SAG Workout Officer III
About The Position
Assist and direct in the orderly liquidation/exit and rehabilitation of large and complex credits with a high dollar impact to the organization. To collaborate with the Portfolio Manager to maintain portfolio by monitoring credits to formulate and drive strategic plans to maximize the returns to the Bank. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Requirements
- Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required.
- Typically requires 8 - 10 years workout or related banking experience.
- Deep understanding of credit policies, procedures and decisioning tools.
- Knowledge of bankruptcy law and related legal proceedings.
- Requires strong oral, written communication, and negotiation skills.
- Ability to access, analyze and recommend the best course of action in difficult credit situations.
- Possess analytical and problem solving skills.
- PC proficiency with Windows based word processing and spreadsheet applications.
Responsibilities
- Collection of past due accounts
- Formulate and execute exit strategies on large and complex administrative loans
- Recommend/Negotiate best course of action on large and complex Administrative Loans
- Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
- Work closely/assist the Wholesale Line of Business on potential trouble credits
- Identification of potential loss on administrative credits
- Complete required reporting; such as ALSR's on administrative credits
- Maintain adequate credit/collateral files
- Identify when legal counsel is required given transaction complexity
- Serve as coach and mentor to junior workout officers
- Attend Admin Loan Meetings to present collection update and strategy
- Other duties as assigned
Benefits
- Comprehensive benefits and differentiated compensation offerings
- Eligible to participate in an incentive compensation plan
- Extensive benefits programs designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
Associate degree
