Loan Workout Officer

Fulton Bank • Lancaster, PA

1d • Hybrid

About The Position

This is a full-time, hybrid career opportunity on our Special Assets Team that can be located anywhere within the Fulton Bank footprint as follows: DC, DE, MD, NJ, PA, VA . Business travel will be required. The primary responsibility of this role is to develop, recommend and implement viable workout plans for Small Business least complex problem commercial loans and commercial mortgages within Fulton Bank. Incumbents in this role will ensure that these accounts are properly monitored for debt repayment or in the alternative, foreclosure or liquidation of assets to minimize or prevent loss or maximize recovery.

Requirements

• 1 or more years Consumer and Commercial lending, Credit or Collections/Default.

Nice To Haves

• Relevant degree pertaining to the essential duties of this role.
• Commercial lending, Credit or Collections

Responsibilities

• Develops and recommends appropriate workout plans on the least complex credits which translates into acceptable payments or in the alternative, moves the account towards foreclosure or liquidation.
• Performs loan reviews of the problem credits with the ability to properly analyze documentation issues, along with awareness of the financial situation.
• Recommends the appropriate course of action to the Workout Officer II and III as well as the Special Assets Regional Manager in handling a problem account.
• Appropriately monitors the progress of workout accounts and recommends any required changes or action necessary to minimize loss or prevent loss.
• Interacts with attorneys and debtors to secure appropriate workout arrangements.
• Recommends accounting changes for nonaccrual and charged off loans.
• Other Duties as Assigned by Manager
• Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

Benefits

• medical plans with prescription drug coverage
• flexible spending account or health savings account depending on the medical plan chosen
• dental and vision insurance
• life insurance
• 401(k) program with employer match and Employee Stock Purchase Plan
• paid time off programs including holiday pay and paid volunteer time
• disability insurance coverage and maternity and parental leave
• adoption assistance
• educational assistance and a robust wellness program with financial incentives

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 501-1,000 employees