Loan Workout Specialist 3 6/4/2020
New Orleans, LA
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JOB FUNCTION / SUMMARY:
Advises, restructures/rehabilitates, collects, recovers, converts and liquidates assets (usually adversely classified) assigned by management to the department.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Reviews files assigned and develops a plan of action according to Bank and external policy/procedure and regulations.
Communicates and coordinates with legal counsel both in-house and outside all legal activity associated with an assigned file.
Reviews and evaluates appraisals (real estate or movables) as well as environmental reports relative to assigned accounts.
Collects and incorporates all pertinent information for assembly into the department s working and bank files.
Drafts, updates, and presents watch list reports for review to watch loan and selected asset review committees.
Initiates and participates in meetings with customers and many times their advisors, counselors, attorneys, and CPA s to address problems and develop solutions.
Coordinates and facilitates interactions between various departments.
Advises and assists loan officers and department managers with account deterioration and changes to approved plans of action.
Performs other related job duties and special projects as assigned.
Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.
MINIMUM REQUIRED EDUCATION, EXPERIENCE, & KNOWLEDGE:
College degree in Business Administration, Finance, or Accounting or an equivalent amount of related training and experience
Eight years experience in credit and collections
Managerial experience preferred
Excellent underwriting skills
Knowledge of sound credit, underwriting, and collateral recovery methods and procedures
Knowledge of tax, legal, and Bank credit/loan policy
Thorough understanding of the legal system relating to loan collections
Ability to prevent losses and to turn around non-performing credits
Ability to understand large and complex loans
ESSENTIAL MENTAL & PHYSICAL REQUIRMENTS:
Ability to work under stress and meet deadlines
Ability to operate a keyboard if required to perform the essential job functions
Ability to read and interpret a document if required to perform the essential job functions
Ability to travel if required to perform the essential job functions
Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an undue hardship then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.
This job description is only valid as of the date it was revised. Please contact the HR Compensation Department to obtain the latest version. Information contained herein should be treated as confidential to Hancock Whitney.
NOTHING IN THIS JOB DESCRIPTION RESTRICTS MANAGEMENT'S RIGHT TO ASSIGN OR REASSIGN DUTIES AND RESPONSIBLITIES TO THE JOB AT ANY TIME.
Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.