Commercial Loan Workout/CRU Officer - Asset ...

BackCommercial Loan Workout/CRU Officer - Asset Disposition Manager#51-8076Multiple LocationsApplyApply for this job now ApplyLocationThis position is 100% remote within the Bank's footprint. Employee will work full time remote outside of a WesBanco location (may occasionally attend in person meetings, although primary functions of the role are performed remotely).MarketWheelingWork Hours per Week37.5RequirementsCollege degree strongly preferred.Minimum of 3 years' experience in commercial Banking or Loan Review required.Previous knowledge and experience in the maintenance and sale of real estate is required.Knowledge of vehicle and equipment evaluation is preferred.Construction project management is preferred.Job DescriptionSUMMARY:This position is responsible for administration of a portfolio of troubled and/or distressed Commercial and commercial real estate credits. The primary duties of this position include developing and implementing credit administration strategies that minimize the Bank's potential loss on each assigned credit. This position requires a thorough knowledge of commercial credit underwriting and commercial collection practices, and the ability to effectively negotiate appropriate exit or remediation strategies with borrowers. This position works closely with Bank management, lending staff and legal counsel to protect the Bank's interests and ensure compliance with all applicable laws and regulations.ESSENTIAL DUTIES AND RESPONSIBILITIES:To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.Review loan files upon assignment to understand the transaction and circumstances.Takes appropriate action to enforce the Bank's right or position with respect to the loan and collateral.Discuss issues with supervisor, other management personnel, and/or legal counsel to develop strategies and solutions.Appropriately document loan files with respect to action taken and pertaining to each assigned account.Works with third parties when appropriate to dispose of teracts with and directs the activities of commercial banking officers on accounts that are being handled on a shared responsibility basis.Review, analyze and interpret financial statements, perform cash flow and personal financial statement analysis in order to assess the financial strength of a borrower.Respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community.Maintain a comprehensive knowledge of applicable state and federal regulations relating to collections and/or workouts and ensure that the Bank's policies and procedures are compliant with the same.Develop and implement credit administration strategies that minimize the Bank's potential loss.Work with department management, Executive Management, Credit Officers and legal counsel to ensure assigned accounts are managed in accordance with Bank's Credit Policy and applicable laws and regulations.Make, review, and approve foreclosure sale bid recommendations.Review and evaluate real estate and equipment liquidation scenarios for CRU officers.Review foreclosure bidding instructions for CRU officers and provide input on the same.Review and evaluate collateral for commercial lenders as needed.Act as the liaison between the department and vendors for real estate, equipment, vehicle sales as needed.OTHER REQUIREMENTS:Banking is a highly regulated industry and you w

Created: 2025-11-01