Troubled Loan Recovery Specialist

Jobtailor; Seattle (WA); On-site; USD 120,000 - 190,000; Full time

Job summary

Jobtailor seeks a Senior Special Credits Officer to manage troubled commercial banking relationships and/or adversely graded loans. You will review financials and collateral, formulate action plans, and negotiate terms to mitigate losses.

Responsibilities include leading modification and forbearance efforts, coordinating with attorneys, and ensuring compliance with banking regulations while maintaining client confidentiality and professional communication.

Qualifications

• Strong experience with loan documentation, closing documentation, title reports, appraisals and supporting underwriting criteria.
• Experience in management of complex CRE and C&I relationships.
• Knowledge and experience with bankruptcy and foreclosure laws and processes.
• Experience in managing and disposing of business and income property assets.
• Excellent analytical and organizational skills and the ability to work independently and as a team with little supervision.

Responsibilities

• Manage troubled, commercial banking relationships and/or adversely graded commercial loans that have been assigned to the Senior Special Credits Officer.
• Obtain, review financial information and collateral valuations to assess current financial condition and repayments sources to formulate a recommended action plan.
• Analyze and negotiate modification and/or forbearance terms, as appropriate.
• Provide recommendations for appropriate action plans for assigned relationships.
• Mitigate losses through active engagement and administration of approved action plans including modifications or forbearances, foreclosure, receivership, deeds in lieu of foreclosure, short sales, and collateral disposition.

Skills

Analytical Skills

Organizational Skills

Professional Communication

Decision-Making

Team Collaboration

Loan Documentation

Financial Statement Analysis

Cash Flow Analysis

Forbearance Negotiation

Risk Rating Assessment

Legal Compliance

Microsoft Office

Data Management Systems

Tools

Microsoft Office

Data Management Systems

Job description

Jobtailor seeks a Senior Special Credits Officer to manage troubled commercial banking relationships and/or adversely graded loans. You will review financials and collateral, formulate action plans, and negotiate terms to mitigate losses.

Responsibilities include leading modification and forbearance efforts, coordinating with attorneys, and ensuring compliance with banking regulations while maintaining client confidentiality and professional communication.