Senior Credit Restructuring & Recovery Expert (Real Estate Finance)

Location: Luxembourg (Siège Lux House), based in Luxembourg City

Company

hirify.global is part of ING, a banking organization focused on customer-centric financial services, technology, and responsible risk management.

What you will do

• Manage restructuring and recovery cases for higher-risk, watchlist, forborne, and non-performing Business Banking real estate clients.
• Assess borrower viability, cash flows, repayment capacity, collateral values, guarantees, documentation, and recovery options.
• Develop and negotiate repayment amendments, covenant resets, collateral enhancements, refinancing options, standstill arrangements, and exit strategies.
• Prepare restructuring recommendations covering risk assessment, expected recovery, provisions, classification, forbearance treatment, and decision conditions.
• Monitor restructuring portfolios, milestones, covenant compliance, impairment indicators, collateral developments, and recovery performance.
• Coordinate with Wholesale Banking, Private Banking, Credit Risk, Legal, Finance, external valuers, and advisers while contributing to portfolio governance and non-performing exposure reduction.

Requirements

• Master’s degree in finance, economics, business administration, law, or a related discipline.
• At least 10 years of relevant experience in credit risk, restructuring, recovery, special asset management, real estate finance, workout management, or distressed credit.
• Strong understanding of lending, collateral valuation, loan documentation, guarantees, repayment structures, covenant frameworks, and enforcement considerations.
• Ability to analyse financial statements, cash flows, borrower viability, collateral coverage, recovery scenarios, and impairment drivers.
• Experience preparing restructuring proposals, recovery strategies, credit recommendations, watchlist papers, or non-performing exposure reviews.
• Excellent written and verbal communication skills in English and/or French; strong negotiation, stakeholder management, judgement, ownership, and resilience.

Culture & Benefits

• High-impact work focused on Business Banking real estate restructuring and recovery.
• Progressive exposure to Wholesale Banking and material Private Banking cases.
• Meaningful ownership of complex credit situations, recovery strategies, and portfolio outcomes.
• Direct collaboration across Risk, Wholesale Banking, Private Banking, Legal, and Finance.
• Opportunity to strengthen restructuring, recovery, and non-performing exposure management within a strong risk culture.