Definition

Loan Workout Specialists

With the substantial number of business failures in recent years many loans to business and consumers have gone bad, requiring the services of skilled professionals to identify the causes of each problem loan situation and to find solutions that maximize the chances for recovering the bank’s funds. This is the job of the loan workout specialist, who must have a strong background in accounting. Financial statement analysis, business law, and economies, along with good negotiating skills.

Share it:  Cite

More from this Section

  • Active portfolio strategy
    Active portfolio strategy is a strategy that uses available information and forecasting ...
  • Bank Credit
    Bank Credit includes Term Loans, Cash Credit, Overdrafts, Bills purchased & discounted, ...
  • Transfer pricing
    Transfer pricing— the pricing of goods, services, and technology to a foreign subsidiary ...
  • Accelerated death benefits
    Accelerated death benefits mean a rider or benefit in a life insurance policy that allows ...
  • Aggregate deductible
    Deductible in some property and health insurance contracts in which all covered losses ...