Commercial Loan Workout & CRU Lead

WesBanco Bank Inc.; Indianapolis (IN); On-site; USD 70,000 - 100,000; Full time

Job summary

WesBanco Bank Inc. seeks a qualified professional to administer a portfolio of troubled and distressed commercial and CRE credits. You will develop strategies to minimize potential losses, review financials, and coordinate with management, lenders, and legal counsel to ensure compliance and effective workouts.

The role requires 3+ years in commercial banking or loan review, real estate knowledge, and travel. A college degree is strongly preferred and proficiency in MS Office is essential.

Qualifications

• Minimum of 3 years' experience in commercial Banking or Loan Review required.
• Previous knowledge and experience in the maintenance and sale of real estate is required.
• Must have a valid driver's license.
• Overnight travel is required.
• College degree strongly preferred.
• Construction project management is preferred.
• Knowledge of vehicle and equipment evaluation is preferred.
• MS Office, including Word, Excel and Outlook.

Responsibilities

• Review loan files upon assignment to understand the transaction and circumstances.
• Takes appropriate action to enforce the Bank's right or position with respect to the loan and collateral.
• Discuss issues with supervisor, other management personnel, and/or legal counsel to develop strategies and solutions.
• Appropriately document loan files with respect to action taken and pertaining to each assigned account.
• Works with third parties when appropriate to dispose of collateral.
• Interacts with and directs the activities of commercial banking officers on accounts that are being handled on a shared responsibility basis.
• Review, analyze and interpret financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.
• Respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.
• Maintain a comprehensive knowledge of applicable state and federal regulations relating to collections and/or workouts and ensure that the Bank's policies and procedures are compliant with the same.
• Develop and implement credit administration strategies that minimize the Bank's potential loss.
• Work with department management, Executive Management, Credit Officers and legal counsel to ensure assigned accounts are managed in accordance with Bank's Credit Policy and applicable laws and regulations.
• Make, review, and approve foreclosure sale bid recommendations.
• Review and evaluate real estate and equipment liquidation scenarios for CRU officers.
• Review foreclosure bidding instructions for CRU officers and provide input on the same.
• Review and evaluate collateral for commercial lenders as needed.
• Act as the liaison between the department and vendors for real estate, equipment, vehicle sales as needed.

Skills

Communication skills

Decision making

Analytical thinking

Negotiation

Education

Bachelor's degree

Tools

MS Office

Excel

Word

Outlook

Job description

WesBanco Bank Inc. seeks a qualified professional to administer a portfolio of troubled and distressed commercial and CRE credits. You will develop strategies to minimize potential losses, review financials, and coordinate with management, lenders, and legal counsel to ensure compliance and effective workouts.

The role requires 3+ years in commercial banking or loan review, real estate knowledge, and travel. A college degree is strongly preferred and proficiency in MS Office is essential.