Loan Workout Officer III
Loan Workout Officer III is responsible for developing and implementing workout plans that are designed to restructure problem loans. Works closely with borrowers, legal counsel, and internal stakeholders to preserve capital and maximize recovery. Being a Loan Workout Officer III analyzes financial data to restructure loan terms, secure collateral/assets, and facilitate settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Additionally, Loan Workout Officer III typically works with mid- and large-size loans of medium to high complexity. Requires a bachelor's degree. Typically reports to a manager. The Loan Workout Officer III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be a Loan Workout Officer III typically requires 4-7 years of related experience.
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