Broadgate are excited to be partnering with an International Bank who are looking for a number of Loan Workout Specialists from AVP - Director level.

Job Title: Vice President, Loan Workout Specialist
Location: New York, NY

Position Overview:
The Vice President, Loan Workout Specialist, will be responsible for managing and resolving distressed loan portfolios, including non-performing loans and high-risk assets across various sectors. The successful candidate will leverage strong analytical, negotiation, and restructuring skills to maximize recoveries and minimize losses while maintaining strong relationships with clients, stakeholders, and internal teams.

Key Responsibilities:

• Loan Workout Strategy & Execution: Lead and manage the restructuring, resolution, and workout of distressed loans and non-performing assets, including forbearance agreements, loan modifications, and other remedial actions.
• Risk Management: Identify, assess, and mitigate risks associated with loan portfolios, providing proactive solutions to limit potential losses.
• Stakeholder Management: Act as the primary point of contact for internal teams (e.g., risk, legal, credit, finance) and external stakeholders (e.g., borrowers, advisors, legal counsel) to ensure smooth execution of workouts and resolutions.
• Negotiation & Restructuring: Negotiate terms with borrowers, investors, and legal parties to reach agreements that balance the interests of both the bank and the client.
• Portfolio Management: Monitor and manage a diverse portfolio of distressed loans across multiple sectors, ensuring timely and effective resolutions that minimize credit risk exposure.

Qualifications:

• Experience: 7+ years of experience in loan workouts, restructuring, credit risk, or a related field, with a strong focus on distressed loan portfolios.
• Education: A Bachelor's degree in Finance, Economics, Accounting, or a related field; an MBA or CFA is a plus.
• Industry Knowledge: Strong understanding of credit risk, loan documentation, workout strategies, bankruptcy law, and loan restructuring processes.