SBA Loan Workout Officer I

First Commonwealth Bank
Any Location, PA
Category Banking
Job Description
Primarily responsible for managing adversely classified and non-performing government-guaranteed loans, including SBA (7(a), working capital program, and 504) and USDA financing. The officer ensures full compliance with SBA Standard Operating Procedures and bank credit policy while minimizing loss severity and protecting capital.

Requirements

  • Restructuring and working out adversely classified and non-performing SBA and USDA loans
  • Ensuring SBA compliance and preservation of the SBA guaranty
  • Developing strategies to compel borrowers to exit the bank
  • Coordinating SBA or Office of Inspector General reviews
  • Developing strategies related to deficiency judgments
  • Evaluating clients’ financial strength and capacity to repay outstanding debt
  • Negotiating with borrowers to restructure credits
  • Monitoring borrower’s progress and milestones
  • Preparing Credit Reports and presentations to Loan Committees
  • Assessing liquidation value of collateral and developing liquidation plans

Benefits

  • Generous Paid Time Off
  • 401k Matching
  • Health, dental, and vision insurance
  • Life insurance
  • Disability insurance
  • Paid time off for holidays and vacation
  • Flexible scheduling
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