Commercial Loan Workout Officer – To $90K – Crown Point, IN – Job # 3165
Who We Are
The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!
We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.
The Position
Our community bank client is seeking to fill a Commercial Loan Workout Officer role in the Crown Point, IN market. The successful candidate will be responsible for performing a variety of duties including meeting with C&I borrowers and evaluating businesses on all levels including financial and collateral management to determine the best strategy moving forward. This position will recommend and defend the best-negotiated strategies to the Bank that will maximize recoveries and minimize losses. It is important that the Loan Workout Officer follows all USDA and SBA guidelines as well as communicates with the USDA and SBA representatives according to the terms of their agreements. This position will also be responsible for conducting site visits to determine and report on the current status of operations.
The position includes a generous salary of up to $90K and an excellent benefits program.
Commercial Loan Workout Officer responsibilities include:
- Provide support to external customers in complex initiatives relating to bankruptcy filings to reduce delinquency and restructuring of loans within the Bankruptcy functional area
- Evaluate risk and analyze account information including financial statements and total relationship
- Coordinate and negotiate with trustees or attorneys in order to determine workout solutions
- Research account equity to determine full or partial charge-off
- Conduct research and determine the resolution for title and collateral perfection issues
- Review and research complex operational challenges that require research, evaluation, and selection of alternatives related to low to medium-risk deliverables
- Monitor portfolio for policy compliance and adhere to risk rating Identify opportunities for process improvements within the scope of responsibilities in the Loan Workout area
- Present recommendations for resolving complex situations and exercise independent judgment while developing expertise in the functions, policies, procedures, and compliance requirements
- Provide issue-specific training and participate in departmental projects
- Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals.
Who Are You?
You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.
You also bring the following skills and experience:
- A Bachelor’s degree in Business Administration, Accounting or Finance.
- At least 4 years of experience in commercial lending (C&I) including special assets, loan review, credit and/or lending.
- Firm knowledge of loan collection techniques, policies, procedures, and principles of credit lending; with specific knowledge of US Small Business Administration policies and procedures.
- Strong negotiation, interpersonal, project management analytical, negotiating and written and oral communication skills.
- Working understanding of loan collection, bankruptcy, foreclosure, repossession, regulations and legal collection processes.
- Thorough knowledge of commercial real estate finance, accounting and law.
- Minimum three years of US Small Business Administration loan experience.
The next step is yours. Email us your current resume along with the position you are considering to:
resumes@symicorgroup.com
