Commercial Real Estate Workout Officer
Job Posting for Commercial Real Estate Workout Officer at Citizens Bank
Description
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.
Qualifications
Qualifications
- 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.
Education:
- Bachelor’s degree required
Hours and Work Schedule: 3 days in the office, 2 remote
Hours per Week: 40
Work Schedule: Monday-Friday
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