The Washington Trust Company
Senior Commercial Loan Workout Relationship Manager
The Washington Trust Company, Providence, Rhode Island, us, 02912
Senior Commercial Loan Workout Relationship Manager
Washington Trust is seeking a Senior Commercial Loan Workout Relationship Manager to independently manage distressed and non-performing commercial loans with a focus on maximizing recovery and minimizing losses. Responsibilities include handling restructures, forbearance agreements, troubled loan modifications, develop appropriate loan loss reserve analysis, and oversee and direct liquidations (including secured creditor sales and receiverships). In addition, this position will assist the senior members of Credit Risk with commercial loan portfolio management, risk assessments and data analytics as needed. Lastly, responsible for appropriate guaranty programs for loans in Risk, primarily SBA.
Hybrid on-site/remote work schedule available.
PRIMARY RESPONSIBILITIES
Manage all commercial loan workouts
Develop appropriate loan loss reserve analysis to ensure accurate financial reporting and risk management
Ensure all risk ratings and accrual status is correct, recommending changes as needed
Negotiate with customers to maximize returns and minimize losses
Develop action plans on all accounts
Handle attorney involvement, keeping in the forefront that the Bank drives the direction, tenure, and ultimate settlement
Negotiate offers in compromise in the best interest of the Bank. If SBA, follow SBA procedures and policies to ensure guaranty is not jeopardized
Analyze financial and other statements to determine repayment ability including the development of personal and business cash flows.
Analyze the economics of any situation, offer, or settlement
Prepare monthly individual loan impairment analyses
Negotiate sale of assets or notes, when appropriate
Preparation of loan proposals and presentation of such
Structuring of "troubled loan modifications" when appropriate
Loan Review or data analytics, as requested
Serve as a backup for managing and sale of any REO assets
REQUIREMENTS/QUALIFICATIONS
Bachelor's degree strongly preferred. Experience may be substituted for education.
10 years of relevant banking experience, with emphasis on credit, lending, underwriting, negotiations, SBA lending and workout, FDIC regulations, and a solid understanding of legal concepts related to bankruptcies, foreclosures, receiverships, auctions, judicial and non-judicial foreclosures/sales and note sales.
Proven track record of managing distressed loan portfolios and achieving successful workout outcomes.
Strong qualitative and quantitative analysis skills.
Strong understanding of personal and business cash flows
Excellent negotiation, analytical, and problem-solving skills.
Strong knowledge of credit, loan review, risk analysis, stress testing, and risk rating systems.
Intermediate to Advanced Microsoft Word and Excel skills.
High attention to detail.
Possess good organizational skills with the ability to multi-task.
Exemplary written communication skills, as well as effective verbal and interpersonal skills.
Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!
The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.
Helping all candidates find great careers is our goal. The information you provide here is secure and confidential.
We are now directing you to the original job posting. Please apply directly for this job at the employer’s website.
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Hybrid on-site/remote work schedule available.
PRIMARY RESPONSIBILITIES
Manage all commercial loan workouts
Develop appropriate loan loss reserve analysis to ensure accurate financial reporting and risk management
Ensure all risk ratings and accrual status is correct, recommending changes as needed
Negotiate with customers to maximize returns and minimize losses
Develop action plans on all accounts
Handle attorney involvement, keeping in the forefront that the Bank drives the direction, tenure, and ultimate settlement
Negotiate offers in compromise in the best interest of the Bank. If SBA, follow SBA procedures and policies to ensure guaranty is not jeopardized
Analyze financial and other statements to determine repayment ability including the development of personal and business cash flows.
Analyze the economics of any situation, offer, or settlement
Prepare monthly individual loan impairment analyses
Negotiate sale of assets or notes, when appropriate
Preparation of loan proposals and presentation of such
Structuring of "troubled loan modifications" when appropriate
Loan Review or data analytics, as requested
Serve as a backup for managing and sale of any REO assets
REQUIREMENTS/QUALIFICATIONS
Bachelor's degree strongly preferred. Experience may be substituted for education.
10 years of relevant banking experience, with emphasis on credit, lending, underwriting, negotiations, SBA lending and workout, FDIC regulations, and a solid understanding of legal concepts related to bankruptcies, foreclosures, receiverships, auctions, judicial and non-judicial foreclosures/sales and note sales.
Proven track record of managing distressed loan portfolios and achieving successful workout outcomes.
Strong qualitative and quantitative analysis skills.
Strong understanding of personal and business cash flows
Excellent negotiation, analytical, and problem-solving skills.
Strong knowledge of credit, loan review, risk analysis, stress testing, and risk rating systems.
Intermediate to Advanced Microsoft Word and Excel skills.
High attention to detail.
Possess good organizational skills with the ability to multi-task.
Exemplary written communication skills, as well as effective verbal and interpersonal skills.
Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!
The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.
Helping all candidates find great careers is our goal. The information you provide here is secure and confidential.
We are now directing you to the original job posting. Please apply directly for this job at the employer’s website.
#J-18808-Ljbffr