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Loan Workout Officer / Vice President
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Full-time
- The Vice President/Loan Workout Officer is responsible for managing loan workout for the bank’s commercial, multi-family and mixed-use portfolios.
- The Loan Workout Officer will negotiate with debtors or their representatives to secure repayment agreements and monitor adherence to the terms of repayment agreements.
- Direct management of Loan Workout.
- Maintain a workout portfolio of litigation matters that may involve loans from troubled debt.
- Seek alternative means of loan repayment through foreclosure on real property or the liquidation of other collateral, when a review of the relevant facts and circumstances, including a review of the loan documents and the nature and value of the collateral, indicates that initiating and pursuing such legal remedies will likely result in a greater recovery by the Bank.
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