SAG Workout Officer III-Remote
Core
Manage the orderly liquidation, exit, and rehabilitation of large and complex credits to maximize returns for the bank.
Role type
Senior IC workout officer (credit administration)
Builds
Exit strategies and recovery plans for troubled administrative loans
Domain
Banking / Credit Risk / Loan Administration
Required skills
Credit policy analysis, bankruptcy law knowledge, negotiation, financial covenant tracking, risk assessment, reporting, mentoring
Preferred skills
Bachelor's in accounting/finance/economics, 8-10 years experience, analytical problem solving
Technologies
Windows-based word processing and spreadsheet applications
Responsibilities
Collect past due accounts, formulate and execute exit strategies, negotiate actions on complex loans, track financial covenants, identify potential losses, complete required reporting, maintain credit/collateral files, mentor junior officers, present collection updates at meetings
Seniority
Senior, hands-on IC