NBT Bank
Job Title
Senior Commercial Workout Officer Company
NBT Bank Salary
$105,000 – $125,000 Overview
Responsible for managing a portfolio of high‑risk commercial, corporate and business banking relationships, including complex and large‑exposure accounts. Analyzes assigned relationships, evaluates information from a range of sources, and develops solutions to mitigate risk of loss or reduce non‑performing assets. Maintains strong working relationships with borrowers, negotiates complex restructurings and loan agreements, implements plans and exit strategies, and ensures compliance with regulatory requirements. Identifies and recommends referral of accounts for liquidation or legal action, oversees all aspects of recovery processes, and maximizes recovery while controlling expenses. Education and Experience
Bachelor's Degree or equivalent education and experience 15 years of combined commercial lending/commercial workout experience, with at least 5 years of commercial workout experience preferred Skills and Abilities
Comprehensive and advanced understanding of Commercial Lending, credit and collateral analysis Extensive knowledge of business collection laws and regulations; understands requirements and options available in each state in which the Bank does business Strong credit skills, including ability to analyze all levels of financial statements Thorough knowledge of requirements for handling problem loans under SBA, FSA, USDA or other government guaranty programs Strong negotiation skills to secure borrower support and cooperative relationship Strong judgment, organizational and communication skills; writes and speaks effectively Manages multiple cases, works under pressure and independently with minimal supervision Unique Job Characteristics and Requirements
Some travel required. Working nights and weekends may be required on occasion. Tasks Performed
45% Shadow Account Management – Works with commercial lending team on high‑risk loan relationships to prevent further deterioration, providing advice and consultation to credit, borrower, lenders, legal counsel and third‑party vendors. 45% Asset Quality Remediation – Manages highest risk commercial loans, includes non‑accruals, foreclosures, liquidations, bankruptcies and ORE. Develops and employs workout strategies to improve asset quality metrics. 5% Asset Disposition – Maintains, markets and manages disposition of other assets acquired by the Bank, including foreclosed real estate OREO. 5% Other duties as assigned. Physical Requirements
Communicates effectively with internal and/or external customers Stationary 75% of time or greater Moves objects up to 10 lbs Why Work at NBT
At NBT, we empower people to grow, innovate and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community – because your success drives our success. Wellbeing
At NBT, we value and support your wellbeing by offering generous time‑off policies, wellness initiatives and flexible work arrangements, so you can thrive both personally and professionally. Community Involvement
NBT believes community involvement fosters our success and the success of those around us. Through volunteer service and charitable partnerships, we empower our employees to make a positive impact beyond the workplace. Culture
NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute. With supportive leadership, we foster an environment where employees are connected, inspired and valued. Career Development
Whether you’re just starting your career or serve in a senior leadership role, your growth and development are our priority. NBT provides a wide variety of development programs and tools for you to reach your full potential. Total Rewards
NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance‑based incentives – ensuring you feel valued every step of the way. Business Stability
NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk. We’ve weathered the market’s ups and downs for over 165 years, all while charting a well‑defined growth plan. Benefits for Full‑Time Employees
Generous Paid Time Off – At least 22 days annually, prorated in the year of hire Parental Leave – Six weeks of paid leave at 100% of your salary Comprehensive Medical Coverage – Includes employer contributions to HSA for High Deductible Health Plan participants Dental and Vision Coverage – Ensuring your overall health and well‑being Flexible Spending Accounts – For healthcare and dependent care expenses Employer‑Paid Disability Coverage – Both short‑term and long‑term, with option to purchase additional long‑term coverage Life Insurance – Employer‑paid basic life insurance, with option to purchase supplemental coverage Voluntary Benefits – Including hospital, accident, and critical illness coverage Retirement Plans – Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future Adoption Assistance – Supporting your growing family Tuition Reimbursement – Invest in your education and career growth Employee Assistance Program (EAP) – Access to support and resources Financial and Banking Services – Various benefits and financial planning assistance Benefits for Part‑Time Employees Working 20+ Hours/Week
Medical Coverage – Includes employer contributions to HSA for High Deductible Health Plan participants Generous Parental Leave – Six weeks of paid leave at 100% of your salary Benefits for All Part‑Time Employees
Retirement Plans – Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year Paid Sick and Safe Leave – For your health and safety Employee Assistance Program (EAP) – Access to support and resources Financial and Banking Services – Various benefits and financial planning assistance Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
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Senior Commercial Workout Officer Company
NBT Bank Salary
$105,000 – $125,000 Overview
