Compliance and Workout Officer

• Base Pay $87,000.00 - $90,000.00 / Year
• Employee Type FT Exempt
• Manage Others No

Now more than ever, you can help build a strong and inclusive economy by being part of a team that is expanding small business opportunities in Maine.

A professional with experience in the loan collections field…

A mindful communicator with tactful customer service skills…

Passionate about work that advances entrepreneurship and environmental and economic sustainabilityin Maine…

Then CEI is the place to put your talents and passions to work.

Headquartered in Maine, CEI is a community development finance institution that is a national leader in rural economic and business development. CEI's mission is tobuild a just, vibrant,and climate-resilient future for people and communities in Maine and rural communities. Wedo this by integrating finance, business expertise, and policy solutions in ways that make the economy workmore equitably.

Over 70 percent of our financing and advice go to businesses expanding opportunities for low-income communities, communities of color, and others who our economy has left behind. Learn more about working at CEI here .

Stewardship: As careful, responsible managers of the resources entrusted to us, we recognize that our decisions and actions have near- and long-term impacts for people and the planet

Equity :
We work to ensure that all people, especially those facing individual or system barriers to opportunity, can secure a livelihood that enables them to build assets and share prosperity.

Diversity: We engage diverse staff, board members, and partners who bring lived experience, community connections, and know-how to the problems we aim to solve.

Innovation: We foster creativity and entrepreneurial spirit at CEI, through our networks, and in the communities we serve.

Collaboration: We share knowledge, practices, and resources, and partner with people and organizations to deepen our mission impact.

As the Compliance and Workout Officer, you will manage loan repayment, workout, and collection activities for CEI. This position is responsible for delinquency control, establishment and management of loan loss reserves, recovery activities, and charge-off recommendations, while supporting the overall quality and performance of the loan portfolio. The Compliance and Workout Officer works closely with Loan and Investment Officers to navigate workout strategies, monitor accounts, and works with clients to maintain healthy relationships .

This position carries out duties while balancing CEI’s need to maintain a high performing loan portfolio with its mission to build a just, vibrant, and climate-resilient future for people and communities in Maine and rural areas.

You have experience in the loan credit and collections field.

You are able to manage sensitive matters in the field of credit administration.

You provide input in portfolio composition, including identification of macroeconomic trends and over exposure to industries, technologies or other risks.

You conduct portfolio monitoring and compliance.

Monitoring loan accounts to identify potential problems, delinquencies, and risk issues early.

Working with Loan and Investment Officers to determine the causes of delinquency and develop resolution strategies.

Engaging with borrowers to help cure delinquencies while maintaining positive customer relationships.

Participating in loan evaluation and approval through CEI’s Loan Group.

Leading recovery efforts on charged-off accounts, including collateral actions, enforcement of guarantees, negotiations with co-lenders, and representation of CEI’s interests in foreclosure, liquidation, and…