SAG Workout Officer IV

General Function

Works in the Special Assets Group Corporate & Investment Banking Vertical Specialty Lending team to assist and direct in the orderly liquidation/exit and rehabilitation of very large and complex credits with a high dollar impact to the organization. Collaborates with the Portfolio Manager to maintain the portfolio by monitoring credits and formulating strategic plans to maximize returns to the Bank. Responsible and accountable for risk by exchanging ideas, elevating concerns, and following policies and procedures as defined.

Ensures actions and behaviors drive a positive customer experience while operating within the Bank's risk appetite.

• Collection of past due accounts
• Formulate and execute exit strategies on the largest and most complex administrative loans
• Recommend and negotiate the best course of action on large, complex administrative loans
• Collaborate with Portfolio Managers to obtain financial information needed to track covenants, exceptions, and approvals
• Work closely with the CIB Verticals on potential trouble credits
• Identify potential loss on administrative credits
• Complete required reporting, such as ALSR’s on administrative credits
• Maintain adequate credit and collateral files
• Identify when legal counsel is required given transaction complexity
• Coach and mentor junior workout officers
• Attend admin loan meetings to present collection updates and strategies
• Perform other duties as assigned

None.

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

Normal office environment with little exposure to dust, noise, temperature, and the like. Extended viewing of a CRT screen and travel required.

Total Base Pay Range:  –  USD annually. Eligible for incentive compensation based on company, line of business, and/or individual performance. Full benefit programs support physical, financial, emotional, and social well‑being.

Cincinnati, Ohio 45202.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status, or any other legally protected status.