Truist Financial

Problem Loan Workout Officer - Restructuring Specialist

Truist Financial$90K — $120K *
Finance & Insurance
11 - 15 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in business, finance, or banking or related training.
  • Minimum of fifteen years in commercial banking, loan workout, or equivalent.
  • Significant experience with syndicated and complex credit structures.
  • In-depth knowledge of capital market products and balance sheet management.
  • Expertise in bankruptcy law and restructuring processes.
  • Exceptional negotiation, communication, and problem-solving skills, especially in high-pressure situations.
  • Proficiency in Microsoft Office and basic computer applications.

Responsibilities

  • Manage a complex portfolio of CIG Classified loans according to bank policies and strategic goals.
  • Independently oversee syndicated credit facilities and communicate with other lenders.
  • Engage with restructuring professionals and vendors during the credit resolution process.
  • Communicate with internal and external stakeholders to explore resolution strategies and capital market opportunities.
  • Act as the representative of Truist in discussions with C-suite executives of publicly-traded companies.
  • Participate in balance sheet restructuring processes, including overseeing asset sales when necessary.
  • Negotiate all necessary documentation for credit resolution and recapitalization of borrowers.

Benefits

  • Medical, dental, and vision insurance.
  • Life, disability, and accidental death and dismemberment insurance.
  • Tax-preferred savings accounts and a 401k plan.
  • At least 10 days of vacation and 10 sick days per year.
  • Paid holidays and opportunities for a defined benefit pension plan or deferred compensation plan.
Full Job Description
Manage and maximize return on a portfolio of CIG Classified loans in accordance with Bank policy, procedures and strategic goals. Following is a summary of the essential functions for this job.  Other duties may be performed, both major and minor, which are not mentioned below.  Specific activities may change from time to time.  • Manage a problem loan portfolio consisting of the most complex credit structures, primarily syndicated corporate and middle market loans while managing the capital market opportunities/fees associated with the clients. • Being able to independently manage syndicated credits facilities as agent and/or actively participate and manage the communication process with other institutions as participant (whether formally as part of the Steering Committee or informally by communicating directly with other lenders) to direct or influence credit resolution strategies. • Ability to actively communicate with and/or manage restructuring professionals including legal counsel, financial advisors, investment bankers, and other relevant vendors playing a role in the credit resolution process.  • Proactively communicating with assorted internal and external stakeholders including the Truist debt trading desk, investment banker coverage teams, leveraged finance and sponsor groups in an effort to explore all resolution strategies including capital markets opportunities to self help (SPAC, capital raise, bond issuance, ATM etc), preservation of sponsor relationships and generation of capital market fees in a manner consistent with prudent risk parameters.  • Be the face of Truist in interactions with C-suite executives of publically traded companies facing challenged economic stress and provide a consensual path forward for both the bank and customer through 2- 4 above. • Actively participating in the balance sheet restructuring process for clients (inside or outside of bankruptcy court) when applicable by interacting with debtor, sponsors, lenders, and professionals as needed; overseeing the marketing process when the resolution path involves the sale of assets or a business whether as a going concern or liquidation; • Negotiating all documentation required in the credit resolution process including, but not limited to, credit, intercreditor, collateral, sale, engagement, restructuring support, and non-disclosure agreements and related amendments if applicable; • Overseeing or actively participating in any and all pertinent activities related to recapitalization of borrowers, when applicable, including interacting with professionals and third party capital sources such as private equity groups, hedge funds, vulture or distress debt funds, junior lenders, and bond holders or their professionals. • Work effectively with partners such as Commercial Banking Specialists (CBS), Fulfillment Specialist and PM to ensure all client-related documentation and financial analysis are sound and any issues are resolved in an accurate and timely manner. • Provide accurate and timely monthly forecasting for non-performing assets and charge-offs. • Complete reporting as required for impairment analysis, accrual justification and Criticized Loan Asset Reports. • Interface with CIG and middle market (credit, RM and PM) in a consultative role on criticized credits to assess and mitigate risk. • Keep abreast of changing Bank policy and procedures, as well as business and economic developments which impact the loan portfolio and banking in general. Qualifications Required Qualifications: 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. • Bachelor’s degree in business, finance, or banking or comparable education and related training.  • A minimum of fifyteen years commercial banking, loan workout or equivalent experience.  • Significant experience with syndicated/complex credit structures. • In depth knowledge of capital market products both from a capital market and balance sheet management perspective. • In depth knowledge of bankruptcy law/in and out of court restructuring. • Exceptional negotiation, communication, interpersonal, financial analysis and problem-solving skills. Ability to deliver messages and interact effectively in a sometimes tense or adversarial environment. • Demonstrated proficiency in basic computer applications, such as Microsoft Office software products. Preferred Qualifications: • Master’s degree in business administration, finance, or banking. • Twenty years of experience in commercial banking, loan workout, and/or relationship management. General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

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50,283 employees
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