Loan Accounting Processor Job at Selby Jennings, West Palm Beach, FL

NUZKMUtWV2Y4WnZSbzAzZml5T1ltc1ZrK2c9PQ==
  • Selby Jennings
  • West Palm Beach, FL

Job Description

Position Summary:

The Loan Workout Specialist will be responsible for managing and resolving underperforming or distressed loans within our lending portfolio. This role requires a deep understanding of credit risk, legal industry dynamics, and restructuring strategies. The ideal candidate will work closely with borrowers, legal counsel, and internal stakeholders to develop and execute effective workout plans that preserve capital and maximize recovery.

Key Responsibilities:

  • Assess and monitor the financial health of borrowers showing signs of distress.
  • Develop and implement customized workout strategies, including forbearance agreements, restructurings, and collateral enforcement.
  • Collaborate with legal counsel to navigate complex legal and regulatory issues related to loan enforcement.
  • Negotiate directly with borrowers to restructure loan terms or facilitate settlements.
  • Prepare detailed credit memos and recovery forecasts for internal review.
  • Maintain accurate and timely documentation of all workout activities and borrower communications.
  • Provide strategic input on portfolio risk management and early warning indicators.
  • Support litigation or recovery efforts when necessary, including coordination with outside counsel.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Business, or related field (JD or MBA preferred).
  • 5+ years of experience in loan workouts, credit risk, or special assets, preferably within private credit or commercial lending.
  • Familiarity with the legal industry and law firm financial structures is highly desirable.
  • Strong negotiation, analytical, and problem-solving skills.
  • Excellent communication and interpersonal abilities.
  • Proficiency in financial modeling and credit analysis.
  • Ability to manage multiple complex cases simultaneously.

Job Tags

Similar Jobs

Gulfstream Aerospace Corporation

Cabinet Finisher Sr Job at Gulfstream Aerospace Corporation

***This role is eligible for a sign-on bonus!*** Cabinet Finisher Srin GAC St. Louis Unique Skills: Any shift; Up to 15% shift differential for employees who work non-standard hours. The compensation range for this role is $31.05 - $36.23 per hour.... 

Destination Pet LLC

Practice Manager - Purple Paws Pet Clinic Job at Destination Pet LLC

 ...revolutionizing the pet industry. Join us! We are looking for a Practice Manager to lead our team at Purple Pawz Pet Clinic REPORTS TO:...  ...strong customer service experience and skills. Veterinary experience required. Must have experience in managing inventory... 

Richard, Wayne & Roberts

Commercial Analyst Job at Richard, Wayne & Roberts

Our client is seeking a detail-oriented and proactive Commercial Analyst to join their Commercial Operations team. This role is responsible for ensuring the flawless execution of LNG cargo deliveries across facilities in line with Sales and Purchase Agreements (SPAs...

Jobleads-US

Creative Director Job at Jobleads-US

CREATIVE DIRECTOR - HealthcareLocation: Norwood, MA | Hybrid (In-office presence required)About the ClientOur client is a leading brand experience and content marketing agency, recognized by The Boston Globe as one of the Top Places to Work in both 2022 and 2023. Their... 

TEC Partners - Technical Recruitment Specialists

Senior Embedded Software Engineer Job at TEC Partners - Technical Recruitment Specialists

 ...Embedded Software Engineer Satellite Technology (California-based Startup) Location:...  ...fast-growing startup in California thats developing cutting-edge satellite technology and...  ...engineers and technologists with deep experience in aerospace and satellite systems. They...