Remote Loan Workout Specialist: Special Assets & SBA

Quaint Oak; United States; Remote; USD 70,000 - 80,000; Full time

Benefits offered by this job

College Tuition Rewards

401k Plan

Paid Time Off

Paid Holidays

Short and Long Term Disability Plans

Company Paid Term Life Insurance

Special Employee Pricing on Mortgage

Military Package for Service Members

Job summary

Quaint Oak Bank is seeking an experienced Loan Workout Specialist to manage a portfolio of commercial workouts, special assets, and SBA loans. This role focuses on minimizing credit losses, maximizing recovery, and ensuring timely resolutions while supporting the Manager of Special Assets.

The position collaborates with Credit Administration, Portfolio Management, Lending, Legal, Finance, and senior management to maximize recovery and ensure regulatory compliance.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, or a related field preferred.
• Demonstrated understanding of commercial loan workout and recovery strategies, including bankruptcy proceedings, business liquidations, legal remedies, and collateral disposition.
• Prior experience with regulatory examinations, audits, or reviews involving special assets, troubled debt restructurings, or SBA lending portfolios preferred.
• Strong credit analysis skills with the ability to exercise sound judgment and identify emerging risks.
• Strategic thinker with the ability to effectively execute workout plans and drive timely resolutions.

Responsibilities

• Assist in the management, workout, and resolution of underperforming, criticized, and distressed commercial loan relationships across various asset classes.
• Analyze borrower financial performance, cash flow, guarantor strength, collateral values, and repayment capacity to develop workout strategies.
• Develop and recommend action plans for problem loan resolution, including restructurings, extensions, forbearance, and settlements.
• Present recommendations to the Manager of Special Assets and ensure proper risk ratings and nonaccrual status.
• Coordinate with SBA, legal counsel, loan servicing providers, and third-party servicers on modifications and recoveries.
• Provide workout support for specialty real estate-secured credits, balancing recovery with relationship management.
• