Senior Workout Officer - Remote

Santander • Tallahassee, FL

3d • $93,750 - $170,000 • Remote

About The Position

The Senior Associate, Workout leverages his or her subject matter expertise for collection and work out situations and activities to significantly improve existing processes and facilitates the resolution of problems loans, proactively minimizing potential losses to the Company. The incumbent manages accounts of advanced complexity and leads special workout projects and/or programs.

Requirements

• Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required
• 9+ Years Workout or Collections experience. - Required.
• 9+ Years Financial Services Industry. - Required.
• Advanced knowledge of collection and workout best practices, identification, resolution and implementation.
• Demonstrated experience facilitating change to achieve measurable results.
• Detail orientated with the ability to also understand overall strategy.
• Excellent interpersonal, supervisory, and customer service skills required.
• Excellent written and verbal communication skills.
• Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
• Excellent project management skills.
• Ability to build and foster internal relationships.
• Ability to lead, influence and direct peers, subordinates and management.
• Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
• Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.
• Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.

Nice To Haves

• Master's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Preferred
• 5+ years of Workout
• Portfolio Management and/or Underwriting
• SBA loan
• Multifamily Properties, esp. NY
• Presentation Skills
• Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.

Responsibilities

• Manages accounts of advanced complexity, in accordance with risk management objectives and corporate budgets.
• Manages loan workout process expenses and division and corporate expense targets.
• Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.
• Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures.
• Proactively manages troubled loan relationships.
• Monitors portfolios and quality assurance in compliance with corporate policy.
• Ensures compliance with training, statutes, valuation and environmental policy.
• Facilitates the resolution of problems loans, proactively minimizing potential losses to the Company.
• Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
• Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management.
• Prospects, solicits, and develops relationship-based clients on behalf of the Company.
• Processes charged-off financings including litigation, asset discovery and fraud investigations.
• Mentors and coaches work of junior level workout professionals.
• Leads special workout projects, programs, and other related workout activities.
• Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness.

Benefits

• Base Pay Range: Minimum: $93,750.00 USD, Maximum: $170,000.00 USD
• A fair and competitive rewards package that reflects the impact you create and the value you deliver.
• Benefits are designed to support you, your family and your well-being, now and into the future.

What This Job Offers

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