Senior Loan Workout Specialist

: Position Summary: Responsible for managing the restructure of larger and/or more complex troubled borrower relationships and/or adversely graded loans within the Credit Union's loan portfolio of diverse size and complexity in compliance with all applicable state and federal laws, rules and regulations and company policies and procedures. Senior Loan Workout Specialist will work in collaboration with loan officers, counsel, and external partners to drive solutions on troubled assets. Senior Loan Workout Specialist manages potential loan losses by overseeing the workout and liquidation of problem loans, including the identification, and reporting of delinquent loans, impaired loans and/or troubled loan modifications. Coordinates and closely interacts with legal counsel, and for the direct representation of the credit union in district, state and federal civil, probate, and bankruptcy court actions and proceedings. GREENSTATE CULTURE: At GreenState, we exist to create lasting value for those we serve. We do this by putting immense value into our employees, members, and communities. We empower our employees to create endless opportunities, which will then impact the lives of our members and enhance the vitality of our communities. Salary range for this position is $119,078.30 - $159,375.58/YR with a progressive benefit package. Essential Duties and Responsibilities: Performs essential duties and responsibilities in the following areas which may include, but are not limited to those listed and are subject to change:

• Adheres to the Credit Union's core values and Service Standards in conducting GreenState's mission and vision.
• Demonstrates teamwork in all interactions with co-workers and in the completion of all duties and responsibilities.
• Ensures confidentiality of member information.
• Assumes the responsibility for the oversight of problem loans.
• Supports a diverse and inclusive work environment.
• Monitors portfolio on an ongoing basis and analyzes any developing trends; evaluates changes in the portfolio and in the Credit Union's exposure and regularly reports finding to the SVP/Account Resolutions and Finance.
• Coordinates with the lending officers as problems become evident and, identify workout/exit strategies.
• Collaborate with line of business partners to ensure initiative-taking risk management and devise strategy for asset quality improvement, or workout/exit strategies.
• Reviews past -due and criticized loan reports, loan review reports and other sources of information for recommendation of possible downgrading of deteriorating credits, impaired loans and/or troubled loan modification.
• Collaborates directly with borrowers to restructure problem loans to maximize recovery and minimize risk and expenses.
• Makes collection contacts to delinquent accounts, conducts field calls, and performs any tasks or duties to aid in collection of past due accounts.
• Maintains a record of all communications and all collection activity.
• Formulate, recommend, and execute orderly liquidation/exit or rehabilitation plans to maximize recoveries, reduce criticized and non-performing loans. Coordinates the proper legal repossession and foreclosure of collateral securing delinquent accounts, and for the maintenance of that collateral while in the credit union's possession and for its appropriate and legal disposition.
• Collect updated borrower financial information in accordance with periodic reporting requirements and complete scheduled loan reviews.
• Represents the Credit Union in dealing with legal counsel, small claims, district, state and federal civil, bankruptcy and probate courts, repossession agencies, and collection and/or credit counseling agencies, as required.
• Prepare and present complex, well-written credit presentations for use by credit committees, investors, participants, and Agencies in making credit decisions.
• Manages watch loan list and prepare necessary quarterly updates.
• Prepare necessary reports for Credit Committee and Charge-off Committee.
• Collect updated borrower financial information in accordance with periodic reporting requirements and complete scheduled loan reviews.
• Makes recommendations regarding potential charge-offs of problem loans within delegated level of authority.
• Manages OREO/foreclosed properties, operating budgets, and expenses.
• Execute approved strategy in a timely manner with assessment of success and reformulation of revised strategy proactively with updated approvals obtained as needed during the workout process.
• Oversees the analysis of collateral valuation and OREO property valuation, considering their corresponding markets to determine and recommend appropriate disposition strategies, book values and charge-offs in conformance with Credit Union policies and procedures.
• Keeps abreast of new developments in the field of collections, bankruptcy, loan workout and all related regulatory and compliance guidance.
• Reviews and recommends revisions to department policy and procedures. Assists in the development of new and revised policies and procedures.
• Plays a vital role in enriching the community by participating in community service organizations and/or credit union sponsored events on an annual basis.

Job Requirements/Expectations:

• Bachelor's degree with a minimum ten years of related collection experience with Commercial, Consumer, and mortgage accounts to include minimum five years of loan workouts, risk management, credit analyst, and underwriting experience. Must also have thorough working knowledge of collection, real estate, and bankruptcy laws and regulations or equivalent experience.
• Thorough knowledge of financial statements/analysis, accounting principles, credit underwriting, financial statement analysis, and general lending principles.
• Working knowledge of Federal and State collections codes.
• Ability, availability, and willingness to work flexible hours to accomplish workload. At times length of working day can be unpredictable, must be willing and able to work early and/or stay late with short notice.
• Must possess advanced interpersonal, oral, and written communication skills necessary to gather data from multiple sources and to represent positively the credit union during such contact.
• Strong diligence with organizational and analytical skills, and well-honed written, oral and presentation skills.
• Ability to prioritize work assignments and organize work efficiently, to meet established deadlines.
• Thorough independent judgement and critical thinking skills, as well as the ability to develop conceptual alternatives.
• Ability to plan, organize, implement, and interpret programs, goals, objectives, policies, and procedures.
• Ability to plan, develop, and coordinate multiple projects.
• Proficiency with related computer applications, spreadsheets, word processing, and database applications.
• Must be bondable.

Reporting Relationship: This position reports to the Senior Vice President/Account Resolutions. Supervisory Responsibilities: This position is not currently responsible for the supervision of other employees. Equal Opportunity Employment Statement: GreenState Credit Union is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.