Workout Officer III (US)
Core
Manages workout of assigned adversely rated loans, negotiating terms and implementing liquidation plans for complex accounts.
Role type
Senior IC workout officer (risk management)
Builds
Repayment agreements and liquidation plans for delinquent loan accounts
Domain
Banking / Credit Risk Management
Deliverable
client delivery
Required skills
credit analysis, financial statement interpretation, workout strategy, negotiation, complex financing arrangement knowledge, asset liquidation, legal guidelines knowledge
Preferred skills
industry contacts, auction management, specialized financing arrangements
Responsibilities
Negotiate specific terms and conditions for complex agreements; coordinate with outside attorneys for complex accounts; implement liquidation plans including seizing assets and foreclosing real estate; attend auctions to make minimum bids; evaluate complex account information and prepare project plan documentation; develop complete workout plans including specialized financing arrangements; negotiate with borrowers and management to secure repayment; perform in-depth financial analyses and collateral reviews.
Seniority
Senior, hands-on IC