Senior Credit Workout Officer – Special Assets

Northwest Bank; North Carolina; On-site; USD 85,000 - 120,000; Full time

Job summary

Northwest Bank is seeking a Credit Workout Officer III to guide loss mitigation strategies for commercial loans. The role involves meeting borrowers, evaluating management teams, and reviewing business plans to decide on retention or exit.

You will prepare loan recaps, analyze financial statements, assign risk ratings, and coordinate with loan officers to optimize workout outcomes and asset recovery.

Qualifications

• Ability to analyze loan portfolios and financial statements.
• Experience with special assets, loan review, and credit administration.
• Strong judgment and decision-making in workout scenarios.

Responsibilities

• Prepare loan recaps and financial spreads for reviews.
• Evaluate management and business plans to determine retention or exit strategies.
• Coordinate workout plans and monitor repayment terms and collateral.

Skills

Credit analysis

Financial analysis

Communication skills

Decision making

Team collaboration

Education

Bachelor's Degree

Tools

Microsoft Office

Job description

Northwest Bank is seeking a Credit Workout Officer III to guide loss mitigation strategies for commercial loans. The role involves meeting borrowers, evaluating management teams, and reviewing business plans to decide on retention or exit.

You will prepare loan recaps, analyze financial statements, assign risk ratings, and coordinate with loan officers to optimize workout outcomes and asset recovery.