Job summary
Job post source
This job is directly from Valley Bank
Job overview
The Loan Workout Team Leader at Valley Bank oversees workout officers and manages complex loan workout portfolios to reduce risk and maximize recovery for the bank.
Responsibilities and impact
The role involves supervising workout officers, managing complex loans, restructuring problem loans, guiding legal collection strategies, analyzing financials and collateral, making risk and write-off recommendations, correcting documentation, and regularly updating senior management on loan statuses.
Experience and skills
The position requires experience in loan workouts, portfolio management, legal and financial analysis, and leadership skills to guide officers and outside counsel effectively.
Company overview
Valley Bank is a regional financial institution that provides a range of banking services including personal and business banking, loans, mortgages, and wealth management. They generate revenue primarily through interest on loans, service fees, and investment income. Founded in 1927, Valley Bank has a long history of serving communities in the northeastern United States, and they emphasize customer service and community involvement as core values.
How to land this job
Tailor your resume to emphasize leadership and supervisory experience, particularly in managing workout officers and support staff, as this is central to the Loan Workout Team Leader role at Valley Bank.
Highlight your expertise in analyzing complex loan portfolios, including experience with loans secured by difficult-to-value collateral, real estate with multiple tenants, tax liens, or environmental issues, to align with the job's core responsibilities.
Demonstrate your ability to restructure problem loans through amortization plans, forbearance agreements, and alternative repayment strategies, showcasing your judgment in balancing borrower capacity and legal recovery potential.
Apply through multiple channels such as Valley Bank's corporate career site, LinkedIn, and reputable job boards to maximize your application visibility for this position.
Connect on LinkedIn with current Valley Bank employees in the Special Assets or Workout divisions; use ice breakers like commenting on recent bank initiatives in loan workouts or asking about their approach to managing complex loan recoveries to start conversations.
Optimize your resume for ATS by incorporating keywords from the job description such as 'loan workout,' 'portfolio management,' 'loan restructuring,' 'collateral evaluation,' 'risk reduction,' and 'legal recovery strategies' to improve screening success.
Leverage Jennie Johnson's Power Apply feature to automate tailored resume adjustments, identify the best application platforms, and find LinkedIn contacts to network with, allowing you to focus your time on preparing for interviews and strategy.
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