Head of Special Assets/Loan Workout

Metropolitan-Commercial-Bank; New York (NY); Vor Ort; USD 215.000 - 250.000; Vollzeit

Benefits dieser Stelle

Hybrid work arrangement

Zusammenfassung

Metropolitan Commercial Bank in New York, NY seeks an SVP Loan Workout Officer to manage distressed loan portfolios, develop recovery strategies, and supervise restructurings. The role reports to the CEO and blends in-office work with one remote day weekly.

The position requires a strong background in loan management, credit risk, negotiation, and regulatory compliance, with a drive to use AI-enabled insights for better outcomes.

Qualifikationen

• Bachelor's degree in Finance, Business Administration, or a related field.
• Experience in loan management or financial rehabilitation. Strong understanding of loan structures and credit risk.
• Strong negotiation and problem-solving skills.
• Knowledge of regulatory requirements related to loan recovery.
• Excellent communication and interpersonal skills.

Aufgaben

• Review and analyze troubled loan portfolios to identify potential recovery strategies.
• Negotiate loan terms with borrowers to facilitate loan restructuring and workout plans.
• Prepare and present detailed reports on loan statuses and proposed recovery actions to senior management.
• Collaborate with legal teams to ensure compliance with all regulatory requirements during loan workouts.
• Develop and implement recovery plans that align with the organization’s financial objectives.
• Monitor and track the progress of restructured loans to ensure adherence to new terms.
• Engage with external consultants and advisors to enhance recovery strategies.
• Conduct site visits and meetings with borrowers to assess their financial situations.
• Evaluate collateral and make recommendations on asset liquidation as necessary.
• Participate in training sessions to stay updated on financial regulations and industry best practices.

Kenntnisse

Loan management

Credit risk analysis

Negotiation

Regulatory knowledge

Communication skills

Financial analysis tools

Credit documentation

Financial statement analysis

Spreadsheet proficiency

Attention to detail

Independent decision making

AI in finance curiosity

Ausbildung

Bachelor's degree in Finance, Business Administration, or a related field

Jobbeschreibung

Metropolitan Commercial Bank ("MCB" or the "Bank") is a New York City–based, full-service commercial bank providing tailored banking solutions to businesses, institutions, and individuals. Founded in 1999, MCB operates banking centers in Manhattan and Boro Park, Brooklyn, within New York City, as well as in Great Neck on Long Island, New York, and Lakewood, New Jersey. The Bank recently expanded to Miami, Florida with their newest Brickell banking center.

Metropolitan Commercial Bank offers a comprehensive suite of commercial, business, and personal banking products and services to small businesses, middle-market and corporate enterprises, private and public institutions, municipalities, and local government entities.

The Bank has earned national recognition for its financial performance, innovation, and strategic growth. The Bank was named one of Newsweek's Best Regional Banks in 2024 and 2025. Additionally, MCB recently received Editor's Choice recognition at the Banking Tech Awards USA for Digital Onboarding & Omnichannel Banking and in 2026, the Bank earned Great Place To Work certification and received the Web Award Standard of Excellence for MCBankNY.com.

We are a client-focused organization that values technological innovation and excellence. A strong technical mindset, AI fluency, and adaptive skills are essential for our employees to effectively contribute to our mission and drive our success. We foster human–AI teaming and strong governance to ensure technology is used responsibly and in alignment with Bank policies and procedures. For more information about the Bank, please visit the Bank’s website at MCBankNY.com.

Position Summary:

The SVP Loan Workout Officer is dedicated to managing distressed loan portfolios and developing strategies for loan recovery and restructuring. They serve as a bridge between financial institutions and borrowers, working diligently to find mutually beneficial solutions that mitigate losses and help borrowers regain financial stability.

This position will report to the Chief Executive Officer.

Standard 4-day in-office requirement, 1 day remote (of your choosing and subject to manager’s approval).

Essential Functions & Responsibilities

• Review and analyze troubled loan portfolios to identify potential recovery strategies.
• Negotiate loan terms with borrowers to facilitate loan restructuring and workout plans.
• Prepare and present detailed reports on loan statuses and proposed recovery actions to senior management.
• Collaborate with legal teams to ensure compliance with all regulatory requirements during loan workouts.
• Develop and implement recovery plans that align with the organization’s financial objectives.
• Monitor and track the progress of restructured loans to ensure adherence to new terms.
• Engage with external consultants and advisors to enhance recovery strategies.
• Conduct site visits and meetings with borrowers to assess their financial situations.
• Evaluate collateral and make recommendations on asset liquidation as necessary.
• Participate in training sessions to stay updated on financial regulations and industry best practices.

Qualifications & Skills

• Bachelor's degree in Finance, Business Administration, or a related field.
• Experience in loan management or financial rehabilitation. Strong understanding of loan structures and credit risk.
• Strong negotiation and problem-solving skills.
• Knowledge of regulatory requirements related to loan recovery.
• Excellent communication and interpersonal skills.
• Proficiency in financial analysis and reporting tools.
• Advanced understanding of loan documentation and credit analysis.
• Ability to analyze financial statements and borrower profiles.
• Proficiency in spreadsheet and financial software applications.
• Excellent organizational skills and attention to detail.
• Effective communication skills, both written and verbal.
• Ability to work independently and make informed decisions.
• Driven by a passion and curiosity to continuously learn how various technological systems, including AI, can enhance the work that you do.

Potential Salary: $215,000 - $250,000 annually

This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

MCB maintains a drug free workplace.

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For government reporting purposes, we ask candidates to respond to the below self-identification survey. Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

As set forth in Metropolitan Commercial Bank's Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

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