Commercial Workout Officer
FourLeaf Federal Credit Union · Bethpage, New York, US
It Starts With Our Employees FourLeaf's ultimate goal is to provide the best-in-class member and employee experience, and it all begins with two things: hiri...
Job description
It Starts With Our Employees FourLeaf's ultimate goal is to provide the best-in-class member and employee experience, and it all begins with two things: hiring incredible people and giving them a great place to work. What You’ll Do: Responsible for the effective management of distressed complex (CRE) & (C&I) member business loans within a $2B+ national portfolio. Ensures timely remediation of transactions while mitigating losses and maximizing recoveries. Establishes action plans with specific resolutions and promptly conveying recommendations on adjustments for risk rating, loss recognitions/write-offs and accrual status to senior management and loan participants. Uses professional knowledge, experience and analytical criteria to make decisions and acts independently to determine methods and procedures on new assignments. Core Contributions: - Effectively manages an assigned portfolio of distressed commercial real estate loans (CRE) and Commercial and Industrial loans (C&I). Required to work closely with commercial lending to develop feasible, timely workout strategies, restructuring credit and repayment terms, better securing collateral or establishing recourse to other borrower...