Loan Workout Manager - Baltimore
Location :
Baltimore, MD
Job Type :
Direct
Hours :
Full Time
Required Years of Experience :
7-10
Required Education :
Bachelor's Degree Required
Travel :
No
Relocation :
No
Job Description :
RESPONSIBILITIES:
· Analyze the financial statements of borrowers and guarantors, including cash flow reporting, to develop advanced financial models that assess financial performance, covenant adherence, debt service capacity, and restructuring potential.
· Perform in-depth analysis to determine the root causes of financial distress and recommend restructuring scenarios, including enterprise valuation assessments.
· Prepare detailed reports and forecasts regarding borrower performance, rating changes, and charge-off recommendations for senior management and Credit Risk Administration.
· Develop, document, and implement tailored workout strategies for distressed loans, collaborating with legal, compliance, and portfolio management teams to ensure optimized loan recoveries and regulatory compliance.
· Create and present high-quality written reports and quarterly updates to senior management and credit committees, outlining progress, remediation strategies, and risk assessments.
· Review loan documentation, ensuring all terms and conditions are met, and identify any potential areas of risk that may impact loan recovery efforts.
· Adhere to all corporate policies and regulatory standards, ensuring compliance with risk management guidelines, and escalate any issues to senior leadership as required.
· Ensure cost-effective management of legal and professional expenses and mitigate lender liability risks through diligent management of distressed assets.
· Participate in special projects, including forecasting and ad-hoc reporting, as assigned.
REQUIREMENTS:
· Bachelor's degree in accounting, finance, economics, or a related field; advanced degrees or certifications.
· Minimum of 7-10+ years of experience in wholesale banking credit, credit risk management, or turnaround consulting, with a focus on leveraged finance or distressed assets.
· Expertise with financial statement analysis, credit underwriting, and loan documentation, with a proven track record in managing distressed loan workouts.
· Sophisticated quantitative and analytical skills, with advanced proficiency in Microsoft Excel, including financial modeling and scenario analysis.
· Strong organizational, verbal, and written communication skills, with the ability to present complex financial concepts clearly and concisely.
· Ability to work independently, think strategically, and drive proactive solutions for complex distressed credit situations.
· Experience in multifamily lending is a significant plus.
· Advanced understanding of credit risk and regulatory compliance.
Required Qualifications :
