About this opportunity
Confidential lists this Commercial Loan Workout Officer opportunity in lincolnshire, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
The client is seeking a Hybrid Remote Commercial Loan Workout Officer to support assigned commercial customers through effective portfolio management and relationship building.
Ready to apply Before you do, make sure to read all the details pertaining to this job in the description below.
The role focuses on personal accountability, strong credit knowledge, and analytical skills, with the ability to manage credit-related processes for delinquent or at-risk borrowers.
Key responsibilities include coordinating the collection of information needed for portfolio reviews, reviewing loan files for completeness and proper collateral security, and communicating regularly with seriously delinquent borrowers to identify and counsel on appropriate workout options.
The officer will negotiate workouts with relevant parties through to final close, prepare credit presentations or memos with financial and collateral analysis, and recommend risk rating changes as appropriate, while providing customer service related to collections and resolving discrepancies and short payments.
The ideal candidate will have a bachelor’s degree in finance or a related field and at least 3–5 years of experience in a commercial lending role involving business development and credit administration, with prior credit analyst experience preferred.
Excellent communication and customer service skills are required, along with proficiency in standard office applications. xzgxqkn
The officer will also research delinquent accounts, support the impairment process by monitoring potential non-accruing accounts and reserve needs, ensure adherence to applicable credit and collection policies and documentation requirements, and may perform other duties or special projects as assigned.
Worksite address
lincolnshire, IL, 60069, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.