Responsible for managing a portfolio of high‑risk commercial, corporate and business banking relationships, including complex and large‑exposure accounts. Analyzes assigned relationships, evaluates information from a range of sources, and develops solutions to mitigate risk of loss or reduce non‑performing assets. Maintains strong working relationships with borrowers, negotiates complex restructurings and loan agreements, implements plans and exit strategies, and ensures compliance with regulatory requirements. Identifies and recommends referral of accounts for liquidation or legal action, oversees all aspects of recovery processes, and maximizes recovery while controlling expenses. Education and Experience
Bachelor's Degree or equivalent education and experience 15 years of combined commercial lending/commercial workout experience, with at least 5 years of commercial workout experience preferred Skills and Abilities
Comprehensive and advanced understanding of Commercial Lending, credit and collateral analysis Extensive knowledge of business collection laws and regulations; understands requirements and options available in each state in which the Bank does business Strong credit skills, including ability to analyze all levels of financial statements Thorough knowledge of requirements for handling problem loans under SBA, FSA, USDA or other government guaranty programs Strong negotiation skills to secure borrower support and cooperative relationship Strong judgment, organizational and communication skills; writes and speaks effectively Manages multiple cases, works under pressure and independently with minimal supervision Unique Job Characteristics and Requirements
Some travel required. Working nights and weekends may be required on occasion. Tasks Performed
45% Shadow Account Management – Works with commercial lending team on high‑risk loan relationships to prevent further deterioration, providing advice and consultation to credit, borrower, lenders, legal counsel and third‑party vendors. 45% Asset Quality Remediation – Manages highest risk commercial loans, includes non‑accruals, foreclosures, liquidations, bankruptcies and ORE. Develops and employs workout strategies to improve asset quality metrics. 5% Asset Disposition – Maintains, markets and manages disposition of other assets acquired by the Bank, including foreclosed real estate OREO. 5% Other duties as assigned. Physical Requirements
Communicates effectively with internal and/or external customers Stationary 75% of time or greater Moves objects up to 10 lbs Why Work at NBT
At NBT, we empower people to grow, innovate and thrive through meaningful work, a supportive culture and opportunities to make a real impact in your community – because your success drives our success. Wellbeing
At NBT, we value and support your wellbeing by offering generous time‑off policies, wellness initiatives and flexible work arrangements, so you can thrive both personally and professionally. Community Involvement
NBT believes community involvement fosters our success and the success of those around us. Through volunteer service and charitable partnerships, we empower our employees to make a positive impact beyond the workplace. Culture
NBT believes in creating a workplace where every voice matters and every team member feels empowered to contribute. With supportive leadership, we foster an environment where employees are connected, inspired and valued. Career Development
Whether you’re just starting your career or serve in a senior leadership role, your growth and development are our priority. NBT provides a wide variety of development programs and tools for you to reach your full potential. Total Rewards
NBT recognizes and rewards your contributions with competitive compensation, comprehensive benefits and performance‑based incentives – ensuring you feel valued every step of the way. Business Stability
NBT has built a reputation as a stable financial institution by growing our people and our business, evolving our processes and managing risk. We’ve weathered the market’s ups and downs for over 165 years, all while charting a well‑defined growth plan. Benefits for Full‑Time Employees
Generous Paid Time Off – At least 22 days annually, prorated in the year of hire Parental Leave – Six weeks of paid leave at 100% of your salary Comprehensive Medical Coverage – Includes employer contributions to HSA for High Deductible Health Plan participants Dental and Vision Coverage – Ensuring your overall health and well‑being Flexible Spending Accounts – For healthcare and dependent care expenses Employer‑Paid Disability Coverage – Both short‑term and long‑term, with option to purchase additional long‑term coverage Life Insurance – Employer‑paid basic life insurance, with option to purchase supplemental coverage Voluntary Benefits – Including hospital, accident, and critical illness coverage Retirement Plans – Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future Adoption Assistance – Supporting your growing family Tuition Reimbursement – Invest in your education and career growth Employee Assistance Program (EAP) – Access to support and resources Financial and Banking Services – Various benefits and financial planning assistance Benefits for Part‑Time Employees Working 20+ Hours/Week
Medical Coverage – Includes employer contributions to HSA for High Deductible Health Plan participants Generous Parental Leave – Six weeks of paid leave at 100% of your salary Benefits for All Part‑Time Employees
Retirement Plans – Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year Paid Sick and Safe Leave – For your health and safety Employee Assistance Program (EAP) – Access to support and resources Financial and Banking Services – Various benefits and financial planning assistance Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or assume sponsorship of an employment Visa at this time.
#J-18808-Ljbffr