Workout Officer II
About The Position
The CRM C&I Workout Officer II proactively manages a substandard portfolio of 10 to 15 commercial and industrial loans to minimize credit losses, ensure returns match risk, and, where possible, return customers to a satisfactory rating. The group emphasizes a rescue culture and seeks to retain as many clients as possible. The portfolio consists of large and complex bilateral and syndicated loans, with individual Citizens Bank exposure averaging $15 million or more. Working alongside a team leader, the Workout Officer devises strategies, negotiates and structures transactions, obtains credit approval, and ensures appropriate documentation. The role also involves financial analysis, enterprise value assessment, analysis of market dynamics, and maintaining required internal and external reporting. Location is flexible for the right applicant.
Requirements
- At least 5 years of commercial banking experience in a C&I environment.
- At least 5 years of experience in loan documentation and relevant Uniform Code and bankruptcy considerations.
- Adaptability to a fast-paced and challenging work environment.
- Ability to persuasively present the Bank’s thoughts and position, gain consensus, and execute proposed solutions to remedy substandard and non-performing credits.
- Excellent math and analytical skills.
- Excellent oral and written communication skills.
- Excellent time management skills.
- Bachelor’s degree required.
Responsibilities
- Proactively manage a substandard portfolio of 10 to 15 C&I loans to minimize credit losses.
- Seek to ensure returns match risk and, where possible, return customers to a satisfactory rating.
- Work with a team leader to devise workout strategies.
- Negotiate and structure transactions.
- Obtain credit approval and ensure transactions are documented accordingly.
- Perform financial analysis and enterprise value assessments.
- Analyze market dynamics.
- Maintain required internal and external reporting.
Benefits
- Competitive pay
- Comprehensive medical coverage
- Dental coverage
- Vision coverage
- Retirement benefits
- Maternity and paternity leave
- Flexible work arrangements
- Education reimbursement
- Wellness programs
- Paid time off that exceeds mandatory paid sick or paid time-away policies in every U.S. local and state jurisdiction
- Opportunity to earn additional incentive earnings, if applicable
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
