This is a senior individual contributor opportunity within the Special Assets / Workout function of a well-established and growing commercial bank, responsible for the strategic management and resolution of criticized, classified, and non-performing commercial credit relationships. Lead end-to-end management of a portfolio of criticized, classified, and non-performing commercial loans, developing and executing strategic action plans designed to maximize recovery for the institution.
This is a senior individual contributor opportunity within the Special Assets / Workout function of a well-established and growing commercial bank, responsible for the strategic management and resolution of criticized, classified, and non-performing commercial credit relationships. The role carries real decision-making authority leading negotiations, driving recovery strategies, and partnering with legal counsel on enforcement actions making it an ideal fit for a seasoned workout professional who combines strong credit fundamentals with a decisive, assertive approach to distressed credit resolution. For candidates who thrive in high-stakes, complex credit environments and want meaningful ownership over outcomes, this is a compelling platform.
RESPONSIBILITIES
Lead end-to-end management of a portfolio of criticized, classified, and non-performing commercial loans, developing and executing strategic action plans designed to maximize recovery for the institution
Conduct comprehensive financial, cash flow, collateral, and global exposure analyses to determine the most effective workout strategy for each relationship
Recommend and structure forbearance agreements, repayment strategies, liquidations, or exits based on rigorous quantitative and qualitative assessments
Prepare clear, defensible credit memoranda and recovery 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 and compliance timelines;escalate promptly when borrowers fail to meet requirements
Partner closely with internal and external legal counsel on litigation, bankruptcy, foreclosure, receivership, and other enforcement actions
Maintain strict oversight of financial performance, covenant compliance, collateral integrity, and borrower operating trends;identify emerging risks early and take immediate corrective action
Ensure full adherence to regulatory guidance including OCC requirements for problem loan oversight, classification accuracy, and documentation integrity
Maintain complete, audit-ready files, action plans, and system records
Communicate credit deterioration, strategic options, and projected losses with precision and urgency to senior leadership and internal partners