What are the responsibilities and job description for the Workout Officer II position at Citizens Bank?
Description
The C&I Workout Officer II delivers proactive management of a substandard portfolio of 10 to 15 C&I loans to minimize credit losses, ensure return matches risk and, where possible, return customers to a satisfactory rating. Our group is focused on a rescue culture to retain as many clients as possible. If you enjoy solving problems and coming up with innovative solutions, this is a great opportunity for you!
Portfolio and job highlights:
- A mixture of Bi-lateral and Syndicated loans, both as participant and agent, with individual Citizens Bank exposure averaging $10MM .
- Working alongside a team leader to devise strategies, negotiate and structure transactions, obtain credit approval and document accordingly.
- Financial and liquidity analysis, enterprise valuation assessment, and maintaining all required internal and external reporting.
Qualifications
- 5 yrs of Commercial Banking Experience, preferably in a C&I environment
- 5 yrs experience in loan documentation and relevant Uniform Code and Bankruptcy considerations.
- Adaptability to a high paced and challenging work environment.
Desired qualifications
- Highly developed at persuasively presenting the Bank’s thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits.
- Excellent math and analytical skills.
- Excellent communication skills both oral and written.
- Excellent time management skills.
Education:
- Bachelor’s degree required
Hours and Work Schedule: 3 days in the office, 2 remote
Hours per Week: 40
Work Schedule: Monday-Friday
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Salary : $10 - $0
