Loan Workout and Liquidation Officer (Remote)

Byline Bank. • Schaumburg, IL

10d • $90,000 - $120,000 • Hybrid

About The Position

The Loan Workout and Liquidation Officer is responsible for managing a portfolio of Small Business Administration (SBA) and commercial criticized and classified loan relationships, and for implementing timely workout strategies to minimize loss for the Bank.

Requirements

• Bachelor’s degree in Economics, Business, or related field, preferred.
• 4+ years of related financial services industry experience including origination and workout experience with loans ranging from $100,000 to $5 million.
• Ability to identify, understand and define problems, evaluate alternatives, set priorities, and implement high quality solutions that support the overall goals of the Bank.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Proactively identifies opportunities, anticipates challenges, and takes ownership of actions to drive results without requiring direction.
• Have strong organizational, project management, time management, and planning skills with the ability to directly manage multiple projects 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 legal/collection skills.
• Proficiency in MS Office Suite, nCino, IBS Insight, and loan servicing software.
• Must have ability to travel to client sites and office.

Nice To Haves

• In-depth knowledge of SBA lending policies and procedures, preferred.

Responsibilities

• Interacts with the Small Business Administration to ensure compliance and protection of guaranteed loans.
• Manages and resolves a portfolio of distressed loans, ensuring effective strategies to mitigate risk and protect the Bank’s interest.
• Designs and implements customized approaches for each loan relationship to maximize recoveries and minimize losses.
• Responds timely, creatively, and effectively to changing and challenging dynamics as situations unfold, including bankruptcies, litigation, and uncovering new information that may reshape original strategies.
• Effectively communicates with customers, employees at all organizational levels, and external third parties, including delivering complex or sensitive messages.
• Evaluates the collectability of indebtedness by analyzing collateral -including real estate, business assets, and guarantees - through site inspections and comprehensive reviews of appraisals, evaluations, Broker’s Preferred Opinions (BPOs), field examinations, tax returns, operating statements, personal financial statements, credit reports, and asset searches.
• Identifies and recommends appropriate outside counsel at the optimal time for workout situations and effectively oversees counsel’s efforts to protect the Bank’s interests.
• For real estate loans, ensures appropriate property-level due diligence by evaluating market conditions, physical and environmental factors, as well as identifying liens and building code violations.
• Demonstrates a thorough understanding of the Bank’s loan rating system and promptly recommends appropriate risk rating adjustments, including upgrades and downgrades, as needed.
• Collaborates as part of a team 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 clear and concise credit approval requests to various levels of the organization including Senior Management and the Executive Credit Committee of the Board of Directors.
• Maintains well documented credit files.
• All other duties as assigned.

Benefits

• Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals.
• We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.
• In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more!
• Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 501-1,000 employees