Commercial Loan Workout Specialist

WesBanco, Inc.; Indianapolis (IN); On-site; USD 85,000 - 130,000; Full time

Job summary

WesBanco, Inc. in Indianapolis seeks a senior credit professional to administer a portfolio of troubled commercial and CRE credits. You will develop strategies to minimize losses, review borrower financials, and coordinate with management and legal counsel to ensure compliant workouts.

The role requires knowledge of underwriting, collections, and exit strategies, plus the ability to negotiate remediation with borrowers and manage collateral dispositions.

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 strongly 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, management, 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 to dispose of collateral.
• Interacts with and directs activities of commercial banking officers on shared accounts.
• Reviews, analyzes and interprets financial statements and cash flow to assess borrower strength.
• Ensures compliance with applicable state and federal regulations relating to collections/workouts.
• Develops and implements credit administration strategies to minimize potential loss.
• Collaborates with management and legal counsel to ensure accounts are managed per policy and law.

Skills

Credit administration

Commercial underwriting

Collections practices

Negotiation

Financial statement analysis

Cash flow analysis

Interpersonal communication

MS Office proficiency

Education

Bachelor's degree in related field

Tools

MS Office Suite

Word

Excel

Outlook

Job description

WesBanco, Inc. in Indianapolis seeks a senior credit professional to administer a portfolio of troubled commercial and CRE credits. You will develop strategies to minimize losses, review borrower financials, and coordinate with management and legal counsel to ensure compliant workouts.

The role requires knowledge of underwriting, collections, and exit strategies, plus the ability to negotiate remediation with borrowers and manage collateral dispositions.