Commercial Loan Workouts & Recovery Strategist

WesBanco, Inc.; Frankfort (KY); On-site; USD 80,000 - 110,000; Full time

Job summary

WesBanco, Inc. in Kentucky seeks an experienced credit professional to administer a portfolio of troubled and distressed commercial and CRE credits.

You will develop strategies to minimize losses, underwrite effectively, and negotiate exit or remediation plans with borrowers. You will work with management, lending staff and legal counsel to protect the bank's interests, ensuring compliance with applicable laws and regulations and maintaining thorough documentation of actions taken on each

Qualifications

• Bachelor's degree in related field and 5+ years of related experience or equivalent combination required.
• 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, 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 directs the activities of commercial banking officers on accounts handled on a shared basis.
• Reviews, analyzes and interprets financial statements and cash flow to assess borrower strength.
• Responds to inquiries or complaints from customers, regulatory agencies, or business community members.
• Maintains knowledge of state and federal collection/workout regulations and ensures policy compliance.
• Develops and implements credit administration strategies to minimize potential losses.
• Works with management and legal counsel to ensure accounts are managed per policy and laws.

Skills

Credit portfolio management

Negotiation

Analytical skills

Regulatory compliance

Communication

Microsoft Office

Education

Bachelor's degree in related field

5+ years of related experience

Tools

Microsoft Office

Job description

WesBanco, Inc. in Kentucky seeks an experienced credit professional to administer a portfolio of troubled and distressed commercial and CRE credits.

You will develop strategies to minimize losses, underwrite effectively, and negotiate exit or remediation plans with borrowers. You will work with management, lending staff and legal counsel to protect the bank's interests, ensuring compliance with applicable laws and regulations and maintaining thorough documentation of actions taken on each