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Commercial Loan Workout Officer Distressed Credit & Resolution

Madison-Davis

New York, NY

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JOB DETAILS
SALARY
$160,000–$170,000 Per Year
SKILLS
Analysis Skills, Bankruptcy, Cash Flow, Commercial Banking, Commercial Loans, Corrective Action, Documentation, Establish Priorities, File Audits, Financial Management, Forebearance, Foreclosures, Leadership, Legal, Litigation, Maintain Compliance, Management Strategy, Negotiation Skills, Qualitative Analysis, Quantitative Analysis, Regulatory Compliance, Risk, Risk Analysis, Strategic Planning
LOCATION
New York, NY
POSTED
1 day ago

Title: Commercial Loan Workout Officer Distressed Credit & Resolution

Office Status: Hybrid New York, NY

Base Salary: $160k - $170k + Bonus

ABOUT THE ROLE

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

About the Company

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Madison-Davis

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