Asset Recovery & Workout Specialist

Whitaker Bank Corporation; Lexington (KY); On-site; USD 60,000 - 80,000; Full time

Job summary

Whitaker Bank Corporation is seeking a Special Assets Officer in Lexington, KY. This full-time role involves managing loan workouts and collections, focusing on loss mitigation, and supporting the team in collection activities. Candidates should have at least 3 years of commercial lending or workout experience and an Associate's degree or equivalent. Strong communication skills and knowledge of banking regulations are essential. The position offers a collaborative environment and the opportunity to contribute to the bank's operational success.

Qualifications

• Minimum 3 years commercial lending or commercial workout experience.
• Knowledge of related state and federal banking compliance regulations.
• Effective verbal, written and interpersonal communication skills.

Responsibilities

• Responsible for active management of criticized, classified or delinquent credits.
• Calls on delinquent loan customers to get payments or set up an updated payment plan.
• Provides effective customer service and assists in resolving problems.

Skills

Commercial lending experience

Risk management

Detail-oriented

Interpersonal communication

Education

Associate’s degree or equivalent

5 years of related experience

Tools

Word processing software

Spreadsheet software

Job description

Whitaker Bank Corporation is seeking a Special Assets Officer in Lexington, KY. This full-time role involves managing loan workouts and collections, focusing on loss mitigation, and supporting the team in collection activities. Candidates should have at least 3 years of commercial lending or workout experience and an Associate's degree or equivalent. Strong communication skills and knowledge of banking regulations are essential. The position offers a collaborative environment and the opportunity to contribute to the bank's operational success.