Loan Workout Officer

Our client, a well-established regional bank serving the New York market, is seeking a Loan Workout Officer to manage and resolve criticized and classified credits. This role is responsible for minimizing loss exposure, negotiating restructuring strategies, and protecting the bank’s asset quality.

• Manage a portfolio of criticized, classified, and non-performing loans (C&I and CRE loans).
• Conduct detailed financial analysis, cash flow modeling, and collateral evaluation.
• Develop and execute workout strategies, including restructurings, forbearance agreements, modifications, and settlements.
• Negotiate directly with borrowers, guarantors, legal counsel, and other stakeholders.
• Prepare risk ratings, impairment analysis, and regulatory reporting documentation.
• Partner with credit, legal, and senior management to recommend action plans and risk mitigation strategies.
• Monitor restructured loans to ensure compliance with agreed terms.
• Support internal and external audits, regulatory exams, and loan review processes.

• 5+ years of experience in commercial credit, special assets, loan workouts, or restructuring within a banking environment.
• Strong knowledge of C&I and CRE underwriting and documentation.
• Experience with criticized/classified assets and regulatory frameworks (OCC/FDIC/FRB as applicable).
• Proficiency in financial statement analysis and cash flow modeling.
• Strong negotiation and communication skills.
• Experience working with legal counsel on enforcement actions and bankruptcy proceedings.
• Familiarity with New York commercial lending market.