Commercial Loan Workout/CRU Officer - Credit Resolution

About the role

SUMMARY:   This position  is responsible for  administration of a portfolio of troubled and/or distressed   Commercial and commercial real estate credits. The primary duties of this position include   developing and implementing credit administration strategies that minimize the Bank’s  potential loss on each assigned credit. This position requires a thorough knowledge   of commercial credit underwriting and commercial collection practices, and the ability   to  effectively negotiate  appropriate exit  or remediation strategies with borrowers. This   position works closely with Bank management, lending  staff  and legal counsel to protect   the  Bank’s interests and ensure compliance with all applicable laws and regulations.     ESSENTIAL DUTIES AND RESPONSIBILITIES:   To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability  required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.   Review loan files upon assignment to understand the transaction and circumstances.   Takes   appropriate action  to enforce the Bank’s right or position with respect to the loan   and collateral.   Discuss issues with supervisor, other management personnel, and/or legal counsel to   develop strategies and solutions.   Appropriately document loan files with respect to action taken and  pertaining to  each   assigned account.   Works with third parties when  appropriate to  dispose of collateral.   Interacts with and directs the activities of commercial banking officers on accounts that   are being handled on a shared responsibility basis.   Review, analyze and interpret financial statements, perform cash  flow  and personal   financial statement analysis  in order to  assess the financial strength of a borrower.   Respond to common inquiries or complaints from customers, regulatory agencies,   or members of the business community.   Maintain a comprehensive knowledge of applicable state and federal regulations relating   to collections and/or workouts and ensure that the Bank’s policies and procedures are compliant with the same.   Develop and implement credit administration strategies that minimize  the Bank’s   potential loss.   Work with department management, Executive Management, Credit Officers and   legal counsel to ensure assigned accounts are managed  in accordance with  Bank’s   Credit Policy and applicable laws and regulations.   Make, review, and approve foreclosure sale bid recommendations   Review and evaluate real estate and equipment liquidation scenarios for CRU officers   Review foreclosure bidding instructions for CRU officers and provide input on the same   Review and evaluate collateral for commercial lenders as needed   Act as the liaison between the department and vendors for real estate, equipment, vehicle sales as needed     OTHER REQUIREMENTS:   Banking is a highly regulated industry and you will be expected to acquire and maintain a proficiency in the Bank's policies and procedures, and adhere to all laws, rules and regulations that are applicable to your conduct and the work you will be performing.   You will also be expected to complete all assigned compliance training  in a timely manner.   Professional appearance and demeanor   Possess clear, concise, effective written and oral communication skills to effectively express thoughts,  ideas  and concepts to bank employees and bank customers.   Ability to  identify  redundancies and inefficiencies, make  recommendations  and successfully implement a solution.   Ability to quickly assess a situation and  make a decision.   Ability to work in a fast-paced environment with competing demands of time and resources.   Demonstrate confidence, assertiveness,  professionalism  and ability to interact with all levels of the organization.   Ability to  identify  and assess issues and make  appropriate recommendations  or decisions.   Ability to use technological resources to maximize efficiency.   Effective organizational skills with attention to detail and promptness.   Good negotiation skills.   Understanding of  residential and commercial facilities and knowledge of building codes.   MS Office, including Word,  Excel  and Outlook.   Must have a valid driver’s license   Overnight travel is  required   Qualifications College degree  strongly  preferred.    Minimum of 3 years’ experience in commercial Banking or Loan Review  required.   Previous  knowledge and experience in the maintenance and sale of real estate is  required.    Knowledge of vehicle and equipment evaluation is preferred.   Construction project management is preferred.   Location This position is 100% remote within the Bank's footprint.  Employee  will work full time  remote  outside of a WesBanco location (may occasionally attend in person meetings, although primary functions of the role are performed remotely).