The loan workout officer manages a portfolio of problem loans, determines the cause of late payments and comes up with a collection plan.

FOCUS

• Manage a portfolio of criticized or classified credits consisting of large, complex commercial or real estate loans. Portfolio may also include large consumer real estate or unsecured loans
• Perform credit risk analysis
• Make collection recommendations to Special Assets Manager regarding collection strategies
• Prepare various collection letters to include demands, notices of acceleration, notices of offset, etc.
• Engage attorneys and manage the litigation process to Judgment
• Good familiarity with bankruptcies and understanding the differences between various chapters
• Make collection calls on past due loans
• Negotiate workout terms on problem loan
• Prepare forbearance agreements
• Negotiate the sale of bank loans
• Coordinate SBA/CDC guaranty payment claims
• Creativity in resolving complex credit problems
• Provide and complete accurate monthly reports to senior management
• Maintain discretion and confidentiality in all phases of handling sensitive data or account information

QUALIFICATIONS

Education/Certification: Bachelor’s degree in Business Finance or equivalent experience.

Experience Required: Minimum of five years of experience handling loss mitigation

Skills/Abilities:

• Moderate computer application skills; including Microsoft Office products such as Word, Excel, and PowerPoint.
• Excellent written and verbal communication skills.
• Solid knowledge of default management, loan workout, and loan servicing policies and practices.
• Ability to quickly assess problem loan situations and implement solutions to resolve same.
• Full understanding of the legal process
• Maintain professionalism when communicating with borrowers and others.
• Demonstrated ability to resolve conflicts and implement effective negotiation skills.
• Good organizational skills, or ability to prioritize and complete various tasks within deadlines.

THIS ROLE MAY BE LOCATED IN HOUSTON, DALLAS OR AUSTIN