- Professional
- Escritório em Columbus
Job Description
The Credit Workout Officer II is responsible for performing a variety of duties including meeting with borrowers, evaluating management teams, and business plans to determine whether to retain or exit credit.
Essential Functions
- 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 with regards to workout plan
- Discuss grades and workout procedures
- Issue demands letters
- Monitor collection activity, and bankruptcies
- Obtain judgments
- Establish Workout plans
- Report agreed payment terms and plans
- Locate collateral / inspection
- Coordinate foreclosures
- Partner with loan officers
- Prepare for litigation
- Coordinate sale of acquired assets / with appropriate staff, liquidation of assets and sales, and legal plan action with counsel
- Order appraisals
- Initiate Charge-offs / write downs
- Prepare reviews on workout loans, and quarterly workout updates
- Familiarity with & knowledge of the SBA Standard Operating Procedures (SOP).
- Liquidation of SBA 7 & 504 Loans
- Participate in quarterly SAG Watch Calls and preparation of CRIT Forms
- Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
- Navigate Microsoft Office Software, computer applications, and software specific to the department to maximize technology tools and gain efficiency
- Work as part of a team
- Work with on-site equipment
Education and Experience preferred
- Bachelor’s degree in business, accounting, finance or related
- 3-5 years of experience related to commercial lending including special assets, loan review, credit and / or lending
- Ability to analyze data related to bankruptcy, foreclosure, and repossession
This position will be performed onsite Monday - Thursday with Friday an option work from home day.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
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