Senior Commercial Loan Workout Specialist

WesBanco, Inc.; Huntington (WV); On-site; USD 65,000 - 100,000; Full time

Job summary

WesBanco, Inc. in Huntington, WV seeks a credit administration professional to manage a portfolio of troubled and distressed commercial credits and commercial real estate exposures.

You will develop strategies to minimize potential losses and work with management, lenders, and counsel to protect the bank's interests. The role requires strong knowledge of commercial credit underwriting and collection practices, plus ability to negotiate exit or remediation strategies with borrowers, while

Qualifications

• Bachelor's degree in related field.
• 5 years of related experience or equivalent combination of education and experience.
• Minimum 3 years of experience in Commercial Banking, Portfolio Management or Loan Review; 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 cash flow 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.

Education

Bachelor's degree in related field

5 years of related experience or equivalent combination of education and experience

Job description

WesBanco, Inc. in Huntington, WV seeks a credit administration professional to manage a portfolio of troubled and distressed commercial credits and commercial real estate exposures.

You will develop strategies to minimize potential losses and work with management, lenders, and counsel to protect the bank's interests. The role requires strong knowledge of commercial credit underwriting and collection practices, plus ability to negotiate exit or remediation strategies with borrowers, while