Commercial Workout Manager

Hudson Valley Credit Union is currently recruiting for a Commercial Workout Manager. The primary function of this role is to manage and optimize HVCU's commercial lending portfolio by developing, recommending, and implementing effective workout strategies for commercial loans and mortgages. This includes monitoring accounts to ensure timely debt repayment or strategic asset liquidation, with the goal of minimizing loss and maximizing recovery. The position involves thorough analysis of loan accounts to determine optimal resolutions while maintaining strict compliance with federal and state regulations as well as HVCU policies. Additional duties include conducting site visits, participating in member meetings, and providing ongoing support to the Director of Member Debt Solutions and the Chief Credit Officer.

• Oversee a portfolio of criticized/classified small business, SBA, participation, and commercial loans, ensuring effective resolution and performance tracking.
• Lead workout strategies for distressed commercial loans, including restructuring, repayment plans, and asset liquidation to mitigate risk and maximize recovery.
• Conduct in-depth financial reviews of borrowers and guarantors, assess repayment capacity, and prepare thorough credit presentations aligned with HVCU standards.
• Perform detailed underwriting and present workout proposals and renewals, including full documentation of borrower financials and collateral.
• Negotiate repayment agreements with borrowers and work closely with legal counsel to ensure compliance with regulatory and internal policies.
• Collaborate with the finance team to evaluate criticized and classified assets rated 6 or worse, supporting impairment analysis and determining specific reserve requirements.
• Collaborate with internal teams and external professionals (e.g., appraisers, brokers, consultants) to support loan recovery and optimize collateral value.
• Prepare monthly watch list reports, lead portfolio review meetings, and provide impairment analyses to support reserve adequacy and risk management.
• Ensure adherence to state and federal regulations and internal guidelines while staying informed on market trends and regulatory developments impacting commercial lending.
• Adhere to all Credit Union policies, procedures, and regulatory agency requirements. Participate in all required and recommended training and development including, but not limited to, Bank Secrecy Act training (BSA) and demonstrate attained knowledge. Participate on Credit Union teams, projects and strategic initiatives when the opportunity arises. Perform additional duties and special projects as assigned.
  
• Embrace and apply HVCU's guiding principles to all activities and responsibilities. This includes the Credit Union's Mission, Vision, Core Values, Employee and Member Value Propositions, Sales and Service Model, and commitment to Lean Six Sigma practices. Support the Credit Union's initiatives by demonstrating teamwork and professionalism.
  
• Responsible for regular and predictable attendance including punctuality.
  

• Bachelor's Degree at least 2 years equivalent experience for each undergraduate year not completed; undergraduate degree cannot substitute for minimum number of years of experience is preferred.

• Minimum 5 years experience with Commercial credit (underwriting, credit risk management, workout) is required.
• Minimum 2 years direct commercial lending experience required.
• SBA loan workout experience preferred.

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Join a team where your growth matters. At Hudson Valley Credit Union, we offer a supportive, community-focused culture, competitive benefits, and opportunities to grow your career while making a meaningful impact. Come be part of a Great Place to Work!

Employee Perks:

• Base & Variable Pay Structures

• Paid Personal, Holiday & Volunteer Time Off

• Professional Development Training through HVCU University & Academy

• Student Loan Repayment & Tuition Reimbursement Programs

• Medical, Dental & Vision Coverage

• 401(k) With Employer Match & Non-Elective Employer Contribution

• Life, Short-term & Long-term Disability Insurances

• Discounted Loan Rates & Fees

Hudson Valley Credit Union is an AA/EEO employer committed to equal opportunity and employee diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, disability, military or veteran status, genetic information, marital or familial status, domestic violence victim status, or any other characteristic protected by law.