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Commercial Real Estate Workout Officer job in Boston at Citizens Financial Group, Inc.

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Commercial Real Estate Workout Officer at Citizens Financial Group, Inc.

Commercial Real Estate Workout Officer

Citizens Financial Group, Inc. Boston, MA Full-Time
Req. Number: 228517

Full/Part Time: F

Shift: 1st Shift


The Commercial Real Estate Workout Officer I delivers proactive management of a substandard portfolio of 10 to 20 Commercial Real Estate loans to minimize credit losses, ensure return matches risk and, where possible, return customers to a satisfactory rating. Our group is focused on a rescue culture to retain as many clients as possible. If you enjoy solving problems and coming up with innovative solutions, this is a great opportunity for you!

The portfolio will be mainly bi-lateral but also at times may include:

* Syndicated loans with individual Citizens Bank exposure averaging $5MM+.
* Working alongside a team leader to devise strategies, negotiate and structure transactions, obtain credit approval and document accordingly. T
* Financial analysis, property valuation assessment, and maintaining all required internal and external reporting.



* 3+ yrs of Commercial Banking Experience, preferably in a Commercial Real Estate environment.
* 3+ yrs experience in loan documentation and relevant Uniform Code and Bankruptcy considerations.
* Adaptability to a high paced and challenging work environment.

Desired qualifications

* Highly developed at persuasively presenting the Bank's thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits.
* Excellent math and analytical skills.
* Excellent communication skills both oral and written.
* Excellent time management skills.


* Bachelor's degree required

Hours and Work Schedule: 3 days in the office, 2 remote

Hours per Week: 40

Work Schedule: Monday-Friday

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.


We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.

View Benefits

Awards We've Received

Dave Thomas Foundation for Adoption Top 100 Best Adoption-Friendly Workplace


Noteworthy Company for Diversity

Human Rights Campaign Best Places to Work for LGBTQ Equality

Military Friendly Employer

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer/Disabled/Veteran

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Citizens is committed to ensuring that all interested candidates can successfully participate in our recruitment process. If you are an individual with a disability or require a reasonable accommodation, please see our Job Seeker Help policy.

Recommended Skills

  • Adaptability
  • Analytical
  • Bankruptcies
  • Commercial Banking
  • Communication
  • Financial Analysis
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