Washington Trust Bank · 12 hours ago
Loan Workout Recovery Officer III - IV
Spokane, Washington, United States
Full-time
Onsite
Mid, Senior Level
$89K/yr - $134K/yrWashington Trust Bank is a financial institution seeking a Loan Workout Recovery Officer III - IV to manage the exposure of adversely risk rated Commercial loans. The role involves negotiating with clients, developing action plans to minimize bank exposure, and supervising other staff, while maintaining strong professional relationships and ensuring compliance with regulations.
FinanceFinancial Services
Responsibilities
Responsible for managing exposure of a segment of the Bank’s adversely risk rated Commercial loans
Works closely with other lending and borrowing officers to review and restructure credit and repayment terms, address documentation/perfection issues and reduce probability of loss
Develops a network of alternative financing sources and financial consultants to assist when necessary to improve or move a relationship
May supervise other Commercial workout/recovery staff
Under supervision of the Special Assets Manager, works independently to develop and implement action plans to minimize bank exposure on large, more complex, adversely risk rated credits, which may include providing operating funds, as necessary, allowing the client time to improve, find alternative financing, or to facilitate a liquidation plan
Independently negotiate with clients and their attorneys and/or financial advisors, within established guidelines
Advise, recommend and implement the best course of action when a client has elected to file bankruptcy
Work with the bank’s attorney to minimize legal costs and to maximize recovery during the bankruptcy proceedings
Provide support to Relationship Managers in developing action plans and monitoring adversely graded credits, which are not transferred to the workout officer
Assist in the development and training for junior officers in regard to problem loan workouts
Develop strategies to engage in difficult negotiations or presentations
As necessary in order to minimize risk to the Bank, is responsible for banking and financial needs of assigned relationship clients including all products and services offered by the Bank (International Banking, Private Banking, Real Estate, Cash Management, etc)
Works with various product specialists to help ensure an integrated approach
Stays current on new products, methods/techniques, key industry trends, conditions and changes in laws, regulatory policies and accounting practices
Maintains and develops internal and external professional relationships
Controls and minimizes potential risks through proactive relationship management and thorough knowledge of compliance and risk management
Analyzes, creatively structures and prices loans to adhere to corporate credit policies and rate guidelines so that loan quality and profitability standards are met; maintains pricing strategies that are appropriate to applicable risk levels
Perform compliance and risk management duties as required or assigned
Performs other tasks as assigned by management, i.e., completion of various reports, profit planning, etc
Qualification
Required
Requires bachelor's degree and advanced degree in Finance, Accounting, Business or related specialized and professional workout training/education
Work experience in problem loan workouts, including preparing liquidation plans, bankruptcy procedures, and independent negotiations with client, attorneys and financial advisors and demonstrated successful relationship management, staff management and adverse credit workout experience, including proven competence with large, complex relationships
Working knowledge of Bank products and services
Proven analytical skills; ability to review and interpret complex data (determining risk, assessing complexity of accounts, analyzing financial statements, cash flows, etc)
Excellent written and verbal communication skills; ability to analyze, synthesize and articulate complex ideas and communicate such to colleagues, team members, and clients
Excellent interpersonal skills; ability to collaborate with and work effectively with diverse groups of people, managing conflict, negotiating for results and developing working relationships with potential and current clients
Ability to set and achieve challenging goals
Regular, reliable attendance is required
Benefits
Health
Financial
Retirement
Work/Life Benefits
Company
Washington Trust Bank
Washington Trust Bank is an banking, money, advice, financial, wealth, and investment provider.
Founded in 1902
1001-5000 employees
H1B Sponsorship
Washington Trust Bank has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2020 (1)
Funding
Current Stage
Late StageLeadership Team
Jack Heath
Chief Executive Officer
Recent News
2025-11-05
2025-10-07
2025-08-27
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