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Northwest Bank · 2 days ago

Senior Credit Workout Officer IV

Fishers, IN

Full-time

Hybrid

Senior Level, Lead/Staff

8+ years exp

Northwest Bank is seeking a Senior Credit Workout Officer IV to manage various credit workout responsibilities. The role involves evaluating borrower situations, negotiating workout plans, and ensuring compliance with regulations while working with minimal supervision.

BankingFinancial Services

H1B Sponsor Likely

Responsibilities

Ensure integrity of loan documentation

Review loan documents for perfection of collateral

Analyze financial statements

Identify and resolve problems / issues

Record all agreements and conversations

Prepare correspondence and documentation for workout plan

Discuss credit grades and workout procedures

Issue demand letters

Monitor collection activity and bankruptcies

Obtain judgments

Establish workout or exit plans

Report agreed payment terms and plans

Locate and inspect collateral

Coordinate foreclosures

Partner with loan officers

Prepare for litigation

Coordinate liquidation and sale of assets with appropriate staff and counsel

Order appraisals

Initiate chargeoffs and write downs

Negotiate with professionals to establish a workout or exit plan

Interact with other financial institutions and examiners

Recommend the best loss mitigation strategy

Work with minimal direct supervision and use independent judgment and decision making

Prepare reviews and quarterly reports on workout loans

Recommend improvements to workout policies and procedures

Build relationships with internal customers

Maximize available technology tools

Minimize departmental costs

Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations

Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency

Work as part of a team

Work with on-site equipment

Qualification

Commercial lending experienceFinancial statement analysisWorkout plan negotiationLoan documentation integrityLoss mitigation strategyIndependent judgmentMicrosoft Office proficiencyTeam collaboration

Required

Bachelor's degree in business / accounting or finance degree or related subject matter

8-12 years of experience of experience in an area related to commercial lending including special assets, loan review, credit and / or lending

Ability to analyze data, bankruptcy, foreclosures, and repossession

Company

Northwest Bank

Northwest Bank is a financial firm that offers banking, lending, payments, and wealth management solutions.

Founded in 1896

Warren, Pennsylvania, USA

1001-5000 employees

https://www.northwest.bank

H1B Sponsorship

Northwest Bank has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (4)

2024 (7)

2023 (3)

2022 (1)

2021 (5)

2020 (3)