Credit Workout Officer III

LE001 Northwest Bank; Stati Uniti; In loco; USD 80.000 - 110.000; Tempo pieno

Descrizione del lavoro

Northwest Bank is seeking a Credit Workout Officer III to lead loss mitigation strategies and strengthen Special Assets processes. You will meet with borrowers, evaluate management teams and business plans to determine retention or exit strategies for credits.

The role requires deep credit analysis, collaboration with loan officers, and the ability to manage workout plans, due diligence, and documentation in compliance with bank rules and SBA guidelines.

Competenze

• Bachelor's Degree required with related subject matter.
• 5-6 years of experience in commercial lending including special assets, loan review, credit administration and/or lending.
• Ability to establish effective working relationships and solve problems with others.
• Strong communication skills, written and oral, for various audiences.
• Ability to analyze detailed financial data and make informed decisions.

Mansioni

• Prepare the appropriate loan recaps.
• Spread, review and analyze financial statements for new loans, maturity extensions, restructures and renewals.
• Conduct annual reviews and assign risk ratings.
• Recommend proper loan structure and terms.
• Identify credit strengths, weaknesses and mitigating factors.
• Assist in underwriting and due diligence for credit risk.

Conoscenze

Financial analysis

Credit underwriting

Risk assessment

Communication

Negotiation

Formazione

Bachelor's Degree

Strumenti

Microsoft Office

SBA SOP knowledge

Descrizione del lavoro

OH0713 NW Bancshares HQ, PA0736 Administration Center

Credit Workout Officer III is responsible to recommend the best loss mitigation strategy to Northwest, improve the quality and process of the Special Assets area; while also performing a variety of duties including meeting with borrowers, evaluating management teams, and business plans to determine whether or not to retain or exit credit.

Essential Functions

• Prepare the appropriate loan recaps
• Spread, review and analyze financial statements for new loans, maturity extensions, restructures and renewals
• Conduct annual reviews and assign risk rat
• Recommend proper loan structure
• Identify credit strengths, weaknesses and mitigating factors
• Assist in determining the appropriate level of underwriting and due diligence for the credit’s risk profile, and workout staff participating in joint calls as needed
• Maintain a work knowledge of macro-economic issues in local markets
• Engage counsel when appropriate on behalf of Northwest
• Discuss grades and workout procedures
• Issue demands letters
• Monitor collection activity, and bankruptcies
• Obtain judgments
• Establish Workout plans on behalf of Northwest
• Report agreed payment terms and plans
• Locate collateral / inspection
• Partner with loan officers
• Coordinate sale of acquired assets / with appropriate staff, liquidation of assets and sales, legal plan action with counsel, and foreclosures
• Order appraisals
• Initiate Charge-offs / write downs
• Work with minimal direct supervision and requires the use of independent judgment and decision making
• Maximize technology tools available
• Prepare management reports as required, and for litigation
• Responsible for all compliance and audit-related matters in area of responsibility
• Participate in special projects as required
• Remain current on all bank rules and regulations relating to Credit Administration
• Coordinate foreclosures
• Recommend improvements to procedures
• Build relationships with internal customers
• Maximize technology tools available
• Minimize departmental non-payroll costs
• Monitor, develop and suggest revisions to workflows and procedures as necessary to enhance efficiency and minimize expenses
• Familiarity with & knowledge of the SBA Standard Operating Procedures (SOP)
• Managing workout process for SBA 7 & 504 Loans
• Participate in quarterly SAG Watch Calls and Preparation of Crit Forms.

Additional Essential Functions

• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment Safety and Health for those without supervisory duties
• Abide by the rules of the safety and loss prevention program
• Perform work tasks in a safe manner
• Report any and all injuries to supervisor
• Know what to do in case of an emergency

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Bachelor's Degree or related subject matter

Work Experience

5 - 6 years of experience in an area related to commercial lending including special assets, loan review, credit administration and / or lending

General Employee Knowledge, Skills, and Abilities

• Ability to establish effective working relationships among team members and participate in solving problems and making decisions
• Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written
• Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information
• Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information
• Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills and Abilities

• Team player
• Strong organizational skill
• Proven organizational and critical thinking skill
• Ability to analyze detailed financial data
• Strong computer skills, including word processing and spreadsheets
• Excellent interpersonal skills with a team-oriented approach
• Ability to analyze data, along with understanding bankruptcy, foreclosures, and repossession process

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. At Northwest, we’re here for what's next. Whether we're finding opportunities for families, businesses and communities or opening doors for our team, we share a passion for helping the people around us succeed. And we know that in order to provide the highest level of care, we need to understand unique experiences and perspectives. That's why, whether you're interested in a corporate role or something customer-facing, your talent and voice matter. Here, you belong.

Working at Northwest, you'll find that we recognize our employees for the important work they do through competitive compensation and benefits, professional development opportunities and by regularly celebrating wins along the way. So, take a look at the opportunities here. And join us as we move into the future making a difference for the people we serve.