Valley Bank
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Valley Bank provided pay range
This range is provided by Valley Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$120,000.00/yr - $160,000.00/yr Additional compensation types
Annual Bonus Direct message the job poster from Valley Bank Job Overview The Workout Officer seeks repayment of commercial loans and commercial mortgages that are in default or that have an impaired likelihood of recovery. Responsibilities include but are not limited to: Restructure problem loans by implementing an amortization plan based on the borrower's realistic ability to repay. Seek alternate means of loan repayment through the liquidation of collateral, when necessary, in an effort to protect the bank's interest. Reduce the overall degree of risk associated with Special Asset credits. Guide outside counsel in collection strategy in order to maximize recovery. Analyze financial statements, loan documents, and collateral to ascertain best collection route. Make recommendations to senior management as to risk ratings, accrual of interest and charge-offs. Review, analyze and correct any structural or documentation deficiencies and monitor the Bank's collateral position or liquidation of the collateral. Frequent interaction with senior management regarding the status of problem loans. Required Skills: Working knowledge of and ability to use basic computer programs such as Word, Excel and Outlook. Good mathematical skills Excellent communication skills both written and verbal. Ability to review and understand documents such as notes, guaranties, security agreements and mortgages, and the meaning of provisions and terms contained therein. Ability to review and understand financial documents such as personal financial statements, credit reports and tax returns. Basic understanding of legal proceedings and terms. Excellent organizational skills and the ability to handle multiple projects and deadlines. Effective interpersonal skills with management, colleagues, administrative staff, obligors and their advisors, in-house and outside counsel and members of other departments. Required Experience: Bachelor's degree and a minimum of five years related experience, or High School diploma and a minumum of 7 years of experience. Valid driver's license. Preferred Experience: JD degree or training or experience with legal proceedings such as foreclosures, collections actions and bankruptcies preferred. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance Industries Banking and Financial Services Referrals increase your chances of interviewing at Valley Bank by 2x Inferred from the description for this job
Medical insurance Vision insurance 401(k) Paid maternity leave Paid paternity leave Tuition assistance Get notified about new Loan Officer jobs in
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This range is provided by Valley Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range
$120,000.00/yr - $160,000.00/yr Additional compensation types
Annual Bonus Direct message the job poster from Valley Bank Job Overview The Workout Officer seeks repayment of commercial loans and commercial mortgages that are in default or that have an impaired likelihood of recovery. Responsibilities include but are not limited to: Restructure problem loans by implementing an amortization plan based on the borrower's realistic ability to repay. Seek alternate means of loan repayment through the liquidation of collateral, when necessary, in an effort to protect the bank's interest. Reduce the overall degree of risk associated with Special Asset credits. Guide outside counsel in collection strategy in order to maximize recovery. Analyze financial statements, loan documents, and collateral to ascertain best collection route. Make recommendations to senior management as to risk ratings, accrual of interest and charge-offs. Review, analyze and correct any structural or documentation deficiencies and monitor the Bank's collateral position or liquidation of the collateral. Frequent interaction with senior management regarding the status of problem loans. Required Skills: Working knowledge of and ability to use basic computer programs such as Word, Excel and Outlook. Good mathematical skills Excellent communication skills both written and verbal. Ability to review and understand documents such as notes, guaranties, security agreements and mortgages, and the meaning of provisions and terms contained therein. Ability to review and understand financial documents such as personal financial statements, credit reports and tax returns. Basic understanding of legal proceedings and terms. Excellent organizational skills and the ability to handle multiple projects and deadlines. Effective interpersonal skills with management, colleagues, administrative staff, obligors and their advisors, in-house and outside counsel and members of other departments. Required Experience: Bachelor's degree and a minimum of five years related experience, or High School diploma and a minumum of 7 years of experience. Valid driver's license. Preferred Experience: JD degree or training or experience with legal proceedings such as foreclosures, collections actions and bankruptcies preferred. Seniority level
Seniority level Mid-Senior level Employment type
Employment type Full-time Job function
Job function Finance Industries Banking and Financial Services Referrals increase your chances of interviewing at Valley Bank by 2x Inferred from the description for this job
Medical insurance Vision insurance 401(k) Paid maternity leave Paid paternity leave Tuition assistance Get notified about new Loan Officer jobs in
Fairfield, NJ . Englewood Cliffs, NJ $60,000 - $70,000 1 week ago Oak Ridge, NJ $51,200 - $73,200 2 days ago New York, NY $150,000 - $180,000 3 weeks ago Investment Banking Analyst (ILS Focused)
Commercial Loan Officer and Underwriter (Remote)
New York, NY $125,000 - $160,000 3 days ago Hackensack, NJ $184,019 - $562,000 3 weeks ago Commercial Loan Officer and Underwriter (Remote)
Brooklyn, NY $110,000 - $140,000 2 days ago New York, NY $125,000 - $140,000 3 weeks ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr