Loan Workout Officer I job – Fulton Financial Corporation – Lancaster, PA

Loan Workout Officer I

Fulton Financial Corporation


32 reviews


Lancaster, PA

Recommends viable workout plans for Small Business least complex problem commercial loans and commercial mortgages within the Fulton Financial Corporation.

Ensures that these accounts are properly monitored for debt repayment or in the alternative, foreclosure or liquidation of assets to minimize or prevent loss or maximize recovery.

Responsibilities:
Essential Duties

Recommends appropriate workout plans on the least complex credits which translates into acceptable payments or in the alternative, moves the account towards foreclosure or liquidation.

Performs loan reviews of the problem credits with the ability to properly analyze documentation issues, along with awareness of the financial situation.

Recommends the appropriate course of action to the Workout Officer II and III as well as the Special Assets Regional Manager in handling a problem account.

Appropriately monitors the progress of workout accounts and recommends any required changes in action necessary to minimize loss or prevent loss.

Interacts with attorneys and debtors to secure appropriate workout arrangements.

Recommends accounting changes for nonaccrual and charged off loans.

Qualifications:
Education

Bachelor Degree or equivalent experience. Relevant degree pertaining to the essential duties of this role. (Preferred) Experience

1 or more years of experience in consumer and commercial lending, credit or collections/default. (Required)

EEO Statement :
Fulton Financial Corporation (“Fulton”) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.


32 reviews

Fulton Financial Corporation is a U.S. regional financial services holding company, headquartered in Lancaster, Pennsylvania.Fulton…

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