Commercial Loan Workout Officer Distressed Credit & Resolution

Title: Commercial Loan Workout Officer Distressed Credit & Resolution

Office Status: Hybrid New York, NY

Base Salary: $160k - $170k + Bonus

ABOUT THE ROLE

This is a senior individual contributor opportunity within the Special Assets / Workout function of a well-established and growing commercial bank, responsible for the strategic management and resolution of criticized, classified, and non-performing commercial credit relationships. The role carries real decision-making authority leading negotiations, driving recovery strategies, and partnering with legal counsel on enforcement actions making it an ideal fit for a seasoned workout professional who combines strong credit fundamentals with a decisive, assertive approach to distressed credit resolution. For candidates who thrive in high-stakes, complex credit environments and want meaningful ownership over outcomes, this is a compelling platform.

RESPONSIBILITIES

• Lead end-to-end management of a portfolio of criticized, classified, and non-performing commercial loans, developing and executing strategic action plans designed to maximize recovery for the institution
• Conduct comprehensive financial, cash flow, collateral, and global exposure analyses to determine the most effective workout strategy for each relationship
• Recommend and structure forbearance agreements, repayment strategies, liquidations, or exits based on rigorous quantitative and qualitative assessments
• Prepare clear, defensible credit memoranda and recovery recommendations for senior credit authorities
• Lead negotiations with borrowers, guarantors, and third parties with a firm, disciplined approach that prioritizes the bank's recovery and risk position
• Establish performance expectations and compliance timelines;escalate promptly when borrowers fail to meet requirements
• Partner closely with internal and external legal counsel on litigation, bankruptcy, foreclosure, receivership, and other enforcement actions
• Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower operating trends;identify emerging risks early and take immediate corrective action
• Ensure full adherence to regulatory guidance including OCC requirements for problem loan oversight, classification accuracy, and documentation integrity
• Maintain complete, audit-ready files, action plans, and system records
• Communicate credit deterioration, strategic options, and projected losses with precision and urgency to senior leadership and internal partners