Loan Workout Officer

Job Description

Job Description

Dieterich Bank is seeking a detail-oriented and analytical Loan Workout Officer to assist in the management and resolution of criticized and classified loan relationships. This role is responsible for helping minimize credit losses, maximize recoveries, and return borrowers to performing status whenever possible.The Loan Workout Officer works closely with lending staff, credit administration, borrowers, attorneys, and regulators to develop and implement effective workout and recovery strategies while ensuring compliance with bank policy and regulatory requirements.Key Responsibilities: Problem Loan and Portfolio ManagementManage an assigned portfolio of criticized and classified loans, including commercial, agricultural, and consumer credits, consistent with the bank's policy and regulatory standards. Assist in identifying emerging problem credits through delinquency trends, covenant violations, collateral deterioration, or borrower financial stress. Participate in the development, execution, and monitoring of workout strategies designed to improve collectability, reduce risk, and maximize recovery. Loan Workouts, Restructurings, and CollectionsAssist in structuring and administering loan workouts, including extensions, renewals, modifications, forbearance agreements, restructurings, and exit strategies. Analyze borrower financial information, cash flow, collateral position, guarantor support, and repayment capacity to support workout recommendations. Prepare or assist with loan modification memoranda, workout summaries, and internal approval documentation. Monitor borrower compliance with workout terms, triggers, and performance benchmarks.Legal, Bankruptcy, and Recovery ActivitiesCoordinate with internal and external legal counsel on foreclosure, replevin, repossession, bankruptcy, judgment enforcement, and other collection actions, as directed by the Special Assets Manager. Monitor loans subject to bankruptcy proceedings, assist with proof of claim preparation, reaffirmation agreements, and compliance with court requirements. Support collateral liquidation efforts, including coordination of appraisals, evaluations, inspections, auctions, and asset sales.OREO SupportAssist in the management of Other Real Estate Owned (OREO) properties, including tracking valuations, expenses, insurance, taxes, maintenance, and disposition efforts. Support OREO acquisition and disposition documentation, approval tracking, and reporting in accordance with the bank's policy.Reporting and Credit AdministrationAssist with preparation of problem loan reports, criticized loan summaries, delinquency reports, and other internal or regulatory reporting as assigned. Maintain accurate and timely credit file documentation to support examiner, auditor, and internal review requirements. Provide updates to the Special Assets Manager regarding portfolio status, risks, and recommended actions.Collaboration and SupportWork collaboratively with loan officers to transition credits into special assets and support resolution efforts. Participate in internal problem loan meetings and assist with examiner and loan review requests.Compliance and Risk ManagementEnsure all collection, workout, and recovery activities comply with Dieterich Bank's loan policy, regulatory guidance, and applicable state and federal laws. Apply consistent, fair, and ethical collection practices. Maintain strict confidentiality of borrower and bank information.Education & Experience:Bachelor 's degree in Business, Finance, Accounting, or a related field preferred.3-7 years of experience in commercial lending, credit analysis, loan administration, collections, special assets, or a related field.Experience with problem loan management, workouts, restructurings, or collections preferred.Equivalent combinations of education and experience will be considered.Knowledge, Skills & Abilities:Knowledge of commercial, agricultural, and consumer lending practices.Understanding of loan risk ratings, impaired loans, non-accrual accounting, and workout strategies.Familiarity with foreclosure, bankruptcy, repossession, and collection processes.Strong financial analysis and credit evaluation skills.Excellent written, verbal, and interpersonal communication skills.Strong organizational and time-management abilities.Professional judgment, discretion, and attention to detail.Proficiency in Microsoft Office and banking systems.Commitment to Dieterich Bank's core values of Integrity, Value, Service Excellence, and Teamwork.Work Location: This position may be based out of one of the following locations:Loan Production Office- South County, St Louis Corporate Center- Effingham, ILTrenton Branch- Trenton, ILTravel Requirements:Some travel may be required for:Borrower meetingsCollateral inspectionsCourt proceedingsOREO property oversightBenefits & Perks: Group Health InsuranceGroup Dental & Vision InsuranceLife, AD&D & LTD Insurance401(k) Plan - Employer matching availableEmployee Assistance ProgramDiscretionary Profit Sharing PlanDiscretionary Bonus PlanPaid Time Off (Holidays, sick time, personal time, and vacation)8 hours of paid time volunteer with a charity of their choice.Why Join Dieterich Bank? At Dieterich Bank, you'll be part of a team that values integrity, collaborating, and community involvement. This position offers an opportunity to utilize your credit and lending expertise while helping borrowers, protecting the bank's assets, and contributing to the long-term success of our organization.Apply today and become part of the Dieterich Bank Green Team!Dieterich Bank is an EEO/AA/Vet/Disability Employer.