workout officer

Responsibilities include but are not limited to:

Lead the end to end management of a portfolio of criticized classified and non-performing commercial loans. Develop and execute strategic and legal action plans for each relationship for cost-effective maximum recovery for the bank. Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower-operating trends. Identify emerging risks early and take immediate corrective action to minimize loss exposure. Conduct financial, cash flow, collateral, and global exposure analyses to determine the most effective workout strategy. Recommend forbearance structures, repayment strategies, liquidations, or exits based on quantitative and qualitative assessments. Prepare clear, defensible credit memoranda and recommendations for senior credit authorities. Lead negotiations with borrowers, guarantors, and third parties with a firm, disciplined approach that prioritizes the banks recovery and risk position. Establish performance expectations, enforce compliance timelines, and escalate when borrowers fail to meet requirements. Build professional but authoritative borrower relationships that drive transparency and accountability. Partner closely with internal and external legal counsel on litigation, bankruptcy, foreclosure, receivership, and other enforcement actions. Ensure full adherence to regulatory guidance, including OCC requirements for problem loan oversight, classification accuracy, and documentation integrity. Maintain complete and audit-ready files, action plans, and system records. Provide clear direction and subject matter expertise to internal partners, including credit risk operations, valuation teams, and senior management. Communicate credit deterioration, strategic options, and projected losses with precision and urgency.

Portfolio Management Responsibilities

Lead the end to end management of a portfolio of criticized classified and non-performing commercial loans. Develop and execute strategic and legal action plans for each relationship for cost-effective maximum recovery for the bank. Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower-operating trends.

Risk Management and Analysis

Identify emerging risks early and take immediate corrective action to minimize loss exposure. Conduct financial, cash flow, collateral, and global exposure analyses to determine the most effective workout strategy. Recommend forbearance structures, repayment strategies, liquidations, or exits based on quantitative and qualitative assessments.

Relationship Building and Negotiation

Lead negotiations with borrowers, guarantors, and third parties with a firm, disciplined approach that prioritizes the banks recovery and risk position. Establish performance expectations, enforce compliance timelines, and escalate when borrowers fail to meet requirements. Build professional but authoritative borrower relationships that drive transparency and accountability.

Collaboration and Compliance

Partner closely with internal and external legal counsel on litigation, bankruptcy, foreclosure, receivership, and other enforcement actions. Ensure full adherence to regulatory guidance, including OCC requirements for problem loan oversight, classification accuracy, and documentation integrity. Maintain complete and audit-ready files, action plans, and system records.

Communication and Expertise

Provide clear direction and subject matter expertise to internal partners, including credit risk operations, valuation teams, and senior management. Communicate credit deterioration, strategic options, and projected losses with precision and urgency.