Operations Analyst (Commercial Workout)
About The Position
Assist in the management of a portfolio of pass rated “exit,” criticized, classified, non-performing and or charged off credit relationships. Minimize charge-offs and maximize recoveries by collaboratively developing and implementing cogent workout, restructuring and/or exit plans. Develop positive relationships with customers, line of business personnel and internal and external professionals. Negotiate skillfully, fairly and ethically with customers and other constituencies. Communicate clearly. Adhere to all corporate compliance guidelines. This position reports to the Commercial Workout Manager.
Requirements
- High School Diploma or equivalent.
- Minimum of one year of related Commercial or Default experience.
- Good oral and written communication skills.
- Basic skills in assessing credit risk.
- Strong negotiation and interpersonal skills.
- Expertise utilizing Microsoft Office (Word and Excel) operating systems.
Nice To Haves
- Undergraduate degree in accounting, finance or related field.
- Financial statement analysis experience
- Bankruptcy/workout experience.
- Knowledge of SBA standard operating procedures and regulations.
- Knowledge of commercial credit products and loan documentation.
- Knowledge of creditors rights, collection practices, and bankruptcy.
- Knowledge of compliance.
- Knowledge of Bank regulations.
Responsibilities
- Manage and/or assist in the management of a loan portfolio including SBA loans and/or other government guaranteed loans to mitigate risk, consisting of deals with aggregate balances equal to or less than $250,000 with moderate complexity and potential for adversarial litigation.
- Review and analyze loan documentation, financial statements and other similar loan and borrower information to assess risk, quantify repayment capacity, consider the adequacy of repayment sources and/or estimate recovery potential.
- Develop, recommend and implement workout/liquidation strategies for problem loans including past due, underperforming, non-performing, and charged-off loans to mitigate risk and maximize recovery.
- Adhere to department and corporate guidelines, policies and compliance procedures.
- Maintain constructive interaction with regulators.
- Work with other professionals such as appraisers, environmental consultants, auctioneers, real estate brokers and property managers to maximize return on collateral secured loans.
- Support departmental continuous improvement efforts.
- May travel for court appearances
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
High school or GED
