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NewtekOne (NASDAQ: NEWT) · 6 hours ago

Loan Workout Specialist

United States

Full-time

Remote

Senior Level

$80K/yr - $120K/yr

5+ years exp

NewtekOne is a financial holding company providing a range of business and financial solutions to the small- and medium-sized business market. The Loan Workout Specialist will establish relationships with existing borrowers to identify and resolve issues with delinquent accounts, utilizing advanced collection and credit skills to maintain and process high-risk loans.

Financial Services

Responsibilities

Responsible for the maintenance and restructure of past due loans as necessary

Collection calls for all loans over 30 days past due

Analyze and identify problems from verbal conversations

Follow-up with borrowers/guarantors for updated personal financial statements and/or tax returns

Review financial condition and operating trends of clients for changes adversely affecting asset quality and value of the business

Negotiate adjusted payment time frames in order to reduce delinquent accounts

Responsible for periodic credit write-up on accounts for management review

Participate in the documentation and implementation of loan amendments and restructures

Act as liaison and work closely with the SBA

Ordering site visits on all accounts past due payments forty-five (45) days or more

Assist the manager on field calls when applicable

Prepare monthly reports for senior management

Cross Selling other Newtek services to a new or existing customer with the belief that you are creating a partnership and serving the customer by introducing them to additional products or services that assist the business owner in increasing sales, reducing expenses and minimizing risk

When an opportunity is uncovered the customer should be live transferred to the appropriate Business Service Specialist (BSS) or a referral should be put into Newtracker

Qualification

Loan restructuringCredit analysisBankruptcy Code knowledgeNegotiation skillsMicrosoft Office proficiencyLoan collection knowledgeAnalytical skillsCommercial transaction experienceAccounting backgroundAttention to detailProblem solvingCommunication skillsOrganizational skillsTime managementRelationship building

Required

Computer literate; proficient with Microsoft Office products, i.e. Word, Excel, etc

Excellent attention to detail, follow up and problem solving

Strong analytical, negotiation and organization skills

Keen listening, verbal and written communication skills

Ability to resolve problems with minimal guidance

Must be familiar with Bankruptcy Code Chapters (7, 11, 13) and must be able to work effectively with outside attorneys

Knowledge of foreclosures (judicial, non-judicial, deed in lieu of foreclosure, ff&e and corporate stocks) is a must

Working understanding of loan collection, regulations and legal collection process

Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established time frames

Ability to establish and maintain effective work relationships both internally and externally

Knowledge of banking principals, policies, and procedures

Minimum of five (5) years experience handling commercial transaction