan, Daycare Reimbursement, FREE Onsite Fitness Center/Fitness Reimbursements, Health and Wellness Programs, the ability to have a voice with our Diversity/Equity/Inclusion Council, Career Growth, Work/Life Balance, AND MORE. This position will be based out of our Corporate Centre in Merrillville, IN. Onsite expectations would be 4 days per week with the flexibility to work 1 day from home. Department hours are Monday-Friday 8:00-5:00 CST. Summary: As a member of the Credit Risk Management team within the Credit Administration Division, the Commercial Loan Workout Officer position reports to the Manager of Credit Risk Management. Essential Duties and Responsibilities: Primary responsibilities the successful management of a portfolio of assigned substandard, special mention, watch, and pass rated commercial loan accounts, and ORE. Will manage a portfolio of distressed loans or relationships up to $1,000,000 and performing loans or relationships up to $1,500,000. Requires the development, negotiation, and documentation of loan renewal and modification agreements, forbearance agreements, and legal strategy in collaboration with bank counsel. Measurements include demonstrated reductions in distressed loans, credit risk, credit losses, and achieved recoveries. The position assists senior commercial workout officers and completes credit risk reviews as assigned. The position works closely and collaborates with all Credit Risk Management staff. The position works directly with those including borrowers, lenders, operations staff, documentation staff, credit analysts, attorneys, property managers, and real estate brokers. Requires completion and maintenance of customary and additionally determined necessary due diligence in compliance with bank policies and guidelines. Some travel is required. Travel requirements are primarily local. Occasional regional travel may be required.

Requirements

Requires effective organizational, time management, multi-tasking, and problem-solving skills.
Excellent written and verbal communication skills are required.
Proven experience in collateral analysis along with commercial loan documentation experience required.
Bachelor’s degree with concentration in business, finance, or accounting preferred. Additional Bachelor’s degree concentrations considered in relation to past and present experience, responsibilities, continuing education, and certifications. Associate degrees with progress toward bachelor’s degrees considered similarly.
2 to 3 years of prior commercial workout experience or a combination of prior commercial lending, credit underwriting, portfolio management, financial analysis, documentation, examination, audit, compliance, and SBA experience considered.

Nice To Haves

Individuals in existing roles including commercial loan portfolio managers, commercial credit analysts, commercial small business lenders, SBA lenders, commercial loan reviewers, and commercial loan administrators are encouraged to apply.
Continued education is supported.
Opportunities for growth and advancement within Credit Risk Management, Credit Administration, and career pathing among at least commercial lending, credit risk management, audit, and compliance departments are available.

Responsibilities

successful management of a portfolio of assigned substandard, special mention, watch, and pass rated commercial loan accounts, and ORE
manage a portfolio of distressed loans or relationships up to $1,000,000 and performing loans or relationships up to $1,500,000
development, negotiation, and documentation of loan renewal and modification agreements, forbearance agreements, and legal strategy in collaboration with bank counsel
assists senior commercial workout officers and completes credit risk reviews as assigned
works closely and collaborates with all Credit Risk Management staff
works directly with those including borrowers, lenders, operations staff, documentation staff, credit analysts, attorneys, property managers, and real estate brokers
completion and maintenance of customary and additionally determined necessary due diligence in compliance with bank policies and guidelines