Commercial Loan Workout & Recovery Officer

WesBanco, Inc.; Ann Arbor (MI); On-site; USD 95,000 - 130,000; Full time

Job summary

WesBanco Bank Inc. in Michigan seeks an experienced credit administrator to manage a portfolio of troubled commercial and CRE credits and to develop strategies that minimize losses while ensuring regulatory compliance.

You will review loan files, enforce the bank's rights, and work with management and legal counsel to create remediation plans. Strong analytical and negotiation skills, plus 5 years of related experience, are required.

Qualifications

• Bachelor's degree in related field and 5 years of related experience or equivalent combination.
• Minimum 3 years of experience in Commercial Banking, Portfolio Management or Loan Review.
• Prior commercial workout experience preferred.

Responsibilities

• 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 cashflow 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.

Skills

Credit Admin

Negotiation

Regulatory Compliance

Financial Analysis

Education

Bachelor's degree

Tools

Microsoft Office

Excel

Outlook

Job description

WesBanco Bank Inc. in Michigan seeks an experienced credit administrator to manage a portfolio of troubled commercial and CRE credits and to develop strategies that minimize losses while ensuring regulatory compliance.

You will review loan files, enforce the bank's rights, and work with management and legal counsel to create remediation plans. Strong analytical and negotiation skills, plus 5 years of related experience, are required.