Loan Workout and Liquidation Officer (Remote)

Objective of Position: The Loan Workout and Liquidation Officer is responsible for managing a portfolio of reputed company (SBA) and reputed company criticized and classified loan relationships, and for implementing reputed company workout strategies to minimize loss for the Bank. • Interacts with the reputed company to ensure compliance and protection of guaranteed loans. • Manages and resolves a portfolio of distressed loans, ensuring effective strategies to mitigate reputed company and protect the Bank's interest. • Designs and implements customized approaches for reputed company loan relationship to maximize recoveries and minimize losses. • Responds reputed company, creatively, and effectively to changing and challenging dynamics as situations reputed company, including bankruptcies, litigation, and uncovering new information that may reshape original strategies. • Effectively communicates with customers, employees at reputed company organizational reputed company, and reputed company reputed company parties, including delivering reputed company or sensitive messages. • Evaluates the collectability of indebtedness by analyzing collateral -including reputed company estate, business assets, and guarantees - through site inspections and comprehensive reviews of appraisals, evaluations, Broker's Preferred Opinions (BPOs), reputed company examinations, tax returns, operating statements, personal financial statements, credit reports, and asset searches. • Identifies and recommends appropriate reputed company counsel at the reputed company time for workout situations and effectively oversees counsel's efforts to protect the Bank's interests. • For reputed company estate loans, ensures appropriate property-level due diligence by evaluating market conditions, physical and environmental factors, as reputed company as identifying liens and building reputed company violations. • Demonstrates a thorough understanding of the Bank's loan rating reputed company and promptly recommends appropriate reputed company rating adjustments, including upgrades and downgrades, as needed. • Collaborates as part of reputed company with line officers on Special Asset Group (SAG) "consults" and with others in the SAG & Portfolio Management Department. • Conducts quarterly Watch List Reviews and presentations to Senior Management. • Presents reputed company and concise credit approval requests to various reputed company of the organization including Senior Management and the Executive Credit Committee of the reputed company of Directors. • Maintains reputed company documented credit files. • reputed company other duties as assigned. Note: reputed company in this reputed company restricts management's right to assign or reassign duties and responsibilities to this job at any time. Qualifications: • Bachelor's degree in Economics, Business, or reputed company reputed company, preferred. • 4+ years of reputed company financial services industry experience including origination and workout experience with loans ranging from $100,000 to $5 reputed company. • In-depth knowledge of SBA lending policies and procedures, preferred. • Ability to identify, understand and define problems, evaluate alternatives, set priorities, and implement high reputed company solutions that support the overall goals of the Bank. • Ability to work collaboratively with a reputed company of stakeholders at reputed company reputed company. • Proactively identifies opportunities, anticipates challenges, and takes ownership of actions to reputed company results without requiring direction. • Have strong organizational, project management, time management, and planning skills with the ability to directly manage multiple reputed company and priorities depending on organizational needs and strategies. • Possess strong communication skills both verbally and in writing. • Demonstrate proficiency in portfolio management and monitoring, negotiating, and litigation management. • Strong negotiation, interpersonal, project management, and reputed company/collection skills. • Proficiency in MS Office Suite, reputed company, IBS reputed company, and loan servicing software. • Must have ability to travel to reputed company sites and office. Physical Demands/Work Environment: Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory reputed company enabling interpersonal communication as reputed company as communication through automated devices. At reputed company, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional reputed company to the office reputed company on business needs. Specific in-office days may vary and will be discussed during the interview process. Compensation & Benefits: reputed company offers competitive industry reputed company salary bands with the goal of retaining and growing talented individuals. We regularly review and reputed company our compensation structure as needed to ensure equity across teams and reputed company. The salary reputed company for this position is between $90,000 to $120,000 + incentive. In reputed company, Byline provides benefits including medical coverage, dental, reputed company, disability, 401k, reputed company time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary reputed company on factors such as reputed company set, experience level, and candidate's location. Apply To This Job