Loan Workout Special Assets Officer - Commercial Real Estate
$102,717–$158,469 year
On-siteHicksville, New York, United States
Job Summary
Manage a portfolio of classified commercial real estate and multifamily loans end-to-end, preparing credit approval memos with detailed financial analysis, collateral assessments, and risk evaluations. Identify emerging credit risks, report changes to management, and implement corrective actions to minimize defaults and impairments. Develop and execute workout strategies, lead negotiations with borrowers and third parties, and enforce loan covenants while maintaining compliance with federal, state, and local regulations. Perform quarterly reserve analysis, charge-off calculations, and credit cost forecasting. Base pay ranges from $102,717 to $158,469; location is New York, NY.
Required Qualifications
- Undergraduate Degree (4 years or equivalent)
- Business Administration, Finance, or related field
- 6+ years within the Workout/Special Assets field
- preferably at an OCC regulated institution
- Familiarity with various loan databases
Desired Qualifications
- 7+ years of relevant work experience preferred
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