Senior Credit Workout Lead — Special Assets

LE001 Northwest Bank; New York (NY); On-site; USD 115,000 - 135,000; Full time

Job summary

Northwest Bank seeks a Senior Credit Workout Officer IV to assess borrowers, management teams, and business plans to decide on credit retention or exit, while negotiating workout plans with professionals. The role emphasizes thorough review of loan documents and collaboration with loan officers.

The position requires analyzing financial statements, coordinating foreclosures or liquidations, and preparing documentation and quarterly reviews of the loan portfolio, with opportunities for bonus

Qualifications

• Bachelor's degree in business, accounting, finance, or related field.
• 8–12 years of experience in commercial lending including special assets, loan review, credit.
• Strong analytical and decision-making abilities.

Responsibilities

• Ensure loan documentation integrity.
• Review collateral perfection in loan documents.
• Analyze financial statements and debt covenants.
• Identify, resolve, and communicate issues and workout plans.
• Coordinate foreclosures and collateral liquidation.
• Negotiate workout or exit plans with professionals.
• Monitor collections and report payments.
• Prepare reports on loan portfolio.

Skills

Loan documentation

Collateral review

Financial analysis

Negotiation

Communication

Education

Bachelor's degree in business / accounting / finance

Tools

Microsoft Office

Job description

Northwest Bank seeks a Senior Credit Workout Officer IV to assess borrowers, management teams, and business plans to decide on credit retention or exit, while negotiating workout plans with professionals. The role emphasizes thorough review of loan documents and collaboration with loan officers.

The position requires analyzing financial statements, coordinating foreclosures or liquidations, and preparing documentation and quarterly reviews of the loan portfolio, with opportunities for bonus