Credit Workout Officer III

OH0713 NW Bancshares HQ, PA0736 Administration Center

Job Description

Credit Workout Officer III is responsible to recommend the best loss mitigation strategy to Northwest, improve the quality and process of the Special Assets area; while also performing a variety of duties including meeting with borrowers, evaluating management teams, and business plans to determine whether or not to retain or exit credit.

Essential Functions

Prepare the appropriate loan recaps

Spread, review and analyze financial statements for new loans, maturity extensions, restructures and renewals

Conduct annual reviews and assign risk rat

Recommend proper loan structure

Identify credit strengths, weaknesses and mitigating factors

Assist in determining the appropriate level of underwriting and due diligence for the credit’s risk profile, and workout staff participating in joint calls as needed

Maintain a work knowledge of macro-economic issues in local markets

Engage counsel when appropriate on behalf of Northwest

Discuss grades and workout procedures

Issue demands letters

Monitor collection activity, and bankruptcies

Obtain judgments

Establish Workout plans on behalf of Northwest

Report agreed payment terms and plans

Locate collateral / inspection

Partner with loan officers

Coordinate sale of acquired assets / with appropriate staff, liquidation of assets and sales, legal plan action with counsel, and foreclosures

Order appraisals

Initiate Charge-offs / write downs

Work with minimal direct supervision and requires the use of independent judgment and decision making

Maximize technology tools available

Prepare management reports as required, and for litigation

Responsible for all compliance and audit-related matters in area of responsibility

Participate in special projects as required

Remain current on all bank rules and regulations relating to Credit Administration

Coordinate foreclosures

Recommend improvements to procedures

Build relationships with internal customers

Maximize technology tools available

Minimize departmental non-payroll costs

Monitor, develop and suggest revisions to workflows and procedures as necessary to enhance efficiency and minimize expenses

Familiarity with & knowledge of the SBA Standard Operating Procedures (SOP)

Managing workout process for SBA 7 & 504 Loans

Participate in quarterly SAG Watch Calls and Preparation of Crit Forms.

Additional Essential Functions

Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations

Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency

Work as part of a team

Work with on-site equipment

Safety and Health for those without supervisory duties

Abide by the rules of the safety and loss prevention program

Perform work tasks in a safe manner

Report any and all injuries to supervisor

Know what to do in case of an emergency

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education

Bachelor's Degree or related subject matter

Work Experience

5 - 6 years of experience in an area related to commercial lending including special assets, loan review, credit administration and / or lending

General Employee Knowledge, Skills, and Abilities

Ability to establish effective working relationships among team members and participate in solving problems and making decisions

Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience, whether oral or written

Ability to actively listen to what others are saying to achieve understanding, sharing information with others and facilitating the open exchange of ideas and information

Ability to establish courses of action for self to accomplish specific goals, develop and use tracking systems for monitoring own work progress, and effectively use resources such as time and information

Ability to make right decisions based on perceptive and analytical processes, practicing good judgment in gray areas

Additional Knowledge, Skills and Abilities

Team player

Strong organizational skill

Proven organizational and critical thinking skill

Ability to analyze detailed financial data

Strong computer skills, including word processing and spreadsheets

Excellent interpersonal skills with a team-oriented approach

Ability to analyze data, along with understanding bankruptcy, foreclosures, and repossession process

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.