Loan Workout Specialist 4

Hancock Whitney Bank•New Orleans, LA

About The Position

Loan Workout Specialists monitor delinquent commercial and/or consumer loans and advise on restructuring, rehabilitation, collection, recovery, asset conversion, and liquidation—usually for adversely classified assets assigned by management—to limit losses. The role manages complicated and complex troubled credits and relationships, develops strategies to recover principal from charged-off non-performing loans, and works with borrowers, lending institutions, internal departments, and legal counsel to address account problems and develop solutions. The specialist reviews assigned files, establishes action plans consistent with Bank and external policies, procedures, and regulations, evaluates appraisals and environmental reports, and maintains pertinent information in department and bank files. The position also prepares and presents watch list reports to committees and advises loan officers and department managers about deteriorating accounts and changes to approved plans of action. The employee must comply with applicable federal, state, and local banking and industry laws and regulations, including the Bank Secrecy Act.

Requirements

Bachelor’s degree, preferably in Business Administration, Finance, or Accounting.
Six years of relevant experience in credit and/or collections.
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 turn around non-performing credits.
Ability to understand large and complex loans.
Ability to travel if required to perform essential job functions.
Ability to work under stress and meet deadlines.
Ability to operate related equipment, read and interpret documents, and lift, move, or carry approximately 10 pounds if required to perform essential job functions, subject to accommodation where applicable.
An equivalent amount of related training, education, and experience may be considered.

Nice To Haves

One or more years of supervisory experience.

Responsibilities

Monitor commercial delinquencies weekly and in conjunction with management.
Work with officials of lending and borrowing institutions to review and restructure credit and repayment terms, improve collateral security, attain an equity position, or establish recourse to other borrower assets.
Manage multiple complicated and complex troubled credits and relationships.
Develop and implement strategies to recover principal from borrowers with charged-off non-performing loans.
Review assigned files and develop action plans in accordance with Bank and external policies, procedures, and regulations.
Communicate and coordinate with in-house and outside legal counsel regarding legal activity associated with assigned files.
Review and evaluate real estate or movable-property appraisals and environmental reports related to assigned accounts.
Collect and incorporate pertinent information into department working files and bank files.
Draft, update, and present watch list reports for review by watch loan and selected asset review committees.
Initiate and participate in meetings with clients and their advisors, counselors, attorneys, and CPAs to address problems and develop solutions.
Coordinate and facilitate interactions between departments.
Advise and assist loan officers and department managers regarding account deterioration and changes to approved plans of action.
Comply with applicable federal, state, and local banking and industry laws and regulations, including the Bank Secrecy Act.