What are the responsibilities and job description for the VP - Senior Corporate Loan Workout Specialist position at Phaxis?
The Senior Corporate Loan Workout Specialist will be responsible for managing and restructuring distressed corporate loans to mitigate risk and maximize recovery for financial institutions. They work with borrowers facing financial difficulties to negotiate repayment plans, restructurings, and, when necessary, legal enforcement actions.
Key Responsibilities:
- Loan Restructuring & Workouts: Assess troubled loans and develop restructuring strategies to improve repayment prospects.
- Risk Management: Identify, analyze, and mitigate credit and operational risks associated with distressed corporate loans.
- Negotiations: Work closely with borrowers, legal teams, and other stakeholders to negotiate loan modifications, extensions, or settlements.
- Financial Analysis: Evaluate borrowers' financial health, cash flows, and business viability to determine appropriate workout strategies.
- Portfolio Management: Monitor and manage a portfolio of distressed corporate loans, providing regular reporting to senior management.
Skills & Qualifications:
- Experience: 7 years in corporate credit, loan workouts, distressed asset management, or restructuring.
Salary : $150,000 - $185,000
