Loan Workout Officer - (US-FL-Maimi )

Compensation: $100K - $120K / Year
Minimum Education: Bachelors
Job Type: Full Time
Jobcode: LWO
Email this job to yourself or to a friend | Job Match Test | Resume Guide

Loan Workout Officer
Position will be responsible for the collection/recovery/or rehabilitation of assigned commercial problem loans and other bank assets. The primary job responsibility of an assigned commercial loan portfolio with the goal of maximizing the recovery of that portfolio while minimizing the expense and risk exposure. Duties of managing such a portfolio usually includes developing and installing workout plans, valuing the collateral, reviewing and preparing loan documents, engaging counsel to assist in collection, foreclosing upon collateral and liquidating collateral.
Other responsibilities may include preparing periodic reports for the department and executive management; collateral/site inspections; and customary collection routines. Some travel will be required depending upon the location of the collateral or borrower.
Requirements:
BA or equivalent. Prefer a minimum of 3-5 years commercial loan collection experience and/or 5-7 years bank lending experience. A working knowledge of Microsoft office systems. Word, Access, Excel. Must be well organized and able to function at a high intensity level in a sometimes stressful environment. Must possess good written and verbal communication skills as this position will be in communication with all levels of senior and executive bank management, vendors and customers.