Senior Workout Officer - Special Assets (Full Time) - DFW

Prosperity Bancshares
United States
Workplace: OnsiteFull timeFunction: Solutions Engineering & Sales EngineeringEducation: bachelorsSkills: ["Written communication","Verbal communication","Independent work","Confidentiality","Negotiation"]

Manage a portfolio of criticized/classified problem loans, including commercial and commercial real estate credits such as hospitality, rental properties, assisted/independent living, church-related loans, and construction loans. Perform credit risk analysis, determine causes of delinquency, and recommend collection and workout strategies to the Special Assets Manager. Prepare collection correspondence, negotiate workout and forbearance terms, coordinate SBA/CDC claims, and support legal processes from foreclosure through litigation and bankruptcy, including reporting and collateral liquidation.

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Prosperity Bancshares
Prosperity Bancshares
15 hours ago

Senior Workout Officer - Special Assets (Full Time) - DFW

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Last checked: 15 hours agoStatus: Live

Job Summary

Manage a portfolio of criticized/classified problem loans, including commercial and commercial real estate credits such as hospitality, rental properties, assisted/independent living, church-related loans, and construction loans. Perform credit risk analysis, determine causes of delinquency, and recommend collection and workout strategies to the Special Assets Manager. Prepare collection correspondence, negotiate workout and forbearance terms, coordinate SBA/CDC claims, and support legal processes from foreclosure through litigation and bankruptcy, including reporting and collateral liquidation.
Location: United States
Workplace: Onsite
Employment Type: Full time
Job Function: Solutions Engineering & Sales Engineering
Seniority: Mid level

Key Responsibilities

  • •Manage a portfolio of criticized/classified problem credits, including large complex commercial or real estate loans.
  • •Perform credit risk analysis and determine causes of payment delinquencies.
  • •Make collection recommendations to the Special Assets Manager regarding collection strategies.
  • •Negotiate workout terms and forbearance agreements; prepare collection letters and make collection calls.
  • •Engage attorneys and manage litigation through judgment; coordinate SBA/CDC guaranty payment claims, recommend non-accruals and charge-offs, and prepare monthly status reports.

Key Requirements

  • •Bachelor's degree in Business Finance or equivalent experience.
  • •Minimum five years of experience handling loss mitigation and default management on large commercial workouts.
  • •Solid knowledge of default management, loan workout, and loan servicing policies and practices.
  • •Full understanding of the legal process (e.g., foreclosure, litigation, bankruptcy).
  • •Demonstrated ability to make appropriate judgments and decisions with limited guidance while working independently.
Experience:Commercial real estateLoss mitigationDefault managementLoan workoutBanking
Education:Bachelor's in Business Finance
Skills:Written communicationVerbal communicationIndependent workConfidentialityNegotiation
Tech Stack:Microsoft OfficeWordExcelPowerPoint

Company Brief

Prosperity Bancshares
Operates Prosperity Bank, a Texas-based regional banking franchise offering commercial and consumer banking services, lending, treasury management, and wealth-related solutions through a network of branches across Texas and Oklahoma.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Houston, United States
Founded: 1983
WebsiteLinkedIn