Fifth Third Bancorp

SAG Workout Officer III

Fifth Third Bancorp • $96K — $207K *
US-AnywhereRemote in Cincinnati, OH
Finance & Insurance
8 - 10 years of experience
5 days ago
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in accounting, finance, or economics preferred or equivalent work experience required
  • 8-10 years of workout or related banking experience
  • Deep understanding of credit policies and decisioning tools
  • Knowledge of bankruptcy law and legal proceedings
  • Strong oral, written communication, and negotiation skills
  • Analytical and problem-solving abilities
  • Proficient with Windows-based word processing and spreadsheet applications

Responsibilities

  • Assist in the orderly liquidation and rehabilitation of complex credits
  • Formulate and execute exit strategies for large administrative loans
  • Negotiate the best course of action on large loans
  • Collaborate with Portfolio Managers to monitor financial covenants
  • Assist the Wholesale Line of Business on potential troubled credits
  • Identify potential losses on administrative credits
  • Complete required reporting on administrative credits

Benefits

  • Collaborative work environment
  • Opportunity to mentor junior officers
  • Involvement in strategic planning processes
  • Engagement with senior leadership in decision-making
  • Potential for professional development and growth
  • Flexible working conditions including virtual work options
  • Participation in impactful financial operations
Full Job Description
GENERAL FUNCTION: Assist and direct in the orderly liquidation/exit and rehabilitation of large and complex credits with a high dollar impact to the organization. To collaborate with the Portfolio Manager to maintain portfolio by monitoring credits to formulate and drive strategic plans to maximize the returns to the Bank. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. ESSENTIAL DUTIES AND RESPONSIBILITIES: 3 Collection of past due accounts 3 Formulate and execute exit strategies on large and complex administrative loans 3 Recommend/Negotiate best course of action on large and complex Administrative Loans 3 Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals 3 Work closely/assist the Wholesale Line of Business on potential trouble credits 3 Identification of potential loss on administrative credits 3 Complete required reporting; such as ALSR's on administrative credits 3 Maintain adequate credit/collateral files 3 Identify when legal counsel is required given transaction complexity 3 Serve as coach and mentor to junior workout officers 3 Attend Admin Loan Meetings to present collection update and strategy 3 Other duties as assigned MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: 3 Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required. 3 Typically requires 8 - 10 years workout or related banking experience. 3 Deep understanding of credit policies, procedures and decisioning tools. 3 Knowledge of bankruptcy law and related legal proceedings. 3 Requires strong oral, written communication, and negotiation skills. 3 Ability to access, analyze and recommend the best course of action in difficult credit situations. 3 Possess analytical and problem solving skills. 3 PC proficiency with Windows based word processing and spreadsheet applications. #LI-GM1 WORKING CONDITIONS: 3 Normal office environment with little exposure to dust, noise, temperature and the like. 3 Extended viewing of a CRT screen. 3 Travel Required. SAG Workout Officer III Total Base Pay Range 96,500.00 - 207,500.00 USD Annual LOCATION -- Virtual, Florida 00000 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

About Fifth Third Bancorp

Fifth Third Bancorp is a diversified financial services company, that specializes in small business, retail banking, investments, and mortgage.

Fifth Third Bancorp Careers

Join the vibrant team at Fifth Third Bancorp, a leading financial services company that values innovation, leadership, and diversity. As part of our commitment to professional growth and excellence, we offer a range of job opportunities that empower you to advance your career while contributing to the financial success of our clients. Work You’ll Do At Fifth Third Bancorp, you’ll be part of a culture that cherishes innovation and strategic thinking. Our team is dedicated to providing outstanding financial solutions to individuals and businesses alike. By joining us, you will collaborate with some of the industry’s most talented professionals, using your skills to influence positive change and drive efficiency. Explore a variety of career paths in areas such as finance, technology, customer service, and risk management. Whether you are looking for a full-time position, an internship, or leadership roles, Fifth Third Bancorp offers a dynamic environment where your career can flourish. Innovative Work Engage in projects that harness cutting-edge technology and innovative financial practices. At Fifth Third Bancorp, your work will directly impact our mission to improve lives and contribute to the economic stability of the communities we serve. Our team’s collaborative efforts lead to groundbreaking solutions, setting new standards in the financial industry. Be Part of a Great Team Fifth Third Bancorp is not just a company; it’s a community. Here, diversity and inclusion are at the core of our employment philosophy, ensuring every team member’s voice is heard and valued. We offer diversity training programs that enhance our understanding and appreciation of various perspectives, fostering an inclusive workplace. Future-Proof Your Career With Fifth Third Bancorp, you are set on a path of continuous professional development. Benefit from comprehensive benefits, mentorship, and networking opportunities that propel your career forward. Our leadership is committed to your success, providing support and guidance as you navigate through your career milestones. Stay Connected Join Our Team Discover the array of job opportunities at Fifth Third Bancorp by exploring positions that match your skills and interests. We are constantly hiring creative, curious, and motivated individuals who are ready to make a significant impact. Check out our current openings and find where you fit into our exceptional team. Keep Up to Date Stay informed with the latest career tips, industry insights, and professional growth opportunities available at Fifth Third Bancorp. Our careers blog is a resource for potential and current employees, offering valuable information to enhance your work experience and expand your knowledge base. Job Alert Emails Customize your experience by subscribing to receive job alerts, news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at Fifth Third Bancorp. At Fifth Third Bancorp, we are more than just a bank. We are a place where careers are nurtured, achievements are celebrated, and diversity is embraced. Are you ready to take the next step in your professional journey? Join us and be part of something great.
Learn more about Fifth Third Bancorp
Size
19,247 employees
Market Cap
$22.3 billion
Industry
Finance & Insurance
Net Income
$1.4 billion
Founded
1858
5 Year Trend
+4.4%
NASDAQ
FITB
* Ladders Estimates

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