Head of Special Assets/Loan Workout

Position Summary:

The SVP Loan Workout Officer is dedicated to managing distressed loan portfolios and developing strategies for loan recovery and restructuring. They serve as a bridge between financial institutions and borrowers, working diligently to find mutually beneficial solutions that mitigate losses and help borrowers regain financial stability

This position will report to the Chief Executive Officer

Standard 4-day in-office requirement, 1 day remote (of your choosing and subject to manager’s approval)

Essential Functions & Responsibilities

Review and analyze troubled loan portfolios to identify potential recovery strategies.
Negotiate loan terms with borrowers to facilitate loan restructuring and workout plans.
Prepare and present detailed reports on loan statuses and proposed recovery actions to senior management.
Collaborate with legal teams to ensure compliance with all regulatory requirements during loan workouts.
Develop and implement recovery plans that align with the organization’s financial objectives.
Monitor and track the progress of restructured loans to ensure adherence to new terms.
Engage with external consultants and advisors to enhance recovery strategies.
Conduct site visits and meetings with borrowers to assess their financial situations.
Evaluate collateral and make recommendations on asset liquidation as necessary.
Participate in training sessions to stay updated on financial regulations and industry best practices.

Qualifications & Skills:

Bachelor’s degree in Finance, Business Administration, or a related field.
Experience in loan management or financial rehabilitation. Strong understanding of loan structures and credit risk.
Strong negotiation and problem-solving skills.
Knowledge of regulatory requirements related to loan recovery.
Excellent communication and interpersonal skills.
Proficiency in financial analysis and reporting tools.
Advanced understanding of loan documentation and credit analysis.
Ability to analyze financial statements and borrower profiles.
Proficiency in spreadsheet and financial software applications.
Excellent organizational skills and attention to detail.
Effective communication skills, both written and verbal.
Ability to work independently and make informed decisions
Driven by a passion and curiosity to continuously learn how various technological systems, including AI, can enhance the work that you do.