SBA Loan Workout Officer I

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. Will supplement conventional Loan Workout Officers based on volume and capacity. This role focuses on risk mitigation, borrower restructuring, liquidation strategy, collateral recovery, and preservation of the SBA guaranty. The officer ensures full compliance with SBA Standard Operating Procedures and bank credit policy while minimizing loss severity and protecting capital. Interacts with management of the business line and Credit Administration and assigned borrowers to develop a plan of action to either, 1) protect and improve the Bank’s position in the credit through improved loan structure while the company executes on its plan for a turnaround, and /or 2) effects strategies to compel the borrower to exit the bank. Effectively controls the bank’s collateral position to minimize the Bank’s potential loss on the assigned credit. Secondarily responsible for management of conventional non-performing loans as assigned. Essential Job Responsibilities__________________________________: 1. Responsible for rest...