Loan Workout Specialist 4

Hancock Whitney Bank•New Orleans, LA

28d

About The Position

Loan Workout Specialists monitor delinquent commercial and/or consumer loans and advise, restructure/rehabilitate, collect, recover, convert and/or liquidate assets (usually adversely classified) assigned by management to limit losses.

Requirements

Bachelor’s degree preferably in Business Administration, Finance, or Accounting
6 years of relevant experience in credit and/or collections required
Knowledge of sound credit, underwriting, and collateral recovery methods and procedures
Knowledge of tax, legal, and Bank credit/loan policy
Thorough understanding of the legal system relating to loan collections
Ability to prevent losses and to turn around non-performing credits
Ability to understand large and complex loans
Ability to travel if required to perform the essential job functions
Ability to work under stress and meet deadlines
Ability to operate related equipment to perform the essential job functions
Ability to read and interpret a document if required to perform the essential job functions
Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions

Nice To Haves

1+ years of supervisory experience preferred.
An equivalent amount of related training, education and experience may be considered

Responsibilities

Monitors the commercial delinquencies weekly and in conjunction with management
Works closely with officials of lending and borrowing institutions to review and restructure credit and repayment terms and to better secure collateral, attain an equity position, or otherwise establish recourse to other borrower assets
Successfully manages multiple complicated and complex troubled credits/relationships.
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off
Reviews files assigned and develops a plan of action according to Bank and external policy/procedure and regulations.
Communicates and coordinates with legal counsel both in-house and outside all legal activity associated with an assigned file.
Reviews and evaluates appraisals (real estate or movables) as well as environmental reports relative to assigned accounts.
Collects and incorporates all pertinent information for assembly into the department’s working and bank files.
Drafts, updates, and presents watch list reports for review to watch loan and selected asset review committees.
Initiates and participates in meetings with clients and many times their advisors, counselors, attorneys and CPA’s to address problems and develop solutions.
Coordinates and facilitates interactions between various departments.
Advises and assists loan officers and department managers with account deterioration and changes to approved plans of action.
Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.