Special Assets Workouts Credit Officer - VP Job

Employer Name: Confidential	SpiderID: 2936607
Location: New York, New York	Date Posted: 11/5/2009
Wage: To 130K+ bonus	Category: Banking/Mortgage
Job Code: RR-3532
Number Of Openings: 1

Job Description:
Our client, a major international bank located in New York City, is seeking a Special Assets / Distressed Loans Credit Analyst – VP to join their credit division

The ideal candidate must have superior credit skills, experience working in a workouts / remedial management department, strong negotiation and portfolio management skills

Major Responsibilities:
• Manage a portfolio of troubled loans and develop a plan for restructuring and renegotiating credit agreements / terms
• Develop resolution strategies and negotiate with clients and banks to minimize loan loss for the bank
• Analyze risk and perform credit reviews of existing clients / loans
• Prepare and present credit recommendations for approval
• Evaluate credit applications / write ups and communicate with various lending business lines throughout the bank on how to handle and avoid troubled loans
• Liaise with other bank departments including Credit Examination, Legal and Risk Management
• Keep abreast with industry and market information to better understand new and outstanding loans
• Make improvement recommendations for the bank’s credit policy

Job Requirements:
• 5 + years of experience handling distressed / troubled loans – handling loan work outs
• Superior credit analysis skills – cash flow modeling / projections and credit writing skills
• Exceptional negotiation and communication skills – ability to communicate with all Corporate Lending areas within the bank
• Excellent presentation skills
• Knowledge of bankruptcy laws
• Bachelor’s degree a must
• Master’s degree a plus
• Formal credit training highly preferred

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Job Criteria:
Start Date: Immediately
Position Type: Full-Time Permanent
Years of Experience Required: 5
Education Required: Bachelors
Overnight Travel:
Vacation Time:

Contact Information:

Contact Name: Kristin Shannon	Company Type:
Company:

City: New York
State: New York
Zip: 10038

Web Site: http://drumassociates.com