Commercial Loan Workout/CRU Officer - Credit Resolution

SUMMARY: 

This position is responsible for administration of a portfolio of troubled and/or distressed Commercial and commercial real estate credits. The primary duties of this position include developing and implementing credit administration strategies that minimize the Bank’s potential loss on each assigned credit. This position requires a thorough knowledge of commercial credit underwriting and commercial collection practices, and the ability to effectively negotiate appropriate exit or remediation strategies with borrowers. This position works closely with Bank management, lending staff and legal counsel to protect the Bank’s interests and ensure compliance with all applicable laws and regulations. 

ESSENTIAL DUTIES AND RESPONSIBILITIES: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. 

Review loan files upon assignment to understand the transaction and circumstances. 

Takes appropriate action to enforce the Bank’s right or position with respect to the loan and collateral. 

Discuss issues with supervisor, other management personnel, and/or legal counsel to develop strategies and solutions. 

Appropriately document loan files with respect to action taken and pertaining to each assigned account. 

Works with third parties when appropriate to dispose of collateral. 

Interacts with and directs the activities of commercial banking officers on accounts that are being handled on a shared responsibility basis. 

Review, analyze and interpret financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower. 

Respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. 

Maintain a comprehensive knowledge of applicable state and federal regulations relating to collections and/or workouts and ensure that the Bank’s policies and procedures are compliant with the same. 

Develop and implement credit administration strategies that minimize the Bank’s potential loss. 

Work with department management, Executive Management, Credit Officers and legal counsel to ensure assigned accounts are managed in accordance with Bank’s Credit Policy and applicable laws and regulations. 

Make, review, and approve foreclosure sale bid recommendations 

Review and evaluate real estate and equipment liquidation scenarios for CRU officers 

Review foreclosure bidding instructions for CRU officers and provide input on the same 

Review and evaluate collateral for commercial lenders as needed 

Act as the liaison between the department and vendors for real estate, equipment, vehicle sales as needed 

OTHER REQUIREMENTS: 

Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing.  You will also be expected to complete all assigned compliance training in a timely manner. 

Professional appearance and demeanor 

Possess clear, concise, effective written and oral communication skills to effectively express thoughts, ideas and concepts to bank employees and bank customers. 

Ability to identify redundancies and inefficiencies, make recommendations and successfully implement a solution. 

Ability to quickly assess a situation and make a decision. 

Ability to work in a fast-paced environment with competing demands of time and resources. 

Demonstrate confidence, assertiveness, professionalism and ability to interact with all levels of the organization. 

Ability to identify and assess issues and make appropriate recommendations or decisions. 

Ability to use technological resources to maximize efficiency. 

Effective organizational skills with attention to detail and promptness. 

Good negotiation skills. 

Understanding of residential and commercial facilities and knowledge of building codes. 

MS Office, including Word, Excel and Outlook. 

Must have a valid driver’s license 

Overnight travel is required 

Qualifications:

College degree strongly preferred.  

Minimum of 3 years’ experience in commercial Banking or Loan Review required. 

Previous knowledge and experience in the maintenance and sale of real estate is required.  

Knowledge of vehicle and equipment evaluation is preferred. 

Construction project management is preferred.