Description. Responsible for the workout and restructure process for the commercial loan portfolio, including but not limited to, developing or assisting lenders with workout plans, submit recommendations to appropriate loan authority, assign appropriate risk rating, accrual status, and manage the criticized action plans in LoanVantage. Ability to analyze borrowers’ and guarantors’ financial statements. Oversee and provide direction to the Collec...
At First Mid, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e., bonus, incentives, and/or commission). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid tim...
Responsibilities include, but are not limited to. Responsible for identifying and minimizing potential losses and maximizing recoveries on all loan portfolios, through the teams’ analysis of individual credits and related portfolios and industries, collection activities, developing / negotiating / execution of workout action plans, including proposing loan restructures, managing negotiations and legal actions, evaluating bank collateral and docum...
