Job Details
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Posted 4 days ago
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Job Id: a1Wcv0000006p1REAQ
SBA Credit Workout Officer
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Columbus, Ohio
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Direct Hire
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10
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-$65/hr
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-$125,000
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Job Description
Credit Workout Officer III – SBA Focus
Locations: Columbus, OH | Warren, PA | Mount Joy, PA | Buffalo, NY | Erie, PA | East PA Region
Hybrid: Onsite Mon–Thurs, optional remote Friday
Full-Time
Join our client’s Special Assets Group as a Credit Workout Officer III, specializing in Small Business Administration (SBA) 7(a) and 504 loans. As the bank builds out its dedicated Small Business Workout team, you will serve as a subject-matter expert, working closely with the SBA department, counsel, and lending teams to improve guarantee recovery, enforce repayment, and strengthen workout operations. This hybrid role involves managing, restructuring, and resolving SBA loan workouts while ensuring full compliance with SBA Standard Operating Procedures (SOP). You will prepare loan recaps, risk ratings, and workout plans, oversee SBA guarantee purchase packages, and coordinate with legal, lending, and appraisal teams on collateral and charge-offs. The ideal candidate brings at least five years of experience in commercial lending, special assets, or credit workout, strong analytical and documentation skills, and the ability to collaborate effectively across departments to enhance SBA workout operations.
MINIMUM QUALIFICATIONS
- 5+ years of experience in commercial lending, special assets, or credit workout
- Working knowledge of SBA Standard Operating Procedures (SOPs) and guarantee purchase processes preferred
- Strong analytical and documentation skills; detail-oriented with proven accuracy
- Proficiency in Microsoft Office and adaptability to loan systems
- Excellent interpersonal and communication skills; collaborative with internal teams
- Bachelor’s degree in Business, Finance, or related field preferred
RESPONSIBILITIES
- Manage workout process for SBA 7(a) and 504 loans, ensuring compliance with SBA SOPs and accurate documentation
- Prepare and review loan recaps, risk ratings, and workout plans; recommend restructure or liquidation strategies
- Oversee SBA guarantee purchase packages and ensure timely submission to maximize recovery
- Coordinate with legal, loan officers, and appraisers regarding demand letters, collateral, and charge-offs
- Support ongoing collection activity, foreclosures, and bankruptcy reviews as needed
- Participate in Special Assets Group (SAG) Watch Calls and prepare summary reports for management
- Partner cross-functionally to enhance workflows and efficiency within the SBA workout function
Disclaimer:
Brooksource, Medasource, and Calculated Hire are part of the Eight Eleven Group family of companies and operate under Eight Eleven Group, LLC. All employees receive the same benefits, policies, and terms of employment.
EEO:
We are committed to creating an inclusive environment for all employees and applicants. We do not discriminate on the basis of race, color, religion, creed, sex, sexual orientation, gender identity or expression, national origin, ancestry, age, disability, genetic information, marital status, military or veteran status, citizenship, pregnancy (including childbirth, lactation, and related conditions), or any other protected status in accordance with applicable federal, state, and local laws.
Benefits & Perks:
Calculated Hire offers competitive medical, dental, vision, Health Savings Account, Dependent Care FSA, and supplemental coverage with plans that can fit each employee’s needs. We offer a 401k plan that includes a company match and is fully vested after you become eligible, paid time off, sick time, and paid company holidays. We also offer an Employee Assistance Program (EAP) that provides services like virtual counseling, financial services, legal services, life coaching, etc.
Pay Disclaimer:
The pay range for this job level is a general guideline only and not a guarantee of compensation or salary. Additional factors considered in extending an offer include (but are not limited to) responsibilities of the job, education, experience, knowledge, skills, and abilities, as well as internal equity, alignment with market data, applicable bargaining agreement (if any), or other law.
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