Part Time Commercial Loan Workout Specialist
Desert Financial Credit Union, Phoenix, Arizona, United States, 85003
Overview
The Commercial Loan Workout Specialist is responsible for the active management, resolution, and risk mitigation of underperforming and distressed commercial loans within Desert Financial Credit Union’s commercial portfolio. This role focuses on early identification of credit deterioration, development and execution of workout strategies, borrower negotiations, and collaboration with internal and external stakeholders to maximize recovery while minimizing loss exposure and reputational risk. The position requires strong credit judgment, financial analysis expertise, and the ability to balance member-centric solutions with prudent risk management and regulatory expectations. What you will do here
Portfolio Management & Credit Risk: Manage a portfolio of criticized and classified commercial loans, including Special Mention, Substandard, Doubtful, and non-accrual credits. Perform ongoing financial analysis, cash-flow assessments, collateral evaluations, guarantor reviews, and risk rating recommendations. Identify early warning signs of credit deterioration and proactively recommend risk mitigation strategies. Prepare comprehensive workout plans, including restructures, forbearance agreements, extensions, modifications, and exit strategies. Workout Strategy & Execution: Lead borrower engagement and negotiations related to loan modifications, restructures, payment plans, collateral enhancements, or orderly liquidation strategies. Evaluate feasibility of workouts versus enforcement actions, including foreclosure, deed-in-lieu, receivership, or note sale. Coordinate with legal counsel on enforcement actions, documentation, and compliance with applicable laws and regulations. Oversee the transition of assets to OREO or third-party disposition strategies when necessary. Cross-Functional Collaboration: Partner closely with Commercial Lending and Commercial Finance Management teams to ensure aligned decision-making. Present recommendations to internal CAMS committees, executive management, and other governance bodies as required. Support regulatory exams, internal audits, and model validations related to commercial credit risk and workout activities. Reporting & Governance: Maintain accurate, timely documentation of all workout activity, borrower communications, and credit decisions. Prepare clear and concise written narratives, risk memos, and status reports for leadership and oversight committees. Ensure compliance with credit policy, regulatory guidance, and accounting requirements, including CECL considerations where applicable. What you will need
High School Diploma or GED required. Bachelor\'s degree in Finance, Accounting, Business Administration, Real Estate, or a related field preferred. 3+ years of experience in commercial lending, credit risk management, special assets, or loan workouts required. Real estate workout experience across multiple asset classes (office, retail, industrial, multifamily, mixed-use) preferred. Experience within a credit union or regulated financial institution preferred. Demonstrated experience managing distressed commercial credits and negotiating complex workout arrangements required. Strong understanding of commercial loan structures, collateral types, guarantor support, and legal remedies required. Excellent analytical, negotiation, and written communication skills required. Sound credit judgment and risk-based decision-making required. Strategic thinking and problem solving required. Attention to detail and documentation discipline required. Collaboration and executive-level communication required. Ethical conduct and member-focused mindset required. Knowledge of CECL, regulatory classifications, and supervisory expectations for criticized assets preferred. We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing. For additional information about our organization, careers, and benefits visit: http://www.desertfinancial.com/careers.
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The Commercial Loan Workout Specialist is responsible for the active management, resolution, and risk mitigation of underperforming and distressed commercial loans within Desert Financial Credit Union’s commercial portfolio. This role focuses on early identification of credit deterioration, development and execution of workout strategies, borrower negotiations, and collaboration with internal and external stakeholders to maximize recovery while minimizing loss exposure and reputational risk. The position requires strong credit judgment, financial analysis expertise, and the ability to balance member-centric solutions with prudent risk management and regulatory expectations. What you will do here
Portfolio Management & Credit Risk: Manage a portfolio of criticized and classified commercial loans, including Special Mention, Substandard, Doubtful, and non-accrual credits. Perform ongoing financial analysis, cash-flow assessments, collateral evaluations, guarantor reviews, and risk rating recommendations. Identify early warning signs of credit deterioration and proactively recommend risk mitigation strategies. Prepare comprehensive workout plans, including restructures, forbearance agreements, extensions, modifications, and exit strategies. Workout Strategy & Execution: Lead borrower engagement and negotiations related to loan modifications, restructures, payment plans, collateral enhancements, or orderly liquidation strategies. Evaluate feasibility of workouts versus enforcement actions, including foreclosure, deed-in-lieu, receivership, or note sale. Coordinate with legal counsel on enforcement actions, documentation, and compliance with applicable laws and regulations. Oversee the transition of assets to OREO or third-party disposition strategies when necessary. Cross-Functional Collaboration: Partner closely with Commercial Lending and Commercial Finance Management teams to ensure aligned decision-making. Present recommendations to internal CAMS committees, executive management, and other governance bodies as required. Support regulatory exams, internal audits, and model validations related to commercial credit risk and workout activities. Reporting & Governance: Maintain accurate, timely documentation of all workout activity, borrower communications, and credit decisions. Prepare clear and concise written narratives, risk memos, and status reports for leadership and oversight committees. Ensure compliance with credit policy, regulatory guidance, and accounting requirements, including CECL considerations where applicable. What you will need
High School Diploma or GED required. Bachelor\'s degree in Finance, Accounting, Business Administration, Real Estate, or a related field preferred. 3+ years of experience in commercial lending, credit risk management, special assets, or loan workouts required. Real estate workout experience across multiple asset classes (office, retail, industrial, multifamily, mixed-use) preferred. Experience within a credit union or regulated financial institution preferred. Demonstrated experience managing distressed commercial credits and negotiating complex workout arrangements required. Strong understanding of commercial loan structures, collateral types, guarantor support, and legal remedies required. Excellent analytical, negotiation, and written communication skills required. Sound credit judgment and risk-based decision-making required. Strategic thinking and problem solving required. Attention to detail and documentation discipline required. Collaboration and executive-level communication required. Ethical conduct and member-focused mindset required. Knowledge of CECL, regulatory classifications, and supervisory expectations for criticized assets preferred. We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing. For additional information about our organization, careers, and benefits visit: http://www.desertfinancial.com/careers.
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