Loan Workout and Liquidation Officer (Remote)

Byline Bank.• IN, US, IN

3d•$90,000 - $120,000•Hybrid

About The Position

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024. Byline Bank is a member of FDIC and an Equal Housing Lender. At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include: U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in 2024-2025, 2025-2026. Chicago Sun Times Chicago’s Best Workplaces 2024 Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management) Forbes America’s Best Small Employers 2023 By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

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.
In-depth knowledge of SBA lending policies and procedures, preferred.
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.
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.
Strong communication skills both verbally and in writing.
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.

Responsibilities

Managing a portfolio of Small Business Administration (SBA) and commercial criticized and classified loan relationships.
Implementing timely workout strategies to minimize loss for the Bank.
Interacting with the Small Business Administration to ensure compliance and protection of guaranteed loans.
Managing and resolving a portfolio of distressed loans, ensuring effective strategies to mitigate risk and protect the Bank’s interest.
Designing and implementing customized approaches for each loan relationship to maximize recoveries and minimize losses.
Responding 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 communicating with customers, employees at all organizational levels, and external third parties, including delivering complex or sensitive messages.
Evaluating 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.
Identifying and recommending appropriate outside counsel at the optimal time for workout situations and effectively overseeing counsel’s efforts to protect the Bank’s interests.
For real estate loans, ensuring appropriate property-level due diligence by evaluating market conditions, physical and environmental factors, as well as identifying liens and building code violations.
Demonstrating a thorough understanding of the Bank’s loan rating system and promptly recommending appropriate risk rating adjustments, including upgrades and downgrades, as needed.
Collaborating as part of a team with line officers on Special Asset Group (SAG) “consults” and with others in the SAG & Portfolio Management Department.
Conducting quarterly Watch List Reviews and presentations to Senior Management.
Presenting 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.
Maintaining well documented credit files.
Performing other duties as assigned.