Special Assets Group Workout Officer

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GENERAL FUNCTION: Works in the Special/Unique group to assist and direct in the orderly liquidation/exit and rehabilitation of the very large and complex credits with a high dollar impact to the organization.  To collaborate with the Portfolio Manager to maintain portfolio by monitoring credits to formulate and drive strategic plans to maximize the returns to the Bank.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.  Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience.  While operating within the Bank#s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Collection of past due accounts
• Formulate and execute exit strategies on the largest and most complex administrative loans
• Recommend/Negotiate best course of action on the largest and most complex Administrative Loans
• Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
• Work closely/assist the Wholesale Line of Business on potential trouble credits
• Identification of potential loss on administrative credits
• Complete required reporting; such as ALSR's on administrative credits
• Maintain adequate credit/collateral files
• Identify when legal counsel is required given transaction complexity
• Serve as coach and mentor to junior workout officers
• Attend Admin Loan Meetings to present collection update and strategy
• Other duties as assigned

SUPERVISORY RESPONSIBILITIES: None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required
• Typically requires 10 years workout or related banking experience
• Deep understanding of credit policies, procedures and decisioning tools
• Knowledge of bankruptcy law and related legal proceedings
• Requires strong oral, written communication, and negotiation skills
• Ability to access, analyze and recommend the best course of action in difficult credit situations
• Possess analytical and problem solving skills
• PC proficiency with Windows based word processing and spreadsheet applications

WORKING CONDITIONS:

• Normal office environment with little exposure to dust, noise, temperature and the like
• Extended viewing of a CRT screen
• Travel Required

• All locations in Fifth Third footprint with preference for: Charlotte, NC, Cincinnati, OH, Detroit, MI, Grand Rapids, MI, Chicago, IL

• #LI-GM1

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.