Loan Workout Officer IV

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Loan Workout Officer IV 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 IV 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 IV works with the largest and most complex loans. Requires a bachelor's degree. Typically reports to a manager. The Loan Workout Officer IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Loan Workout Officer IV typically requires 7+ years of related experience.