Loan Workout Recovery Officer III IV

OVERVIEW

Responsible for managing exposure of a segment of the Banks adversely risk rated Commercial loans. Works closely with other lending and borrowing officers to review and restructure credit and repayment terms address documentation/perfection issues and reduce probability of loss. Develops a network of alternative financing sources and financial consultants to assist when necessary to improve or move a relationship. May supervise other Commercial workout/recovery staff.

ESSENTIAL FUNCTIONS

• Under supervision of the Special Assets Manager works independently to develop and implement action plans to minimize bank exposure on large more complex adversely risk rated credits which may include providing operating funds as necessary allowing the client time to improve find alternative financing or to facilitate a liquidation plan.
• Independently negotiate with clients and their attorneys and/or financial advisors within established guidelines.
• Advise recommend and implement the best course of action when a client has elected to file bankruptcy. Work with the banks attorney to minimize legal costs and to maximize recovery during the bankruptcy proceedings.
• Provide support to Relationship Managers in developing action plans and monitoring adversely graded credits which are not transferred to the workout officer.
• Assist in the development and training for junior officers in regard to problem loan workouts.
• Develop strategies to engage in difficult negotiations or presentations.

• As necessary in order to minimize risk to the Bank is responsible for banking and financial needs of assigned relationship clients including all products and services offered by the Bank (International Banking Private Banking Real Estate Cash Management etc). Works with various product specialists to help ensure an integrated approach.
• Stays current on new products methods/techniques key industry trends conditions and changes in laws regulatory policies and accounting practices.
• Maintains and develops internal and external professional relationships.
• Controls and minimizes potential risks through proactive relationship management and thorough knowledge of compliance and risk management.
• Analyzes creatively structures and prices loans to adhere to corporate credit policies and rate guidelines so that loan quality and profitability standards are met; maintains pricing strategies that are appropriate to applicable risk levels.
• Perform compliance and risk management duties as required or assigned. Performs other tasks as assigned by management i.e. completion of various reports profit planning etc.

KNOWLEDGE/SKILLS/EXPERIENCE REQUIRED

• Requires bachelors degree and advanced degree in Finance Accounting Business or related specialized and professional workout training/education.
• Work experience in problem loan workouts including preparing liquidation plans bankruptcy procedures and independent negotiations with client attorneys and financial advisors and demonstrated successful relationship management staff management and adverse credit workout experience including proven competence with large complex relationships.
• Working knowledge of Bank products and services.
• Proven analytical skills; ability to review and interpret complex data (determining risk assessing complexity of accounts analyzing financial statements cash flows etc).
• Excellent written and verbal communication skills; ability to analyze synthesize and articulate complex ideas and communicate such to colleagues team members and clients
• Excellent interpersonal skills; ability to collaborate with and work effectively with diverse groups of people managing conflict negotiating for results and developing working relationships with potential and current clients
• Ability to set and achieve challenging goals.
• Regular reliable attendance is require

COMPENSATION:

LOAN WORKOUT RECOVERY OFFICER III: $89158 - $133795

LOAN WORKOUT RECOVERY OFFICER IV: $102125 - $153187

The compensation range represents the low and high end of the base compensation range for this position located in Spokane Washington. Actual compensation will vary and may be above or below the range based on various factors including but not limited to location experience and performance. This position is also eligible to participate in an applicable incentive compensation plan.

What Our Culture Can Offer You:

Our benefit philosophy is to provide you with a comprehensive package to secure your overall wellness and help you become and remain a fulfilled and productive employee. Our benefits include Health Financial Retirement and Work/Life Benefits. We are proud to share an overview of our benefits HEREas part of your total compensation.

Washington Trust Bank celebrates diversity in the workplace and actively recruits talent to help reflect the unique communities where we live and work. We are proud to be an equal opportunity employer and prohibit discrimination or harassment based on race religion sex gender identity sexual orientation national origin age pregnancy disability genetic information and any other protected characteristics outlined by state federal and local laws. We believe strength comes from the diverse backgrounds and experiences of our team and we are dedicated to fostering a supportive and inclusive work environment.

Required Experience:

Unclear Seniority