Senior Credit Workout Officer IV

Northwest Bancorp, Inc.•Mount Joy, PA

37d•Hybrid

About The Position

The Senior Credit Workout Officer IV is responsible for a variety of duties including (i) meeting with borrowers, and (ii) evaluating management teams and business plans to determine whether or not to retain or exit credit, while negotiating with professionals to establish a workout or exit plan.

Requirements

Bachelor's degree in business / accounting or finance degree or related subject matter
8-12 years of experience of experience in an area related to commercial lending including special assets, loan review, credit and / or lending
Ability to analyze data, bankruptcy, foreclosures, and repossession

Responsibilities

Ensure integrity of loan documentation
Review loan documents for perfection of collateral
Analyze financial statements
Identify and resolve problems / issues
Record all agreements and conversations
Prepare correspondence and documentation for workout plan
Discuss credit grades and workout procedures
Issue demand letters
Monitor collection activity and bankruptcies
Obtain judgments
Establish workout or exit plans
Report agreed payment terms and plans
Locate and inspect collateral
Coordinate foreclosures
Partner with loan officers
Prepare for litigation
Coordinate liquidation and sale of assets with appropriate staff and counsel
Order appraisals
Initiate chargeoffs and write downs
Negotiate with professionals to establish a workout or exit plan
Interact with other financial institutions and examiners
Recommend the best loss mitigation strategy
Work with minimal direct supervision and use independent judgment and decision making
Prepare reviews and quarterly reports on workout loans
Recommend improvements to workout policies and procedures
Build relationships with internal customers
Maximize available technology tools
Minimize departmental costs
Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment