Fulton Bank is committed to making a positive impact in local communities and is seeking a Loan Workout Officer to join their Special Assets Team. The primary responsibility of this role is to develop and implement workout plans for small business commercial loans and mortgages, ensuring proper monitoring for debt repayment or foreclosure to minimize loss.
Responsibilities
- Develops and recommends appropriate workout plans on the least complex credits which translates into acceptable payments or in the alternative, moves the account towards foreclosure or liquidation
- Performs loan reviews of the problem credits with the ability to properly analyze documentation issues, along with awareness of the financial situation
- Recommends the appropriate course of action to the Workout Officer II and III as well as the Special Assets Regional Manager in handling a problem account
- Appropriately monitors the progress of workout accounts and recommends any required changes or action necessary to minimize loss or prevent loss
- Interacts with attorneys and debtors to secure appropriate workout arrangements
- Recommends accounting changes for nonaccrual and charged off loans
Skills
- Bachelor's Degree or the equivalent experience
- 1 or more years Consumer and Commercial lending, Credit or Collections/Default
- Specialty Relevant degree pertaining to the essential duties of this role
- Commercial Lending, Credit Or Collections
Benefits
- Medical plans with prescription drug coverage
- Flexible spending account or health savings account depending on the medical plan chosen
- Dental and vision insurance
- Life insurance
- 401(k) program with employer match and Employee Stock Purchase Plan
- Paid time off programs including holiday pay and paid volunteer time
- Disability insurance coverage
- Maternity and parental leave
- Adoption assistance
- Educational assistance
- A robust wellness program with financial incentives
Company Overview
Fulton Bank strive to have a better understanding of your financial goals, are a full-service commercial bank operating 250 branches. It was founded in 1882, and is headquartered in Lancaster, Pennsylvania, USA, with a workforce of 1001-5000 employees. Its website is https://www.fultonbank.com/.