Job Description

Commercial Loan Workout Officer (C&I) – To $175K – Hybrid Remote (Boston, MA) – Job # 3497

Who We Are

The Symicor Group is a boutique talent acquisition firm based in Lincolnshire, IL & Rockport, TX. Our nationally unique value proposition centers around providing the very best available banking and accounting talent. In fact, most of our recruiters are former bankers or accountants themselves!

We know how to evaluate the very best banking and accounting talent available in the market. Whether you are a candidate seeking a new opportunity or a bank or company president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our bank client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role in the Boston, MA area. The position is responsible for building and maintaining strong customer relationships.  Candidates must possess a high-level of personal accountability, strong credit knowledge, and analytical skills, and previous lending experience.

The opportunity has a generous salary of up to $175K and a benefits package.  (This is a hybrid remote position).

Commercial Loan Workout Officer responsibilities include:

• Providing portfolio management of assigned commercial customers.
• Working with assigned portfolio clients to coordinate the accumulation of all information required to perform reviews.
• Communicating regularly and effectively with borrowers that are seriously delinquent to identify and counsel them on the best workout options available.
• Reviewing loan files to ensure the completeness of the file and that all collateral has been secured properly.
• Negotiate workouts with all involved parties (borrowers, guarantors, SBA, and any other participants, etc.) from initial workout request to final close of workout.
• Preparing credit presentations/memos as appropriate related to portfolio clients including financial and collateral analysis.
• Recommending risk rating changes as appropriate.
• Providing customer service regarding collection issues.
• Researching delinquent accounts including documentation and file review and coordinate the optimum method to ensure receipt of payments.
• Resolving customer discrepancies and short payments.
• Ensuring through constant monitoring the potential accounts that could become non-accruing and/or require specific reserve allocations through the impairment process are identified and managed.
• Ensuring all credit and collection policies, procedures, practices, and documentation meet federal and state regulations.
• Performing other duties or special projects as required or as assigned.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Applicants should have a bachelor’s degree in finance or related area
• A minimum of 3-5 years of experience in a commercial lender role responsible for business development and  credit administration
• Previous credit analyst experience preferred
• Excellent communication and customer service skills are required
• Proficient in PC usage and standard office applications (i.e. Microsoft Word, Excel & Outlook.

The next step is yours. Email us your current resume along with the position you are considering to:

[email protected]

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