Hancock Whitney · 3 months ago
Loan Workout Specialist 4
Kirby - Houston, TX
Full-time
Onsite
Senior Level
6+ years expHancock Whitney is a financial institution seeking a Loan Workout Specialist 4. The role involves monitoring delinquent loans, advising on restructuring, and implementing recovery strategies to limit losses.
BankingFinancial Services
Responsibilities
Monitors the commercial delinquencies weekly and in conjunction with management
Works closely with officials of lending and borrowing institutions to review and restructure credit and repayment terms and to better secure collateral, attain an equity position, or otherwise establish recourse to other borrower assets
Successfully manages multiple complicated and complex troubled credits/relationships
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off
Reviews files assigned and develops a plan of action according to Bank and external policy/procedure and regulations
Communicates and coordinates with legal counsel both in-house and outside all legal activity associated with an assigned file
Reviews and evaluates appraisals (real estate or movables) as well as environmental reports relative to assigned accounts
Collects and incorporates all pertinent information for assembly into the department’s working and bank files
Drafts, updates, and presents watch list reports for review to watch loan and selected asset review committees
Initiates and participates in meetings with clients and many times their advisors, counselors, attorneys and CPA’s to address problems and develop solutions
Coordinates and facilitates interactions between various departments
Advises and assists loan officers and department managers with account deterioration and changes to approved plans of action
Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act
Qualification
Required
Bachelor's degree preferably in Business Administration, Finance, or Accounting
6 years of relevant experience in credit and/or collections required
Knowledge of sound credit, underwriting, and collateral recovery methods and procedures
Knowledge of tax, legal, and Bank credit/loan policy
Thorough understanding of the legal system relating to loan collections
Ability to prevent losses and to turn around non-performing credits
Ability to understand large and complex loans
An equivalent amount of related training, education and experience may be considered
Preferred
1+ years of supervisory experience preferred
Company
Hancock Whitney
Hancock Whitney is offers a wide array of banking and financial services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Mike Achary
CFO
Shane Loper
Chief Operating Officer
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