Senior Credit Workout Officer

Northwest Bank

. Meet with borrowers and evaluate management teams and business plans to determine whether to retain or exit credit .

Posted 10/23/2026full-timeUnited StatesSenior💰 $115,000 - $135,000 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in commercial lending, including special assets and loan review, with strong analytical skills to evaluate financial statements and develop effective workout strategies. Proficient in compliance with Federal/State regulations and capable of building relationships while maximizing technology tools.

Highest-signal resume keywords

Commercial Lending ExperienceFinancial Statement AnalysisWorkout Strategy DevelopmentRegulatory ComplianceRelationship Building

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Loan Documentation IntegrityCollateral PerfectionBankruptcy AnalysisForeclosure CoordinationJudgment AcquisitionPayment Terms EstablishmentData AnalysisCharge-Off InitiationLoan Portfolio ReviewLoss Mitigation Strategies

Soft Skills

Effective CommunicationProblem-SolvingDecision-MakingTeam CollaborationOrganizational Skills

Tools & Technologies

Microsoft OfficeDepartment-Specific SoftwareOn-Site Equipment

Industry Keywords

Commercial LendingSpecial AssetsCredit ReviewLoan ReviewFederal RegulationsState RegulationsWorkout ProceduresCollection ActivityAsset LiquidationSafety Procedures

About the role

Key responsibilities & impact

Meet with borrowers and evaluate management teams and business plans to determine whether to retain or exit credit
Negotiate with professionals to establish workout or exit plans
Ensure integrity of loan documentation and confirm collateral perfection
Analyze financial statements and identify and resolve problems or issues
Record agreements and conversations
Prepare correspondence and documentation for workout/exit plans
Discuss credit grades and workout procedures
Issue demand letters
Monitor collection activity and bankruptcies
Obtain judgments
Establish and 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 staff and counsel
Order appraisals
Initiate charge-offs and write-downs
Interact with financial institutions and examiners
Recommend loss mitigation strategies
Work with minimal direct supervision using independent judgment and decision-making
Prepare loan portfolio reviews and quarterly reports
Recommend improvements to workout policies and procedures
Build relationships with internal customers
Maximize technology tools and minimize departmental costs
Ensure compliance with company policies and Federal/State regulations
Work as part of a team and follow safety and loss-prevention procedures

Requirements

What you’ll need

Bachelor's Degree in business, accounting, finance, or related subject matter
8–12 years of experience in an area related to commercial lending, including special assets, loan review, credit, and/or lending
Ability to establish effective working relationships and participate in problem-solving and decision-making
Ability to present and express ideas and information clearly and concisely, orally and in writing
Ability to actively listen, share information, and facilitate open exchange of ideas
Ability to establish courses of action, develop tracking systems, monitor work progress, and use resources effectively
Ability to make sound decisions using perceptive and analytical processes and good judgment in gray areas
Extensive team-player abilities
Extensive organizational skills
Extensive ability to analyze data, bankruptcy, foreclosures, and repossession
Ability to use Microsoft Office software, computer applications, and department-specific software
Ability to work with on-site equipment
Ability to comply with Northwest policies, procedures, and Federal/State regulations

Benefits

Comp & perks

Additional bonus earning opportunities
Benefits are available
Equal opportunity and inclusive work environment