Commercial Workout Relationship Manager

Here at Commercial Alliance, we do more together. We thoughtfully prepare, we get stuff done, and we celebrate. Our colleague experience is second to none, attracting top talent from across the industry.

• Supportive Teams
• Inspiring spaces to work, recharge and collaborate

• Competitive Compensation
• Medical, Dental, and Vision Benefits
• Life Insurance
• Paid Time Off:
  Including vacation, sick days, bereavement, jury duty, disability, and holidays
• Employee Assistance Program
• 401k Match
• Tuition Reimbursement

Location: Troy, MI

Job :172

# of Openings:1

The Commercial Workout Relationship Manager will Develop workout plans for potential high-risk loans while mitigating risk for the Credit Unions. Develop strategies to best position lenders and borrowers collateral, equity, other assets and loan documents. Perform analysis of credit relationships on the Credit Union’s watch list, collaborate with Loan Officers and ensure adequate loan loss reserves for classified credits. Ensure the Loan Workout function is conducted in accordance with all Credit Union policies, procedures, and applicable statutory and regulatory requirements.

Emphasis is placed on recovery of assets if restructuring is not feasible.

• Manage a commercial loan portfolio of criticized credits from various Credit Union affiliates by interacting with attorneys, creditors, internal credit and policy officials, lenders and other third parties as necessary.
• Develops effective workout plans for commercial loans with established legal bounds in order to shield the organization from potential lender liability
• Performs loan reviews of the problem credits with the ability to properly analyze any financial and or documentation issues
• Evaluates, manages, and markets the Credit Union owned property including Other Real Estate Owned, in order to maximize financial return to the Credit Union
• Consults on deteriorating credits, at the recommendation of Senior Management, Loan Committee or Loan Review committee and recommends the appropriate course of action to the Officer in handling a problem account
• Appropriately monitors the progress of workout accounts and recommends any required changes in action necessary to minimize and prevent loss
• Ability to effectively negotiate with Attorneys, Debtor companies, and other Creditors and Lending Employees to secure appropriate workout arrangements
• Recommends accounting changes for non-accrual and charged off loans
• Works to develop workout vendors (i.e., Attorneys, Property Managers, Environmental Experts and others, as necessary, in all geographic regions in which the CUSO has exposure)
• Oversees less complicated workouts being administered by CUSO Liaisons

• Restructuring adversely graded loans (Special Assets)
• Works closely with officials of borrowing entities to secure collateral, preserve the loan principal, collect interest, and prevent the loan from further deterioration
• On problem credits (Special Assets), works, collaborates with officials of borrowing entities to review, and restructure credit and repayment terms, secure collateral, attain an equity position, or otherwise establish recourse to other Borrower assets to prevent charge-off
• Manages the litigation process in coordination with inside and outside Counsel. Works closely with the CUSO’s Liaisons, Legal Department and Loan Operations
• Interacts with…