Credit Workout Officer II

Job description

IN0534 Fishers, OH0523 Independence Bus Office, OH0713 NW Bancshares HQ, PA0186 Mount Joy Job Description: The Credit Workout Officer II is responsible for performing a variety of duties including meeting with borrowers, evaluating management teams, and business plans to determine whether to retain or exit credit. Essential Functions: - Ensure integrity of loan documentation - Review loan documents for perfection of collateral - Analyze financial statements - Identify and resolve problems / issues - Record all agreements and conversations - Prepare correspondence and documentation with regards to workout plan - Discuss grades and workout procedures - Issue demands letters - Monitor collection activity, and bankruptcies - Obtain judgments - Establish Workout plans - Report agreed payment terms and plans - Locate collateral / inspection - Coordinate foreclosures - Partner with loan officers - Prepare for litigation - Coordinate sale of acquired assets / with appropriate staff, liquidation of assets and sales, and legal plan action with counsel - Order appraisals - Initiate Charge-offs / write downs - Prepare reviews on workout loans, and quarterly workout updates - Familiarity with &...