SAG Workout Officer IV

SAG Workout Officer IV General Function: Works in the Special Assets Group Corporate & Investment Banking Vertical Specialty Lending team to assist and direct in the orderly liquidation/exit and rehabilitation of the very large and complex credits with a high dollar impact to the organization. Collaborates with the Portfolio Manager to maintain the portfolio by monitoring credits, formulating and driving strategic plans to maximize returns to the Bank. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. Essential Duties and Responsibilities Collection of past‑due accounts Formulate and execute exit strategies on the largest and most complex administrative loans Recommend and negotiate best courses of action on the largest and most complex administrative loans Collaborate with Portfolio Managers to obtain necessary financial information for proper tracking of financial covenants, exceptions, and approval preparation Work closely with or assist the CIB Verticals on potential trouble credits Identify potential loss on administrative credits Complete required reporting such as ALSRs on administrative credits Maintain adequate credit/collateral files Identify when legal counsel is required given transaction complexity Co‑train and mentor junior workout officers Attend Administrative Loan Meetings to present collection updates and strategy Other duties as assigned Supervisory Responsibilities None. Minimum Knowledge, Skills and Abilities Required Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required Typically requires 10 years of workout or related banking experience Deep understanding of credit policies, procedures, and decisioning tools Knowledge of bankruptcy law and related legal proceedings Strong oral, written communication, and negotiation skills Ability to access, analyze and recommend the best course of action in difficult credit situations Possess analytical and problem‑solving skills PC proficiency with Windows‑based word processing and spreadsheet applications Working Conditions Normal office environment with little exposure to dust, noise, temperature, and the like Extended viewing of a CRT screen Travel required Total Base Pay Range: $121,900.00 – $262,100.00 USD annually. At Fifth Third, we understand the importance of recognizing employees for the role they play in improving the lives of our customers, communities, and each other. Our total rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day. The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skill set, experience, education, and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business, and/or individual performance. Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional, and social well‑being. Location: Cincinnati, Ohio 45202. Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status. #J-18808-Ljbffr Fifth Third Bank