VP, Commercial Loan Workout Officer

Tradition Capital Bank

Edina, MN

You are more than just a number; we are more than just a bank. At Tradition Capital Bank, we are partners in business and in life; building dreams and futures on one simple idea: strong one-on-one relationships.

We place our people in the right seats and position our employees to do what they love. Every person and every role matters: when we function together as One Team, we achieve extraordinary results. As each other's raving fans, we reach across titles and organizational structure to encourage one another.

Here at Tradition, we believe that when people work together with shared values and an open mind, anything is possible.

Tradition is always in the making; join us in celebrating our roots and being a part of what's next.

The Commercial Loan Workout Officer plays a key role in managing and overseeing the Bank's credit risk framework, loan portfolio performance, and problem loan resolution activities. This role partners closely with senior leadership to ensure strong credit governance, regulatory readiness, and proactive risk management while supporting the Bank's strategic growth objectives.

• Credit Administration & Loan Review: Under the direction of the Chief Credit Officer, maintain the Bank's Loan Policy and approval process. Coordinate audit and exam preparation, including data compilation and reporting. In conjunction with the Loan Review function, execute the Company's Board-approved Loan Review program, conducting reviews of individual loans and relationships to ensure accurate assessment of asset quality, underwriting, documentation, and repayment performance.
  
  Review and approve credit actions if and as designated in the Bank's Loan Policy.
• Workout Management: Manage a portfolio of active problem loans across C&I and Commercial Real Estate of varying size and complexity. Develop and execute resolution strategies that maximize value, minimize loss, and control expenses. Analyze loan documentation, collateral, and borrower and guarantor financials; negotiate restructures and settlements; and initiate legal action when appropriate. Provide ongoing status updates on workout loans to management and the Loan Committee.
• Credit Risk Management & Portfolio Analysis: Responsible for analysis and reporting in support of Enterprise Risk Management and Credit Administration objectives as determined by the Chief Credit Officer and the company's strategic plan. Perform portfolio stress testing, sensitivity analysis, and risk stratification to identify emerging risks and potential weaknesses. Prepare periodic reporting for management, Loan Committee, Board of Directors, and Audit Committee, including loan review results and workout portfolio status.
  
  Ensure loans are risk rated timely and accurately in accordance with policy and regulatory guidance.
• Collaboration & Leadership: Collaborate closely with the Chief Credit Officer, Chief Risk Officer, Loan Review Officer, and lines of business on credit risk, workout strategies, and portfolio quality assessments. Serve as a liaison between credit, lending, and risk functions. Support regulatory and financial audits and examinations. Identify and implement process efficiencies and enhancements to risk management and client service. Develop and deliver training across credit and lending teams and may manage junior analysts and members of the Credit Administration team.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time without notice.

• A role model for our core values:
  Do the Right Thing, Get Stuff Done (G.S.D), One Team and Give Generously
• Demonstrated commitment to defect free, timely and caring client service
• Strong aptitude for detailed credit analysis and legal documentation review
• Excellent negotiation, communication, and creative problem-solving skills
• Thorough understanding of Tradition Capital Bank Loan Policy, Tradition Capital Bank Appraisal Policy, banking regulations, commercial and consumer underwriting, and loan documentation.
• Performs job responsibilities with a high level of accuracy and timeliness resulting in safety, soundness, regulatory compliance, and operational efficiency
• Independent decision maker within authority limits
• Strong leadership skills, with the ability to provide authoritative guidance to management, the Board and staff while maintaining collaborative and respectful professional relationships within the Bank
• Self-motivated and persistent in following through
• Able to perform at a high level in a fast-paced environment
• Flexible to change in a growing organization
• Excellent verbal and written communication skills
• Accountable for demonstrating compliance with the Bank Secrecy Act, Privacy of Consumer Financial Information and all…