Loan Workout Manager

Job Description

Job Description

Loan Workout Manager

Location : Greater Philadelphia Area

Base Pay : $95,000-$150,000

Overview :

The Loan Workout Manager is responsible for overseeing the Bank’s distressed credit portfolio, with direct accountability for managing recovery efforts across both commercial and consumer loans. This individual plays a critical role in developing, negotiating, and executing strategies with borrowers and legal representatives to resolve non-performing assets while ensuring adherence to internal credit policies, industry regulations, and applicable legal standards.

Primary Duties :

• Monitor credit quality and proactively flag accounts showing early signs of distress; contribute to internal credit risk ratings and provide input to leadership on risk-related matters.
• Review borrower financials, loan agreements, and credit histories to assess exposure and guide decision-making.
• Partner with borrowers and legal advisors to structure and negotiate feasible resolution strategies aimed at minimizing potential loss.
• Lead monthly Delinquency and quarterly Special Asset Committee meetings.
• Prepare activity reports for Senior Management and Regulatory agencies.
• Recommend strategic next steps to executive management and oversee execution of agreed-upon solutions.
• Lead the end-to-end collections process, including foreclosure proceedings when necessary.
• Compile and share activity reports with executive leadership and regulatory bodies, as required.
• Administer insurance claim processes tied to secured collateral.
• Serve as back-up to the appraisal process, as needed.
• Comply will all State, Federal, and local laws, as well as Bank regulations.

Experience & Skills Required :

If you’d like to be considered for this opportunity, please apply using the “Apply” link, or reach out directly to :

Rob Titterington

Sr. Banking Recruiter

rtitterington@mri-hcg.com

724.837.6337

Confidentiality :

We respect your privacy and will never submit a resume to a third party without your permission. You can be assured that the information you give us will never be forwarded to any company without your specific, direct permission in advance.

bank1036