Loan Workout Rel Mgr. IV
About The Position
Manage a portfolio of pass-rated “exit,” criticized, classified, non-performing, and/or charged-off credit relationships, including SBA loans and other government-guaranteed loans of moderate complexity with potential for adversarial litigation. Minimize charge-offs and maximize recoveries by collaboratively developing and implementing workout, restructuring, liquidation, and/or exit plans. Build positive relationships with customers, line-of-business personnel, and internal and external professionals; negotiate skillfully, fairly, and ethically; communicate clearly; and comply with corporate guidelines. The role reviews loan and borrower information to assess risk, repayment capacity, repayment sources, and recovery potential. It develops and implements strategies for problem loans, works with collateral-related professionals and bank counsel, maintains constructive interactions with regulators, and provides workout advice on accounts within the line of business. The position also supports continuous improvement, participates in community service and Quarterly Asset Quality Reviews, and periodically travels to meet clients or view collateral. The position reports to a Loan Workout Team Lead and/or the Loan Workout Regional Manager. Training includes systems/database training as needed and on-the-job training. The listed location is TBD; the posting also identifies 1675 Broadway, Denver, Colorado. Key prioritizes in-office presence while offering flexible options when work can be performed effectively in a mobile environment.
Requirements
- High school diploma or equivalent.
- Four to five years of related experience.
- Four to five years of financial statement analysis experience.
- At least five years of bankruptcy/workout experience.
- Excellent oral and written communication skills.
- Demonstrated ability to assess credit risk.
- Strong negotiation and interpersonal skills.
- Expertise with Microsoft Office, including Office and Excel operating systems.
- Knowledge of commercial credit products and loan documentation.
- Knowledge of creditors’ rights, collection practices, and bankruptcy.
- Knowledge of compliance and ability to follow relevant compliance procedures.
- Ability to assess risk and negotiate complex deals with potential litigation involving $1 million or more.
Nice To Haves
- Undergraduate degree in accounting, finance, or a related field.
- Knowledge of SBA standard operating procedures and regulations.
- Working knowledge of Key Bank policies, procedures, and regulations.
Responsibilities
- Manage a portfolio of pass-rated exit, criticized, classified, non-performing, and charged-off credit relationships, including SBA and other government-guaranteed loans.
- Review and analyze loan documentation, financial statements, and other loan and borrower information to assess risk, repayment capacity, repayment sources, and potential recovery.
- Develop, recommend, and implement workout and liquidation strategies for problem loans to mitigate risk and maximize recovery.
- Collaboratively develop and implement workout, restructuring, and exit plans to minimize charge-offs and maximize recoveries.
- Maintain constructive interactions with regulators.
- Work with appraisers, environmental consultants, auctioneers, real estate brokers, and property managers to maximize returns on collateral-secured loans.
- Work with bank counsel cost-effectively to achieve desired results.
- Provide workout advice on accounts within the line of business that need support.
- Adhere to departmental and corporate guidelines, policies, and compliance procedures.
- Support departmental continuous improvement efforts.
- Periodically travel to meet clients or view collateral.
- Participate in community service activities.
- Participate in the Quarterly Asset Quality Review process and produce timely documentation.
- Provide timely and accurate reporting, meet deadlines, and prepare concise and complete write-ups.
Benefits
- Eligible for incentive compensation, which may include production, commission, and/or discretionary incentives.
- A benefits list is available in the posting for which the position is eligible, but the benefits are not specified in the supplied text.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
High school or GED
