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Title: Workout Officer - Sacramento
Code: 1498141801
Type: Workout Officer
Status: Full Time
Location: Sacramento - Sacramento

The ideal candidate will be detailed oriented, possess good writing and financial analytical skills, have a strong knowledge of accounting, be an experienced negotiator and have had 3 plus years of  commercial workout or commercial lending experience.



Responsible for the relationship management, collection and restructuring of problem loans.  Manages portfolio of assigned accounts of varying size and complexity with the oversight of a more experienced workout officer or the department manager. Approves transactions within delegated authority. Manages sale or liquidation of the assets securing these loans when necessary.




  • Analyzes all risks (financial, collateral, structural and legal) of the bank’s higher risk loans.  Structures a workout solution that maximizes collection from these troubled borrowers in the most expeditious manner possible.
  • Exercises sound credit and risk judgment in approving transactions/modifications.  Recommends approval when the transaction/modification size exceeds authority limits.
  • Monitors and analyzes the borrower’s workout plan and account activities. 
  • Interacts with internal and external legal counsel when needed to develop collection strategies, review existing documentation, resolve documentation issues and prepare new documentation if needed.
  • Brings in outside consultants/specialists as needed.
  • Evaluates collateral and financial information to determine borrower’s ability to repay.  Develops repayment action plans accordingly.
  • Conducts negotiations with borrowers and makes necessary judgments based on conditions presented to protect the Bank’s interest and achieve maximum recovery.
  • May represent the bank in court on litigations and bankruptcy cases.
  • Handles all activities necessary to foreclose on real property held as collateral.
  • Analyzes and determines impact of bankruptcy filings; ensures protection of Bank’s position as a creditor.
  • Provides advice and counsel to lending units in the handling of troubled loans.
  • Interfaces with other Bank units as necessary to accomplish resolution of the workout/modification.





  • Complies with and maintains a current understanding of Reg B, Fair Credit Reporting, Bank Secrecy Act (BSA), Office of Foreign Asset Control (OFAC), and Suspicious Activity Reporting.
  • Maintains a current understanding of Freddie Mac/Fannie Mae default guidelines and timelines.
  • Accurately reports and adjusts risk ratings (grades), non-accrual or accrual status and inclusion or removal of loans from the bank’s troubled debt modification list on a timely basis.
  • Controls legal and other expenses associated with assets under management.
  •  Maintains a current understanding of Bank procedures and policies.
  • Performs additional duties as assigned.


TriCo Bancshares and Tri Counties Bank are headquartered in Chico, California. From a single bank on a tree-lined street in Chico 38 years ago, Tri Counties Bank has grown to 61 branches serving communities from Bakersfield to the Oregon border, from the Sierra Nevada to the wild north coast, with assets over $2.5 billion.


Tri Counties Bank offers financial services and provides a diversified line of products and services to consumers and businesses, which include demand, savings and time deposits, consumer finance, online banking, mortgage lending, and commercial banking throughout its market area. It operates a network of 67 ATMs and provides a 24-hour, seven days automated Customer Service Department. Brokerage services are provided at the Bank’s office by the Bank’s association with Raymond James Financial, Inc.


How has Tri Counties remained strong and profitable? A top-down commitment to responsible lending and sound business practices. Plus a dedication to service, convenience, and technology, including online and mobile banking, supermarket branches open seven days a week, and a 24-hour automated Customer Service Department.


But we know that our success is really based on our presence in the towns and cities we serve. We’ve always treated customers the way we want to be treated. Which makes sense, because we live here too. You may recognize us at baseball games and local eateries, skiing in the mountains, boating on the lakes, and fishing the local streams. The personal touch comes naturally to us.


Tri Counties Bank is an equal opportunity employer of women, minorities, protected veterans, and individuals with disabilities.




  • High school diploma or GED required.
  • Undergraduate degree and/or equivalent banking experience.
  • One to three years of workout experience or lending experience.
  • Basic knowledge of secured and unsecured lending practices, documentation and legal requirements .
  • Familiarity with bankruptcy issues in general (Chapter 7, 11, 12, & 13)
  • Excellent analytical and research skills.
  • Strong negotiation skills.
  • Proficient in MS Word, MS Excel, Outlook and Internet.
  • Excellent verbal and written communication skills.
  • Self starter, good time management skills.  
  • Knowledge of Bank products and service knowledge

Medical, dental and vision, Prescription Drug, Group Term Life/AD&D, Dependent Life and Supplemental Life Plans, Flex 125 Plans, Long Term Disability, Employee Assistance Plan, 401k Retirement Plan, Employee Stock Ownership Plan, Time Off Plans