Workout Liquidation Officer

We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ - EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.

EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another's experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $136,305.00 to $233,666.40. Additional compensation may be possible based on experience and skills.

This position is expected to routinely visit client sites in the DC/Maryland/Northern Virginia area. The Special Assets team currently works in our Rockville, MD office and later this year will move to our new corporate headquarters in Bethesda, MD.

The Workout Liquidation Officer monitors and manages past due loans. The successful candidate will independently negotiate complicated workouts and loan restructures for the most troubled assets; manages liquidation of troubled assets; manages OREO properties and properties classified as "Non-Performing Assets". Additionally, this position will assist the Chief Credit Officer and Special Asset Group Manager with various projects. Responsibilities include preparing and presenting quarterly asset status reports for Senior Management and Board Meetings, assisting State and Federal Bank Examiner, Internal Auditors, and external loan review auditors on a periodic basis. This position may supervise support staff of a portfolio administrator and/or portfolio manager.

Requirements:

Bachelor's Degree in business related major or equivalent experience
• 7 years experience in commercial special assets, workout, and liquidation, preferably in real estate
• Knowledge of legal, real estate law, and bankruptcy concepts
• Prior banking and real estate knowledge
• Credit Analysis skills
• Proficiency with loan documents and other legal documents
• Understanding of loan workout liquidation policies and procedures
• Understands complex technical and business matters relating to commercial loans
• Strong ability to present to senior level groups such as executives and boards
• Proficient in MS Office

Preferences:

• Formal training in RMA, NAGGL, college level training in credit analysis, real estate, loan documentation or SBA

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.