Responsible for restructuring and working out larger and moderately complex problem business banking, commercial, and / or real estate loans. Interacts with management of the business line and Credit Administration and assigned borrowers to develop a plan of action to either, 1) protect and improve the Bank's position in the credit through improved loan structure while the company executes on its plan for a turnaround, and /or 2) effects strategies to compel the borrower to exit the bank. Effectively controls the bank's collateral position to minimize the Bank's potential loss on the assigned credit.
Essential Job Responsibilities
Responsible for restructuring and working out larger and moderately complex problem business banking, commercial, and/or real estate loans.
Interacts with the management of Credit Administration and the business line to develop work-out strategies and action plans to better protect the bank's position through re-structuring the borrower's credit, such as taking additional collateral, increasing amortization, increasing recourse of guarantors, etc.
Reviews existing loan documentation for completeness and accuracy and formulates strategy to bring account to current status.
Works closely with the borrower to understand the company's financial issues and turnaround plans and negotiates with borrowers to restructure credits to terms consistent with work-out strategies.
Performs in-depth financial analysis of borrower's financial condition and ability to repay its debt. Assesses pro-forma projections and turnaround plans for feasibility.
Monitors borrower's progress and milestones in effecting the turnaround plan and effects strategies to have the borrower exit the bank if turnaround plan is viewed as not feasible or if the borrower is not cooperative with the bank's strategy.
Corresponds regularly and effectively with attorneys and clients regarding non-current status accounts and prepares call memos recording all interactions with borrowers. Negotiates settlements, as required.
Works with attorneys to prepare documentation for and close restructured loans, forces accounts into closure (to current status or by means of liquidating collateral), processes payments, reviews attorney bills, and prepares related reports.
Represents the bank as the primary point of contact with the borrower on all bank deposit and loan services.
Prepares Credit Reports for and makes presentations to Loan Committees; Prepares Criticized Asset Reports and makes presentations to Criticized Asset Committee.
Assesses liquidation value of collateral, takes whatever steps are necessary to monitor and maintain collateral value, develops liquidation plans if necessary, and supervises liquidation if necessary.
Bona Fide Occupational Qualifications
1. Bachelor's degree in related field or equivalent experience required.
2. A minimum of five (5) years related work experience is required, including a working knowledge of underwriting and commercial credit, credit analysis, loan documentation, loan workout and restructuring, bankruptcy and related legal issues.
3. Excellent computer, analytical, and mathematical skills are required. Proficiency in MS Office software required.
4. Excellent communication and interpersonal relations skills required.
5. Valid driver's license and ability to travel to assigned/necessary locations required.
