SBA Loan Workout Officer

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 restructuring and working out adversely classified and non-performing SBA and USDA loans while working closely with other Loan Workout Officers and Management as needed. 2. Demonstrates comprehensive knowledge of SBA SOP 50 57 (Servicing and Liquidation) and SOP 50 55 (Lender and Development Company Loan Programs). 3. Ensures SBA compliance and preservation of the SBA guaranty through timely completion of site visits, business valuations, liquidation plans, and guaranty purchase packages. 4. Assists in preparation and submission of SBA guaranty purchase requests and responds promptly and thoroughly to requests, repair notices, or denial inquiries. 5. Coordinates SBA or Office of Inspector General reviews as needed to protect the bank's guaranty position. 6. Applies working knowledge of Chapter 7, 11, and 13 bankruptcy processes, including understanding automatic stay implications and evaluating collateral and lien priority. 7. Develops strategies related to deficiency judgments and demonstrate familiarity with foreclosure processes and UCC sale procedures. 8. Effectively directs, oversees, and collaborates with outside counsel to protect the bank's interests while ensuring preservation of the SBA guaranty (without providing legal advice). 9. Interacts with the management of Credit Adminis To view the full job description please use the link below. https://www.aplitrak.com/?adid=YmJnZW5lcmljLjEyMTczLjEwODY1QGZjYmFua2luZ2NvbXAuYXBsaXRyYWsuY29t