Senior Workout Officer - Full-time / Part-time

Description

The Senior Workout Officer will directly manage their own book of loans in all facets of account management and loan administration and will do so in a fashion that consistently protects and preserves the Bank’s reputation.  Will adhere to all compliance requirements and all internal and external regulations.  

Responsibilities:

• To mitigate risk, minimize credit losses and maximize the return to the Bank on a substandard and criticized portfolio of the large and complex bi-lateral and syndicated assets.
• Portfolio Management & Administration – Actively manage a diverse portfolio of 10 to 20 Commercial and Industrial (C&I) & Commercial Real Estate (CRE) Credits, both bi-lateral and syndicated with individual Citizens Bank exposure averaging $10MM+. This includes developing an action plan for each matter, inclusive of time lines, resolution targets and alternative strategies.  
• Obtain timely approvals of all strategies consistent with Citizens Restructuring Management (CRM) guidelines and do so with concise and accurate written cases.  Duties also include maintaining credit files and securing required financial data.  The Senior Workout Officer is also required to monitor and administer all outside vendors used in the disposition of the matter in a manner that ensures Citizens Restructuring Management (CRM) is receiving adequate value for services received. 

• Internal & External Reporting –Create, present and maintain all required internal and external reporting, including but not limited to Problem Exposure Review (PERs), Strategy & Credit Review (SCRs), Financial Accounting Standard #114,(FAS114), charge off forecasts, Credit Proposal Summary (CPS) and modification requests, annual reviews Probability of Default (PD) & Loss Given Default (LGD) ratings, Dashboard and all other Citizens Restructuring Management(CRM), Bank and regulatory requirements. All presentations will be completed in a concise and timely manner.

• Negotiation – Devise and successfully negotiate timely resolutions for each asset under management. The Senior Workout Officer will do so in a fashion that maximizes the Bank’s return commensurate with the underlying risk and at all times protecting the Bank’s reputation in the market place.

• Analysis and Valuation – Perform routine enterprise, appraisal, collateral, net present value, legal and  field exam review analysis as part of the ordinary administration of the portfolio.

Qualifications

• Highly developed at persuasively presenting the Bank’s thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits.
• In depth knowledge of financial, risk and collateral analysis.
• In depth knowledge of loan documentation and relevant Uniform Code and Bankruptcy considerations.
• Deep understanding of industrial and regional influences applicable to the underlying portfolio. 
• Excellent math and analytical skills.
• Excellent communication skills both oral and written.
• Excellent time management skills.
• Adaptability to a high paced and challenging work environment.
• Strong interpersonal skills.
• Self-motivated.
• Strong computer skills, primarily Microsoft Office suite based.    

• Bachelor’s Degree required
• Master’s Degree preferred