Credit Risk & Workout Specialist

Responsibilities

Altec Capital Services (ACS), a division of Altec, is hiring a Credit Risk & Workout Specialist in Birmingham, AL (Corporate Location).

This position is responsible for administering all aspects of risk on distressed commercial loans and leases, working to maximize recovery and minimize losses.

Responsibilities


* Continuously monitor and manage existing problem loans/leases, preparing detailed action plans, exposure management strategies, and account related administrative duties.


* Analyze financial or operational performance of companies facing financial difficulties to identify or recommend remedies.


* Collaborate with internal departments (e.g., Credit, Legal, and Operations) leading coordination with external parties (e.g., legal advisors, accountants, and participating banks).


* Prepare periodic reports and information pertaining to the account for senior management - including progress on workout strategies, recovery prospects and evolving risks.


* Identify and assess risks associated with distressed loans/leases.

Develop risk mitigation strategies to minimize potential losses.


* Stay informed and evaluate business and market trends that may affect portfolio performance.


* Prepare materials for internal audits and external audits.


* Proactively escalate operational risk and loss events to management if applicable.


* Review and approve amendments and assisting with leading the preparation of credit documentation.


* Develop and implement strategies for loan/lease restructuring and workout plans.

Education, Experience, and Skills Required



* Bachelor's degree in Finance, Accounting, or Economics required.


* Four plus years' experience at a commercial lending institution - in loan workout, or related areas within the banking/finance industry required.


* Must be able to work with team members

Should the selected candidate meet the qualifications of a more experienced level in the career path, the job level may be adjusted.

Please apply directly on our website https://jobs.altec.com/

Other Position Specifications


* Proficiency and experience performing loan workouts.


* Proficiency in financial modeling, analyzing financial statements, tax returns, cash flow statements and credit reports.


* Extremely detail oriented


* Knowledge of risk management practices and an understanding of market trends and economic indicators.


* Proficiency in using financial analysis software and Microsoft Office Suite, particularly Excel.


* Demonstrated strong communication skills


* Demonstrated ability to manage time and meet deadlines


* Strong leadership qualities and demonstrated leadership experience


* Ability to work independently


* High level of initiative and works well in a team environment


* Must handle stress and deadlines well


* Able to prioritize and handle multiple tasks while ensuring quality work


* Rel...