Commercial Loan Operations Workout Associate Sr

Job description

Position Title Commercial Loan Operations Workout Associate Sr Location: Hicksville, NY 11801 Job Summary: The Commercial Loan Operations Senior Workout Servicing Associate is responsible for supporting the processing and servicing of problem loans by entering data, performing reconciliations, and coordinating with the special assets team. Pay Range: $26.93 - $41.30 - $44.01 Pay Range: Local Minimum Wage - $0.00 - $0.00 Job Responsibilities: - Manage complex servicing activities related to distressed, defaulted, or restructured commercial loans - Act as a primary operations liaison to the Special Assets, Credit, and Legal teams on workout loan structures and recovery strategies - Interpret legal and restructuring documentation (e.g., forbearance agreements, foreclosure orders, settlements) and ensure accurate implementation in the servicing system - Review and authorize complex loan modifications, restructures, and extensions in accordance with internal controls and regulatory standards - Oversee the accurate application of payments, charge-offs, non-accrual status, and interest reversals - Monitor high-risk loan activity, portfolio trends, and resolution progress, escalating conce...