CRE Workout Officer II

Description

The CRM Commercial Real Estate Workout Officer II delivers proactive management of a substandard portfolio of 10 to 15 Commercial Real Estate loans to minimize credit losses, ensure return matches risk and, where possible, return customers to a satisfactory rating.  Our group is focused on a rescue culture to retain as many clients as possible.  If you enjoy coming up with innovative solutions to complex problems in a high paced environment, this may be a great opportunity for you!

The portfolio will be a mix of bi-lateral and syndicated loans with individual Citizens Bank exposure averaging $15MM+.   The CRE Workout Officer II role includes working alongside a team leader to devise strategies, negotiate and structure transactions, obtain credit approval and document accordingly.  The role includes financial analysis, property valuation assessment, analysis of market dynamics and maintaining all required internal and external reporting.

Primary responsibilities include

• Persuasively presents the Bank’s thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits.
• Proactively manages the portfolio to implement strategies aimed at minimizing credit loss and, where possible, returning credits to satisfactory status.
• Maintains accurate charge off and non accrual forecasts and keeps pace with periodic reporting and annual reviews.

Qualifications:

• 5+ years Commercial Real Estate bank experience
• Workout experience preferred but not required
• Excellent math and analytical skills.
• Excellent communication skills both oral and written.
• Excellent time management skills.

Education, Certifications and/or Other Professional Credentials:

• Bachelor's degree required and 5 years+ of Bank experience

Hours & Work Schedule: 3 days in the office, 2 working from home

• Hours per Week: 40
• Work Schedule: Monday-Friday

#LI-CITIZENS2

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

At Citizens, we are committed to fostering an inclusive culture that enables colleagues to bring their best selves to work every day. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.

Equal Employment and Opportunity Employer

Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.