Senior Credit Workout Officer IV

Senior Credit Workout Officer IV

The Senior Credit Workout Officer IV is responsible for a variety of duties including meeting with borrowers, evaluating management teams and business plans to determine whether or not to retain or exit credit, while negotiating with professionals to establish a workout or exit plan.

• Ensure integrity of loan documentation
• Review loan documents for perfection of collateral
• Analyze financial statements
• Identify and resolve problems / issues
• Record all agreements and conversations
• Prepare correspondence and documentation for workout plan
• Discuss credit grades and workout procedures
• Issue demand letters
• Monitor collection activity and bankruptcies
• Obtain judgments
• Establish workout or exit plans
• Report agreed payment terms and plans
• Locate and inspect collateral
• Coordinate foreclosures
• Partner with loan officers
• Prepare for litigation
• Coordinate liquidation and sale of assets with appropriate staff and counsel
• Order appraisals
• Initiate charge offs and write downs
• Negotiate with professionals to establish a workout or exit plan
• Interact with other financial institutions and examiners
• Recommend the best loss mitigation strategy
• Work with minimal direct supervision and use independent judgment and decision making
• Prepare reviews and quarterly reports on workout loans
• Recommend improvements to workout policies and procedures
• Build relationships with internal customers
• Maximize available technology tools
• Minimize departmental costs
• Ensure compliance with Northwest's policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment

• Bachelor's degree in business / accounting or finance degree or related subject matter
• 8-12 years of experience in an area related to commercial lending including special assets, loan review, credit and / or lending
• Ability to analyze data, bankruptcy, foreclosures, and repossession

This position is based onsite Monday - Thursday with Friday as an optional work from home day.

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.