Senior Credit Workout Officer IV

Job DescriptionThe Senior Credit Workout Officer IV is responsible for a variety of duties including (i) meeting with borrowers, and (ii) evaluating management teams and business plans to determine whether or not to retain or exit credit, while negotiating with professionals to establish a workout or exit plan.Essential FunctionsEnsure integrity of loan documentationReview loan documents for perfection of collateralAnalyze financial statementsIdentify and resolve problems / issuesRecord all agreements and conversationsPrepare correspondence and documentation for workout planDiscuss credit grades and workout proceduresIssue demand lettersMonitor collection activity and bankruptciesObtain judgmentsEstablish workout or exit plansReport agreed payment terms and plansLocate and inspect collateralCoordinate foreclosuresPartner with loan officersPrepare for litigationCoordinate liquidation and sale of assets with appropriate staff and counselOrder appraisalsInitiate chargeoffs and write downsNegotiate with professionals to establish a workout or exit planInteract with other financial institutions and examinersRecommend the best loss mitigation strategyWork with minimal direct supervision and use independent judgment and decision makingPrepare reviews and quarterly reports on workout loansRecommend improvements to workout policies and proceduresBuild relationships with internal customersMaximize available technology toolsMinimize departmental costsEnsure compliance with Northwest’s policies and procedures, and Federal/State regulationsNavigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiencyWork as part of a teamWork with on-site equipmentEducation + ExperienceBachelor's degree in business / accounting or finance degree or related subject matter8-12 years of experience of experience in an area related to commercial lending including special assets, loan review, credit and / or lendingAbility to analyze data, bankruptcy, foreclosures, and repossessionThis position is based onsite Monday – Thursday with Friday as an optional work from home day.Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.