workout officer

Job description

Responsibilities include but are not limited to: - Lead the end to end management of a portfolio of criticized, classified, and non performing commercial loans. - Develop and execute strategic and legal action plans for each relationship, for cost effective maximum recovery for the bank. - Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower‐operating trends. - Identify emerging risks early and take immediate corrective action to minimize loss exposure. - Conduct financial, cash flow, collateral, and global exposure analyses to determine the most effective workout strategy. - Recommend forbearance structures, repayment strategies, liquidations, or exits based on quantitative and qualitative assessments. - Prepare clear, defensible credit memoranda and recommendations for senior credit authorities. - Lead negotiations with borrowers, guarantors, and third parties with a firm, disciplined approach that prioritizes the Bank's recovery and risk position. - Establish performance expectations, enforce compliance timelines, and escalate when borrowers fail to meet requirements. - Build professional but authoritative borrower relatio...