Commercial Loan Workout & Recovery Specialist

WesBanco Bank Inc.; Fairmont (WV); On-site; USD 70,000 - 90,000; Full time

Job summary

WesBanco Bank Inc. is seeking an experienced credit administrator to oversee a portfolio of troubled and distressed commercial and commercial real estate credits.

You will develop and implement strategies to minimize potential losses, negotiate exit/remediation plans with borrowers, and coordinate with bank management, lending staff, and legal counsel to ensure compliant workouts. The role requires strong knowledge of commercial credit underwriting and collections, plus ability to act decisively

Qualifications

• Bachelor's degree in a related field and 5 years of related experience.
• Minimum 3 years of experience in Commercial Banking, Portfolio Management or Loan Review preferred.
• 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 analysis

Negotiation

Attention to detail

MS Office

Education

Bachelor's degree in related field

Tools

Microsoft Office Suite

Job description

WesBanco Bank Inc. is seeking an experienced credit administrator to oversee a portfolio of troubled and distressed commercial and commercial real estate credits.

You will develop and implement strategies to minimize potential losses, negotiate exit/remediation plans with borrowers, and coordinate with bank management, lending staff, and legal counsel to ensure compliant workouts. The role requires strong knowledge of commercial credit underwriting and collections, plus ability to act decisively