Commercial Loan Special Assets Officer

CFG Bank, based in Baltimore, Maryland, is a leading financial institution serving the national healthcare and multifamily markets and the Mid-Atlantic region. As the 6th largest bank in Baltimore by deposits and the largest locally based, we've grown from $1 billion to over $5 billion in assets by 2023. With over 30 years of expertise, we rank among the top five healthcare bridge-to-HUD lenders in the country. At CFG Bank, we redefine banking by blending big bank capabilities with personalized boutique service. Recognized as "Best Place to Work" by the Baltimore Business Journal for 2022, 2023, and 2024, our primary goal is making each team member feel choosing CFG Bank was their best career decision. Join us for professional growth and a positive work environment that sets CFG Bank apart.

Position Summary

We are seeking an experienced and skilled Commercial Loan Special Assets Officer to manage and optimize a special assets loan portfolio. The primary objective of this role is to minimize losses and maximize recoveries through the proactive management, restructuring, and resolution of complex credit relationships. This includes working with distressed loans, overseeing asset liquidations, facilitating loan sales, and identifying potential financing solutions. The position requires collaboration across departments, including portfolio management, senior leadership, and loan origination teams, to develop effective recovery strategies.

Essential Duties And Responsibilities

• Analyze the financial statements of borrowers and guarantors, including KPIs and cash flow reporting, to develop advanced financial models that assess financial performance, covenant adherence, debt service capacity, and restructuring potential.
• Perform in-depth analysis to determine the root causes of financial distress and recommend restructuring scenarios, including enterprise valuation assessments.
• Prepare detailed reports and forecasts regarding borrower performance, rating changes, and charge-off recommendations for senior management and Credit Risk Administration.
• Develop, document, and implement tailored workout strategies for distressed loans, collaborating with legal, compliance, and portfolio management teams to ensure optimized loan recoveries and regulatory compliance.
• Create and present high-quality written reports and quarterly updates to senior management and credit committees, outlining progress, remediation strategies, and risk assessments.
• Review loan documentation, ensuring all terms and conditions are met, and identify any potential areas of risk that may impact loan recovery efforts.
• Adhere to all corporate policies and regulatory standards, ensuring compliance with risk management guidelines, and escalate any issues to senior leadership as required.
• Ensure cost-effective management of legal and professional expenses and mitigate lender liability risks through diligent management of distressed assets.
• Participate in special projects, including forecasting and ad-hoc reporting, as assigned.
  
  

Qualifications And Requirements

• Bachelor's degree in accounting, finance, economics, or a related field
• Minimum of 5-7 years of experience in commercial banking credit, credit risk management, special assets
• Expertise with financial statement analysis, credit underwriting, and loan documentation, with a proven track record in managing distressed loan workouts.
• Sophisticated quantitative and analytical skills, with advanced proficiency in Microsoft Excel, including financial modeling and scenario analysis.
• Strong organizational, verbal, and written communication skills, with the ability to present complex financial concepts clearly and concisely.
• Ability to work independently, think strategically, and drive proactive solutions for complex distressed credit situations.
• Experience in commercial real estate and multifamily lending is a plus.
  
  

Desired Competencies

• Advanced understanding of credit risk and regulatory compliance.
• Proven ability to collaborate across departments and work in a fast-paced, commercial banking environment.
• Strong customer service orientation, with experience managing both internal and external relationships effectively.
  
  

WORK ENVIRONMENT: We offer a hybrid schedule, with 3 days inoffice and 2 days remote after the initial 90-day period.

Compensation Disclosure

In accordance with Maryland's Equal Pay for Equal Work Act, we are committed to providing transparent wage information for all posted job opportunities. The wage range for this position is $90,000-$110,000. Compensation is determined based on factors such as Experience, Qualifications, and Internal equity.

Benefits And Additional Compensation

Additionally, this position includes a comprehensive benefits package and other forms of compensation, including:

• Employer-provided health benefits: medical insurance, dental & vision insurance, disability insurance, life insurance, mental health support services, wellness program & free health club membership (for Baltimore-based employees)
• Paid time off: vacation days, sick leave, volunteer days
• Retirement plan: 401(k) with employer match
• Other compensation elements: Discretionary annual bonus and overtime pay for non-exempt positions
  
  

EOE STATEMENT: CFG Bank is an Equal Opportunity Employer. We provide equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, veteran status, or any other legally protected characteristic. We are committed to ensuring a diverse and inclusive workplace, and all employment decisions are based on merit, qualifications, and business needs. If you require accommodations during the application process, please contact Human Resources.