Senior Loan Workout Officer (Remote)

Fifth Third Bank; Cincinnati (OH); Remote; USD 97.000 - 208.000; Vollzeit

Zusammenfassung

Fifth Third Bank is seeking a SAG Workout Officer III-Remote to assist and direct in the orderly liquidation/exit and rehabilitation of large credits with high dollar impact. You will collaborate with Portfolio Managers to maximize returns, monitor credits and drive strategic plans while maintaining risk controls and customer focus.

The role requires 8–10 years of workout banking experience, deep understanding of credit policies, and strong negotiation and analytical skills.

Qualifikationen

• Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required.
• Typically requires 8 - 10 years workout or related banking experience.
• Deep understanding of credit policies, procedures and decisioning tools.
• Knowledge of bankruptcy law and related legal proceedings.
• Requires strong oral, written communication, and negotiation skills.
• Ability to access, analyze and recommend the best course of action in difficult credit situations.
• Possess analytical and problem solving skills.
• PC proficiency with Windows based word processing and spreadsheet applications.

Aufgaben

• Collection of past due accounts
• Formulate and execute exit strategies on large and complex administrative loans
• Recommend/Negotiate best course of action on large and complex Administrative Loans
• Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
• Work closely/assist the Wholesale Line of Business on potential trouble credits
• Identification of potential loss on administrative credits
• Complete required reporting; such as ALSR's on administrative credits
• Maintain adequate credit/collateral files
• Identify when legal counsel is required given transaction complexity
• Serve as coach and mentor to junior workout officers
• Attend Admin Loan Meetings to present collection update and strategy
• Other duties as assigned

Kenntnisse

Credit policies

Negotiation skills

Analytical skills

Oral & written communication

Problem solving

Microsoft Office

Ausbildung

Bachelor's in accounting/finance/economics

Tools

Microsoft Office

Jobbeschreibung

Fifth Third Bank is seeking a SAG Workout Officer III-Remote to assist and direct in the orderly liquidation/exit and rehabilitation of large credits with high dollar impact. You will collaborate with Portfolio Managers to maximize returns, monitor credits and drive strategic plans while maintaining risk controls and customer focus.

The role requires 8–10 years of workout banking experience, deep understanding of credit policies, and strong negotiation and analytical skills.