About this opportunity
Northwest Bank lists this Senior Credit Workout Officer IV opportunity in independence township, Ohio. Review the employer’s description below for duties, qualifications and application requirements.
Job description
IN0534 Fishers, NY0705 NY Region Business Office, OH0523 Independence Bus Office, OH0713 NW Bancshares HQ, PA0258 Bellevue, 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 Extensive
Good organizational skills Extensive
Ability to analyze data, bankruptcy, foreclosures, and repossession Extensive
The pay range for this position is generally $115,000-$135,000 per year. Actual pay is based on various factors including but not limited to the successful candidate’s experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available.
Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.
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Who can apply
Review the original listing for work authorization, qualifications and employer requirements.