Senior Loan Workout Specialist – VP (New York, NY)

Senior Loan Workout Specialist – Vice President (New York, NY)

Are you an experienced finance professional skilled in loan workout strategies and credit risk management? If you are ready to take on complex distressed credit portfolios and drive successful restructuring outcomes, this could be the perfect opportunity for you in New York, NY.

We are partnering with a leading financial institution to find a Senior Loan Workout Specialist. In this key role, you will oversee and manage a portfolio of distressed loans, using your expertise to negotiate solutions that maximize recoveries and minimize losses. You will play a critical part in a dynamic team, working on complex deals across various industries.

What You’ll Be Doing:

• Lead the resolution and management of a portfolio of distressed corporate loans, including complex syndicated credits and project finance deals.
• Conduct thorough financial statement analysis, including KPI assessments, cash flow modeling, and corporate valuations to inform workout and restructuring strategies.
• Spearhead negotiations with borrowers, legal teams, creditors, and external stakeholders to achieve optimal loan recovery outcomes.
• Develop and execute strategic plans to address underperforming loans, considering various approaches such as loan sales, asset liquidations, or refinancing options.
• Represent the organization in high-level negotiations and steering committee discussions to ensure the company’s interests are effectively represented.
• Regularly update senior management on portfolio performance, borrower ratings, and regulatory impacts, while providing strategic recommendations for decision-making.
• Mentor and develop junior team members, offering guidance and support to ensure their success and growth within the organization.

What We’re Looking For:

• Bachelor’s degree in Business Administration, Finance, Accounting, or related field (MBA preferred).
• A minimum of 7 years of experience in wholesale banking, loan workouts, credit risk management, or turnaround consulting.
• Expertise in financial statement analysis, loan structuring, and distressed credit management.
• Proven experience in managing complex, distressed loan portfolios and negotiating successful restructurings.
• Strong negotiation and communication skills, with the ability to work effectively with both internal and external stakeholders.
• Advanced analytical skills and proficiency in financial analysis tools like Bloomberg, Moody’s, Excel, etc.
• The ability to manage multiple priorities in a fast-paced environment and work independently to resolve challenging credit situations.

Why You Should Apply:

• Competitive base salary range of $140K - $200K, depending on experience.
• Discretionary performance-based bonuses and a comprehensive benefits package.
• A supportive, growth-focused work environment that encourages professional development.

This is an excellent opportunity to join a prestigious financial institution and play an integral role in managing and restructuring distressed corporate credits. If you are ready to tackle complex financial challenges and make a significant impact, apply now!