Commercial Loan Workout/CRU Officer - Credit Resolution

WesBanco Bank, Inc.; Bowie (MD); A distancia; USD 75.000 - 80.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Paid Time Off

Short Term Disability

Annual holidays

Floating holiday

Benefits package

Descripción de la vacante

WesBanco Bank, Inc. is seeking a Commercial Loan Workout/CRU Officer - Credit Resolution to oversee a portfolio of troubled credits and implement strategies to minimize potential losses. The role requires strong knowledge of commercial credit underwriting, collections, and negotiation with borrowers.

Remote work is primary, with occasional in-person meetings as needed. The ideal candidate brings a background in commercial banking or loan review, plus experience in workout scenarios, to

Formación

• This role requires a bachelor’s degree and 5 years of related experience or equivalent.
• Minimum 3 years in Commercial Banking, Portfolio Management or Loan Review preferred.
• Prior commercial workout experience preferred.

Responsabilidades

• Administer a portfolio of troubled/distressed commercial and CRE credits.
• Develop and implement credit administration strategies to minimize losses.
• Negotiate exit or remediation strategies with borrowers.
• Coordinate with management, lending staff, and legal counsel to ensure compliance.
• Review financial statements and perform cash flow analysis to assess borrower strength.
• Document actions in loan files and manage collateral disposition with third parties.

Conocimientos

Credit underwriting

Credit collection

Negotiation

Analytical skills

Educación

Bachelor's degree

Herramientas

Microsoft Office

Outlook

Descripción del empleo

Commercial Loan Workout/CRU Officer - Credit Resolution

#61-9752

Location

This position is 100% remote within the Bank's footprint. Employee will work full time remote outside of a WesBanco location (may occasionally attend in person meetings, although primary functions of the role are performed remotely).

Market

Mid-Atlantic

40

Requirements

Bachelor’s degree in related field of study and 5 years of related experience or equivalent combination of education and experience required

Minimum 3 years of experience in Commercial Banking, Portfolio Management or Loan Review Experience strongly preferred;

Prior commercial workout experience preferred.

Job Description

SUMMARY:

This position is responsible for administration of a portfolio of troubled and/or distressed commercial and commercial real estate credits . The primary duties of this position include developing and implementing credit administration strategies that minimize the Bank’s potential loss on each assigned credit . This position requires a thorough knowledge of commercial credit underwriting and commercial collection practices, and the ability to effectively negotiate appropriate exit or remediation strategies with borrowers . This position works closely with Bank management, lending staff and legal counsel to protect the Bank’s interests and ensure compliance with all applicable laws and regulations.

ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required . Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Reviews loan files upon assignment to understand the transaction and circumstances.

Takes appropriate action to enforce the bank's rights or position with respect to the loan and collateral.

Discusses issues with supervisor, other management personnel, and/or legal counsel to develop strategies and solutions.

Documents loan files with respect to actions taken and pertaining to each assigned account.

Works with third parties when appropriate to dispose of collateral.

Interacts with and direct the activities of commercial banking officers on accounts that are being handled on a shared responsibility basis.

Reviews, analyzes and interprets financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.

Responds to common inquiries or complaints from customers, regulatory agencies, or members of the business community .

Maintains 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.

Develops and implements credit administration strategies that minimize the Bank’s potential loss.

Works 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.

Other duties and responsibilities may be assigned.

OTHER REQUIREMENTS:

Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing . You will also be expected to complete all assigned compliance training in a timely manner .

Ability to identify redundancies and inefficiencies, make recommendations and successfully implement a solution;

Ability to quickly assess a situation and make a decision ;

Ability to work in a fast-paced environment with competing demands of time and resources.

Demonstrate confidence, assertiveness, professionalism and ability to interact with all levels of the organization;

Ability to define problems, collect data, establish facts and draw valid conclusions.

Attention to critical details to properly identify potential issues;

Excellent organizational skills;

Ability to work independently on multiple tasks without compromising quality;

Excellent interpersonal and written communication skills.

Effective organizational skills and promptness.

Proficient in Microsoft Office products, including Word, Excel and Outlook.

ADDITIONAL INFORMATION:

The wage range for theCommercial Loan Workout CRU Officerposition is$75,000 – $80,000annually.The position includes2 2 daysof PTO (Paid Time Off),5 days of STD (Short Term Disability),11 annual paidholidays,and 1 float holiday.

WesBanco has an excellent benefits package to include medical, dental, and vision, Health Care Flexible Spending, Dependent Care Flexible Spending, Transportation Fringe Benefit Plan, Group Life, Long Term Disability, Optional Life, access tovoluntarybenefit products such as Cancer, Term & Universal Life, Accident, Short-Term Disability and Critical Illness policies, andother ancillary benefit products. WesBanco also offers 401(k) with employee match .

Full-Time/Part-Time

Full-time

Area of Interest

Credit Administration

All Locations

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