Senior Credit Workout Officer IV

OH0713 NW Bancshares HQ, PA0736 Administration Center

Job Description

The Senior Credit Workout Officer IV is responsible for a variety of duties including meeting with borrowers and evaluating management teams and business plans to determine whether or not to retain or exit credit, while negotiating with professionals to establish a workout or exit plan.

Essential Functions

Ensure integrity of loan documentation

Review loan documents to confirm perfection of collateral

Analyze financial statements

Identify and resolve problems / issues

Record all agreements and conversations

Prepare correspondence and documentation for workout/exit plan

Discuss credit grades and workout procedures

Issue demand letters

Monitor collection activity and bankruptcies

Obtain judgments

Establish workout or exit plans

Report agreed payment terms and plans

Locate and inspect collateral

Coordinate foreclosures

Partner with loan officers

Prepare for litigation

Coordinate liquidation and sale of assets with appropriate staff and counsel

Order appraisals

Initiate charge offs and write downs

Negotiate with professionals to establish a workout or exit plan

Interact with other financial institutions and examiners

Recommend the best loss mitigation strategy

Work with minimal direct supervision and use independent judgment and decision making

Prepare reviews and quarterly reports on loan portfolio

Recommend improvements to workout policies and procedures

Build relationships with internal customers

Maximize available technology tools

Minimize departmental costs

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 business / accounting or finance degree or related subject matter

Work Experience

8 - 12 years of experience in an area related to commercial lending including special assets, loan review, credit 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

Good organizational skills

Ability to analyze data, bankruptcy, foreclosures, and repossession

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