VP, Commercial Loan Workout Officer

Tradition Capital Bank•Edina, MN

18d•$146,000 - $218,000

About The Position

The Commercial Loan Workout Officer plays a key role in managing and overseeing the Bank’s credit risk framework, loan portfolio performance, and problem loan resolution activities. This role partners closely with senior leadership to ensure strong credit governance, regulatory readiness, and proactive risk management while supporting the Bank’s strategic growth objectives.

Requirements

A role model for our core values: Do the Right Thing, Get Stuff Done (G.S.D), One Team and Give Generously
Demonstrated commitment to defect free, timely and caring client service
Strong aptitude for detailed credit analysis and legal documentation review
Excellent negotiation, communication, and creative problem-solving skills
Thorough understanding of Tradition Capital Bank Loan Policy, Tradition Capital Bank Appraisal Policy, banking regulations, commercial and consumer underwriting, and loan documentation.
Performs job responsibilities with a high level of accuracy and timeliness resulting in safety, soundness, regulatory compliance, and operational efficiency
Independent decision maker within authority limits
Strong leadership skills, with the ability to provide authoritative guidance to management, the Board and staff while maintaining collaborative and respectful professional relationships within the Bank
Self-motivated and persistent in following through
Able to perform at a high level in a fast-paced environment
Flexible to change in a growing organization
Excellent verbal and written communication skills
Accountable for demonstrating compliance with the Bank Secrecy Act, Privacy of Consumer Financial Information and all other federal and state rules and regulations as it pertains to their position at the bank.
A Bachelor’s Degree from College or University and a minimum of 7-10 years of experience in Credit Administration, loan workout or Loan Review; or equivalent combination of education and experience.

Responsibilities

Credit Administration & Loan Review: Under the direction of the Chief Credit Officer, maintain the Bank’s Loan Policy and approval process. Coordinate audit and exam preparation, including data compilation and reporting. In conjunction with the Loan Review function, execute the Company’s Board-approved Loan Review program, conducting reviews of individual loans and relationships to ensure accurate assessment of asset quality, underwriting, documentation, and repayment performance. Review and approve credit actions if and as designated in the Bank’s Loan Policy.
Workout Management: Manage a portfolio of active problem loans across C&I and Commercial Real Estate of varying size and complexity. Develop and execute resolution strategies that maximize value, minimize loss, and control expenses. Analyze loan documentation, collateral, and borrower and guarantor financials; negotiate restructures and settlements; and initiate legal action when appropriate. Provide ongoing status updates on workout loans to management and the Loan Committee
Credit Risk Management & Portfolio Analysis: Responsible for analysis and reporting in support of Enterprise Risk Management and Credit Administration objectives as determined by the Chief Credit Officer and the company’s strategic plan. Perform portfolio stress testing, sensitivity analysis, and risk stratification to identify emerging risks and potential weaknesses. Prepare periodic reporting for management, Loan Committee, Board of Directors, and Audit Committee, including loan review results and workout portfolio status. Ensure loans are risk rated timely and accurately in accordance with policy and regulatory guidance.
Collaboration & Leadership: Collaborate closely with the Chief Credit Officer, Chief Risk Officer, Loan Review Officer, and lines of business on credit risk, workout strategies, and portfolio quality assessments. Serve as a liaison between credit, lending, and risk functions. Support regulatory and financial audits and examinations. Identify and implement process efficiencies and enhancements to risk management and client service. Develop and deliver training across credit and lending teams and may manage junior analysts and members of the Credit Administration team.

Benefits

Healthcare (medical with HSA, dental, and voluntary vision)
Short-term and long-term disability
Basic and voluntary life & AD&D insurance
EAP – Employee Assistance Program
Flexible spending accounts
401(k) with employer match; ability to purchase Bank stock through 401k
Paid time off & paid holidays
Family Care Reimbursement (up to $500 annually for 2025)
Wellness Time (up to 2 hours/week)
Keystone employee directed giving opportunities (annual Insight Trip opportunities, up to $500 for grants and double match dollars)