Loan Workout Officer - Commercial Real Estate
Core
Manages a portfolio of distressed commercial real estate and multifamily loans, executing workout strategies to preserve principal and prevent charge-offs.
Role type
Senior IC loan workout officer (commercial real estate)
Builds
Distressed loan recovery strategies and credit risk mitigation plans
Domain
Commercial banking / Real estate finance
Deliverable
client delivery
Required skills
Financial analysis, credit risk assessment, negotiation, loan covenant enforcement, regulatory compliance, financial forecasting, reserve analysis, litigation support
Preferred skills
Experience at an OCC regulated institution, advanced familiarity with loan databases
Responsibilities
Manage end-to-end classified commercial real estate/multifamily loan portfolios; Prepare credit approval memos with financial analysis and collateral assessments; Identify emerging credit risks and implement corrective actions; Develop and execute workout strategies to maximize recovery; Lead negotiations with borrowers, guarantors, and third parties; Monitor and enforce loan covenants and action plans; Perform quarterly reserve analysis and charge-off calculations.
Seniority
Senior, hands-on IC