Credit Workout Officer II

Credit Workout Officer II

The Credit Workout Officer II is responsible for performing a variety of duties including meeting with borrowers, evaluating management teams, and business plans to determine whether to retain or exit credit. Essential functions include ensuring the integrity of loan documentation, reviewing loan documents for perfection of collateral, analyzing financial statements, identifying and resolving problems / issues, recording all agreements and conversations, preparing correspondence and documentation with regards to workout plans, discussing grades and workout procedures, issuing demands letters, monitoring collection activity, and bankruptcies, obtaining judgments, establishing workout plans, reporting agreed payment terms and plans, locating collateral / inspection, coordinating foreclosures, partnering with loan officers, preparing for litigation, coordinating sale of acquired assets / with appropriate staff, liquidation of assets and sales, and legal plan action with counsel, ordering appraisals, initiating charge-offs / write downs, preparing reviews on workout loans, and quarterly workout updates. Familiarity with and knowledge of the SBA Standard Operating Procedures (SOP). Liquidation of 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 in business, accounting, finance or related
• 3-5 years of experience related to commercial lending including special assets, loan review, credit and / or lending
• Ability to analyze data related to bankruptcy, foreclosure, and repossession

This position will be performed onsite Monday - Thursday with Friday an option work from home day. Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees. Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities