Loan Workout Officer III

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company and every success we experience begins with them. We hire team members who raise the bar, who are collaborative and inclusive, who build relationships, and who are looking for a long-term career with Fulton Bank. We strive to promote a culture of work-life balance, to unplug and recharge to be your best self, at work and at home.

Ensures that viable workout plans are in place on 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.

• Manages a commercial loan and commercial mortgage loan portfolio consisting of the most complex criticized credits from various bank affiliates by interacting with attorney’s, creditors, internal credit and policy officials, lenders and other third parties at the highest levels.
• Develops effective workout plans for commercial loans with established legal bounds in order to shield the organization from potential lender liability.
• Recommends appropriate workout plans on most 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 any financial and or documentation issues.
• Evaluates, manages and markets the bank owned property including Other Real Estate Owned, in order to maximize financial return to the bank.
• Consults on deteriorating complex credits, at the recommendation of senior management, loan committee or loan review committee and recommends the appropriate course of action to the officer 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 losses.
• Assists the Loan Workout Manager in the monitoring of accounts being handled by Loan Workout Officers II and I as well as management trainees.
• Ability to effectively negotiate with attorneys, debtor companies, and other creditors and lending employees to secure appropriate workout arrangements.
• Recommends accounting changes for nonaccrual and charged off loans.

Education

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

Experience

5 or more years Bank loan workout experience. (Required)

This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.

Fulton Bank (“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.