Loan Workout Recovery Officer III - IV

OVERVIEW

Responsible for managing exposure of a segment of the Bank's adversely risk rated Commercial loans. Works closely with other lending and borrowing officers to review and restructure credit and repayment terms, address documentation/perfection issues and reduce probability of loss. Develops a network of alternative financing sources and financial consultants to assist when necessary to improve or move a relationship. May supervise other Commercial workout/recovery staff.

• Under supervision of the Special Assets Manager, works independently to develop and implement action plans to minimize bank exposure on large, more complex, adversely risk rated credits, which may include providing operating funds, as necessary, allowing the client time to improve, find alternative financing, or to facilitate a liquidation plan.
• Independently negotiate with clients and their attorneys and/or financial advisors, within established guidelines.
• Advise, recommend and implement the best course of action when a client has elected to file bankruptcy. Work with the bank's attorney to minimize legal costs and to maximize recovery during the bankruptcy proceedings.
• Provide support to Relationship Managers in developing action plans and monitoring adversely graded credits, which are not transferred to the workout officer.
• Assist in the development and training for junior officers in regard to problem loan workouts.
• Develop strategies to engage in difficult negotiations or presentations.
• As necessary in order to minimize risk to the Bank, is responsible for banking and financial needs of assigned relationship clients including all products and services offered by the Bank (International Banking, Private Banking, Real Estate, Cash Management, etc). Works with various product specialists to help ensure an integrated approach.
• Stays current on new products, methods/techniques, key industry trends, conditions and changes in laws, regulatory policies and accounting practices.
• Maintains and develops internal and external professional relationships.
• Controls and minimizes potential risks through proactive relationship management and thorough knowledge of compliance and risk management.
• Analyzes, creatively structures and prices loans to adhere to corporate credit policies and rate guidelines so that loan quality and profitability standards are met; maintains pricing strategies that are appropriate to applicable risk levels.
• Perform compliance and risk management duties as required or assigned. Performs other tasks as assigned by management, i.e., completion of various reports, profit planning, etc.

• Requires bachelor's degree and advanced degree in Finance, Accounting, Business or related specialized and professional workout training/education.
• Work experience in problem loan workouts, including preparing liquidation plans, bankruptcy procedures, and independent negotiations with client, attorneys and financial advisors and demonstrated successful relationship management, staff management and adverse credit workout experience, including proven competence with large, complex relationships.
• Working knowledge of Bank products and services.
• Proven analytical skills; ability to review and interpret complex data (determining risk, assessing complexity of accounts, analyzing financial statements, cash flows, etc).
• Excellent written and verbal communication skills; ability to analyze, synthesize and articulate complex ideas and communicate such to colleagues, team members, and clients
• Excellent interpersonal skills; ability to collaborate with and work effectively with diverse groups of people, managing conflict, negotiating for results and developing working relationships with potential and current clients
• Ability to set and achieve challenging goals.
• Regular, reliable attendance is require

LOAN WORKOUT RECOVERY OFFICER III: $89,158 - $133,795

LOAN WORKOUT RECOVERY OFFICER IV: $102,125 - $153,187

The compensation range represents the low and high end of the base compensation range for this position located in Spokane, Washington. Actual compensation will vary and may be above…