Credit Workout Officer III - SBA focus

Job Description

The Credit Workout Officer III is responsible for recommending the best loss mitigation strategy for Northwest, improving the processes within Special Assets while also performing a variety of duties including meeting with borrowers and evaluating management teams and business plans to determine whether to retain or exit a credit.

Essential Functions :

Prepare the appropriate loan recaps

Conduct annual reviews and assign risk ratings

Recommend proper loan structure

Identify credit strengths, weaknesses and mitigating factors

Engage counsel when appropriate on behalf of Northwest

Discuss grades and workout procedures

Issue demand letters

Monitor collection activity and bankruptcies

Obtain judgments

Establish workout plans on behalf of Northwest

Locate / inspect collateral as necessary

Partner with loan officers to consult on troubled credits

Order appraisals

Initiate charge-offs / write downs if applicable

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

Prepare management reports as required

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 with counsel

Recommend improvements to procedures

Build relationships with internal customers

Minimize departmental non-payroll costs

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

Manage workout process for SBA 7 & 504 Loans

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

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

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

Work as part of a team

Education and Experience preferred

Bachelor's degree or related experience

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

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

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

This position will be performed onsite Mon - Thurs with Friday an optional work from home day.

The pay range for this position is generally $70,000 - $105,000 annually. 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.

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