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Workout/Special Assets Officer Montgomery County, MD

Location : Montgomery County, MD
Job Type : Direct
Hours : Full Time
Required Education : Bachelors Degree
Travel : No
Relocation : No

Job Description :

Our client is a well-established financial institution that spans the Greater Washington DC area. They are currently seeking an experienced workout officer to join their team in DC.


Responsibilities include:

  • Manages/Monitors Past Due Loans.

  • Manages loan workout process which may include negotiations with borrower(s), guarantor(s), landlord, May also include liquidation of collateral, management of auction process, retention and interaction with bank counsel - all in an effort to maximize recovery and minimize the loss to the bank

  • Works with Bank Counsel(s) on negotiating troubled assets and attend hearings as needed; filing of judgments; collection activities

  • Restructures troubled assets. Negotiates, Manages and processes Change in Terms, Forbearance Agreements and loan modifications of loans in portfolio.

  • Works with bank auditors, external loan review auditors and state and federal regulators as needed.

  • Requests, reviews and analyzes financial information of Borrower(s).

  • Manages/Monitors OREO properties and properties classified as "Non-Performing Assets".

  • Coordinates insurance coverages for bank owned properties and properties lacking proper insurance coverage.

  • Orders & reviews appraisals of properties within loan portfolio.

  • Coordinates payment of collection expenses and legal fees.

  • Prepares and presents memos at quarterly Senior Management and Board Meetings.


Required Qualifications :
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