Loan Workouts Officer Job at Taurus Search, Newark, NJ

OUtmZmw3blJrNVZWZjBpYmkxaldYZnU4aHc9PQ==
  • Taurus Search
  • Newark, NJ

Job Description

My client is seeking a Loan Workouts Officer that has at least 5 years of relevant experience. Primary Responsibilities: Create tailored repayment solutions for distressed loans, focusing on amortization schedules aligned with the borrower’s actual financial capacity. When necessary, initiate the sale or liquidation of collateral assets to protect and recover the bank’s position. Actively manage and reduce credit risk within the Special Assets portfolio. Coordinate with external legal counsel on recovery efforts and legal strategies to optimize loan recovery outcomes. Conduct in-depth analysis of borrower financials, loan documentation, and collateral to determine the most strategic path for recovery. Provide informed recommendations to senior leadership regarding credit risk classification, interest accrual decisions, and potential write-offs. Address weaknesses in loan structure or documentation, and oversee the ongoing assessment of collateral value or liquidation progress. Communicate regularly with senior executives to provide updates and insights on the resolution of high-risk or non-performing loans.

Job Tags

Bank staff,

Similar Jobs

Ellie Mental Health - 133

Licensed Mental Health Therapist LMFT LMHC LCSW Job at Ellie Mental Health - 133

 ...practitioners have more time to focus on what they love - serving clients! We want our people to be happy because happy therapists do better work and provide better client care! Who we are looking for: Fully Licensed Therapists! The perfect candidate will be fully licensed... 

Ryan Companies US

3D Artist II Job at Ryan Companies US

 ...Job Description: Ryan Companies US, Inc. has an immediate career opportunity for a 3D Artist II to join our team in Minnesota! The 3D Artist II role supports the creation of high-quality architectural visualization for Ryan Companies internal groups - including... 

DR VALERIE SWAN ORAL & MAXILLOFACIA

Oral Surgery Assistant Job at DR VALERIE SWAN ORAL & MAXILLOFACIA

 ...Description Job Description Welcome to our state-of-the-art Oral & Maxillofacial Surgery, Implantology, Facial Aesthetics practice in the heart of...  ...to patient-centered care, we are looking for surgical assistants who share our passion, work well under pressure, take... 

Usi Insurance

Entry-Level Business Analytics Consultant Job at Usi Insurance

A national consulting firm in Colorado seeks an Entry-Level Business Analytics Consultant to develop data-driven solutions. The ideal candidate is pursuing a degree in a relevant field with a minimum GPA of 3.0, demonstrating strong analytical, problem-solving, and communication... 

Childrens Hospital Of The Kings Daughter

Ultrasound Sonographer Job at Childrens Hospital Of The Kings Daughter

 ...secure environment. Renders excellent patient care to patients and families. All hospital related interactions are courteous and confidential and in accordance with HIPAA regulations. Demonstrates the knowledge and ability to deliver developmental and age-appropriate...