Senior AVP: Loan Workout & Portfolio Manager

This is a hybrid position with experience in both Loan Workout and Portfolio Management. A Loan Workout Officer is a critical player in the banking and financial sectors, dedicated to managing distressed loan portfolios and developing strategies for loan recovery and restructuring.

MAJOR RESPONSIBILITIES

• Review and analyze troubled loan portfolios to identify potential recovery strategies.
• Negotiate loan terms with borrowers to facilitate loan restructuring and workout plans.
• Prepare and present detailed reports on loan statuses and proposed recovery actions to senior management and Credit Committee.
• Collaborate with legal teams to ensure compliance with all regulatory requirements during loan workouts.
• Develop and implement recovery plans that align with the organization’s financial objectives.
• Monitor and track the progress of restructured loans to ensure adherence to new terms.
• Engage with external consultants and advisors to enhance recovery strategies.
• Conduct site visits and meetings with borrowers to assess their financial situations.
• Evaluate collateral and make recommendations on asset liquidation as necessary.
• Account management responsibility for any CRE Criticized / Classified or Pass rated loans.
• Provide ongoing credit oversight and portfolio management of the CRE loan portfolio through annual reviews, monitoring of covenant compliance and the creation and maintenance of “Watch List” credits.
• Analyze income producing properties and/or business financial statements/ tax return and identify financial ratios and trends.
• Ensure annual review and covenant compliance are completed.
• Work with the SVP / Director of Portfolio Management in in all matters related to the management of troubled CRE assets.
• Manage portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
• Ensures all responsibilities are carried out in accordance with applicable federal, state, and local laws, regulations, and organizational policies, maintaining the highest standards of ethical and legal compliance.
• Order appraisals, flood searches, and credit reports.

JOB REQUIREMENTS

Education:

College Degree

Experience:

• Bachelor’s degree in finance, Business Administration, or a related field.
• Experience in workout of loans or financial rehabilitation.
• Strong negotiation and problem-solving skills.
• Knowledge of regulatory requirements related to loan recovery.
• Excellent communication and interpersonal skills.
• Proficiency in financial analysis and reporting tools.
• Advanced understanding of loan documentation and credit analysis.
• Ability to manage multiple projects and deadlines effectively.
• Minimum 5+ years of experience in a similar role.
• Strong understanding of loan structures and credit risk.
• Ability to analyze financial statements and borrower profiles.
• Proficiency in spreadsheet and financial software applications.
• Excellent organizational skills and attention to detail.
• Effective communication skills, both written and verbal.
• Ability to work independently and make informed decisions.