Problem Loan Workout Officer - Restructuring Specialist

Truist • Orlando, FL

1d • Onsite

About The Position

Manage and maximize return on a portfolio of CIG Classified loans in accordance with Bank policy, procedures and strategic goals. This role involves managing a problem loan portfolio consisting of the most complex credit structures, primarily syndicated corporate and middle market loans, while managing capital market opportunities/fees associated with clients. The officer will independently manage syndicated credit facilities as agent and/or actively participate and manage communication with other institutions as a participant to direct or influence credit resolution strategies. This includes actively communicating with and/or managing restructuring professionals such as legal counsel, financial advisors, investment bankers, and other relevant vendors. Proactive communication with internal and external stakeholders, including the Truist debt trading desk, investment banker coverage teams, leveraged finance and sponsor groups, is essential to explore resolution strategies, including capital markets opportunities for self-help (SPAC, capital raise, bond issuance, ATM, etc.), preservation of sponsor relationships, and generation of capital market fees within prudent risk parameters. The role requires being the face of Truist in interactions with C-suite executives of publicly traded companies facing economic stress, providing a consensual path forward for both the bank and customer. This includes actively participating in balance sheet restructuring processes (inside or outside of bankruptcy court), overseeing marketing processes for asset/business sales, negotiating documentation (credit, intercreditor, collateral, sale, engagement, restructuring support, non-disclosure agreements), and overseeing recapitalization activities with various capital sources. Collaboration with partners like Commercial Banking Specialists (CBS), Fulfillment Specialists, and PMs is crucial for sound client-related documentation and financial analysis. The role also involves providing accurate monthly forecasting for non-performing assets and charge-offs, completing required reporting for impairment analysis, accrual justification, and Criticized Loan Asset Reports, and interfacing with CIG and middle market teams in a consultative role on criticized credits to assess and mitigate risk. Keeping abreast of changing Bank policy and procedures, business, and economic developments impacting the loan portfolio and banking in general is also a key responsibility.

Requirements

• Bachelor’s degree in business, finance, or banking or comparable education and related training.
• A minimum of fifteen years commercial banking, loan workout or equivalent experience.
• Significant experience with syndicated/complex credit structures.
• In depth knowledge of capital market products both from a capital market and balance sheet management perspective.
• In depth knowledge of bankruptcy law/in and out of court restructuring.
• Exceptional negotiation, communication, interpersonal, financial analysis and problem-solving skills.
• Ability to deliver messages and interact effectively in a sometimes tense or adversarial environment.
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products.

Nice To Haves

• Master’s degree in business administration, finance, or banking.
• Twenty years of experience in commercial banking, loan workout, and/or relationship management.

Responsibilities

• Manage and maximize return on a portfolio of CIG Classified loans in accordance with Bank policy, procedures and strategic goals.
• Manage a problem loan portfolio consisting of the most complex credit structures, primarily syndicated corporate and middle market loans while managing the capital market opportunities/fees associated with the clients.
• Independently manage syndicated credits facilities as agent and/or actively participate and manage the communication process with other institutions as participant to direct or influence credit resolution strategies.
• Actively communicate with and/or manage restructuring professionals including legal counsel, financial advisors, investment bankers, and other relevant vendors playing a role in the credit resolution process.
• Proactively communicate with assorted internal and external stakeholders including the Truist debt trading desk, investment banker coverage teams, leveraged finance and sponsor groups in an effort to explore all resolution strategies including capital markets opportunities to self help (SPAC, capital raise, bond issuance, ATM etc), preservation of sponsor relationships and generation of capital market fees in a manner consistent with prudent risk parameters.
• Act as the face of Truist in interactions with C-suite executives of publically traded companies facing challenged economic stress and provide a consensual path forward for both the bank and customer.
• Actively participate in the balance sheet restructuring process for clients (inside or outside of bankruptcy court) when applicable by interacting with debtor, sponsors, lenders, and professionals as needed.
• Oversee the marketing process when the resolution path involves the sale of assets or a business whether as a going concern or liquidation.
• Negotiate all documentation required in the credit resolution process including, but not limited to, credit, intercreditor, collateral, sale, engagement, restructuring support, and non-disclosure agreements and related amendments if applicable.
• Oversee or actively participate in any and all pertinent activities related to recapitalization of borrowers, when applicable, including interacting with professionals and third party capital sources such as private equity groups, hedge funds, vulture or distress debt funds, junior lenders, and bond holders or their professionals.
• Work effectively with partners such as Commercial Banking Specialists (CBS), Fulfillment Specialist and PM to ensure all client-related documentation and financial analysis are sound and any issues are resolved in an accurate and timely manner.
• Provide accurate and timely monthly forecasting for non-performing assets and charge-offs.
• Complete reporting as required for impairment analysis, accrual justification and Criticized Loan Asset Reports.
• Interface with CIG and middle market (credit, RM and PM) in a consultative role on criticized credits to assess and mitigate risk.
• Keep abreast of changing Bank policy and procedures, as well as business and economic developments which impact the loan portfolio and banking in general.

Benefits

• medical
• dental
• vision
• life insurance
• disability
• accidental death and dismemberment
• tax-preferred savings accounts
• 401k plan
• 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment
• 10 sick days (also prorated)
• paid holidays
• defined benefit pension plan (depending on position and division)
• restricted stock units (depending on position and division)
• deferred compensation plan (depending on position and division)

What This Job Offers

• Job Type: Full-time
• Career Level: Senior