Commercial Loan Workout Officer

Centier Bank; Merrillville (IN); Hybrid; USD 65,000 - 90,000; Full time

Benefits offered by this job

Health clinics access

Generous PTO

Tuition reimbursement

401K match

Associate stock ownership plan

Daycare reimbursement

Onsite fitness center

Health and wellness programs

Diversity Council

Career growth

Work-life balance

Job summary

Centier Bank is seeking a Commercial Loan Workout Officer within the Credit Risk Management team of the Credit Administration Division. You will manage distressed and watch-listed commercial loans, performing up to $1.5M, and negotiate renewals with bank counsel.

The role emphasizes collaboration with risk staff, documentation accuracy, and due diligence adherence, with some local travel and potential hybrid work options.

Qualifications

• Bachelor’s degree with concentration in business, finance, or accounting preferred.
• 2 to 3 years of prior commercial workout experience or related lending/credit roles.
• Experience in collateral analysis and commercial loan documentation required.
• Ability to travel locally; some regional travel may be required.

Responsibilities

• Manage a portfolio of substandard, special mention, watch, and pass rated commercial loan accounts and ORE.
• Handle distressed loans up to $1,000,000 and performing loans up to $1,500,000.
• Develop, negotiate, and document renewals, forbearance, and legal strategies with bank counsel.
• Demonstrate reductions in distressed loans, credit risk, and losses; pursue recoveries.
• Assist senior workout officers and complete credit risk reviews as assigned.
• Collaborate with Credit Risk Management staff and related stakeholders.
• Conduct due diligence per bank policy; some travel is required, primarily local.
• Travel may include occasional regional trips.

Skills

Organizational skills

Time management

Multitasking

Problem solving

Written communication

Verbal communication

Collateral analysis

Commercial loan documentation

Education

Bachelor's degree in business/finance/accounting

Associate degree with progress toward bachelor

Additional bachelor concentrations considered

Job description

Recognizing and valuing diversity strengthens our ability to attract, retain and engage associates and reinforces our relationship within our communities. Our associates are the most valuable asset we have. The collective sum of the individual differences, life experiences, knowledge and talent that our associates invest in their work represents a significant part of not only our culture, but our reputation and company’s achievement as well. A Centier Associate is someone who embodies a servant heart, is unaccepting of anything less than remarkable service, and is self-motivated and driven to deliver exceptional results.

What are our values? Our Corporate values are Caring, Loyalty, Integrity, Friendship, Fun....who wouldn't want to work for an AWARD-WINNING company that's built on these pillars?

What about the perks? Access to our Marathon Health Clinics which provide FREE visits & prescriptions, Generous Paid Time Off benefit, Tuition Reimbursement, 401K match, Associate Stock Ownership Plan, Daycare Reimbursement, FREE Onsite Fitness Center/Fitness Reimbursements, Health and Wellness Programs, the ability to have a voice with our Diversity/Equity/Inclusion Council, Career Growth, Work/Life Balance, AND MORE.

Summary: As a member of the Credit Risk Management team within the Credit Administration Division, the Commercial Loan Workout Officer position reports to the Manager of Credit Risk Management.

Essential Duties and Responsibilities

• Primary responsibilities the successful management of a portfolio of assigned substandard, special mention, watch, and pass rated commercial loan accounts, and ORE.
• Will manage a portfolio of distressed loans or relationships up to $1,000,000 and performing loans or relationships up to $1,500,000.
• Requires the development, negotiation, and documentation of loan renewal and modification agreements, forbearance agreements, and legal strategy in collaboration with bank counsel.
• Measurements include demonstrated reductions in distressed loans, credit risk, credit losses, and achieved recoveries.
• The position assists senior commercial workout officers and completes credit risk reviews as assigned.
• The position works closely and collaborates with all Credit Risk Management staff.
• The position works directly with those including borrowers, lenders, operations staff, documentation staff, credit analysts, attorneys, property managers, and real estate brokers.
• Requires completion and maintenance of customary and additionally determined necessary due diligence in compliance with bank policies and guidelines.
• Some travel is required.
• Travel requirements are primarily local.
• Occasional regional travel may be required.

Skills and Abilities

• Requires effective organizational, time management, multi-tasking, and problem-solving skills.
• Excellent written and verbal communication skills are required.
• Proven experience in collateral analysis along with commercial loan documentation experience required.

Education and Experience

• Bachelor’s degree with concentration in business, finance, or accounting preferred.
• Additional Bachelor’s degree concentrations considered in relation to past and present experience, responsibilities, continuing education, and certifications.
• Associate degrees with progress toward bachelor’s degrees considered similarly.
• 2 to 3 years of prior commercial workout experience or a combination of prior commercial lending, credit underwriting, portfolio management, financial analysis, documentation, examination, audit, compliance, and SBA experience considered.
• Individuals in existing roles including commercial loan portfolio managers, commercial credit analysts, commercial small business lenders, SBA lenders, commercial loan reviewers, and commercial loan administrators are encouraged to apply.

Additional Detail

This position includes hybrid work potential. Continued education is supported. Opportunities for growth and advancement within Credit Risk Management, Credit Administration, and career pathing among at least commercial lending, credit risk management, audit, and compliance departments are available.

Disability Accommodation Statement

Centier Bank is an Equal Employment Opportunity/Affirmative Action employer and is committed to providing reasonable accommodations to individuals with disabilities in the employment application process.

Equal Opportunity Employer/Disability/Veteran

Centier Bank is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

Member FDIC

At Centier, we don’t recruit resumes, we recruit personalities. By doing so, we are establishing a philosophy that the key to world-class service is how clients are treated, and that begins with our associates. Whether you are a financial expert or brand new to banking, we provide top training and support to help you deliver the world-class banking services that we are known for. Centier believes in putting its associates first, with respect to a work-life balance and creating opportunities for fun wherever we can. That is part of the reason why Centier Bank has been ranked the Best Bank to Work For in the state by American Banker, and Best Place To Work in Indiana (Hall of Fame) by the Indiana Chamber. Find out what awaits you when you join a team that prides itself on being a family. When you choose Centier, you choose growth, value, and success. Choose Centier, choose you.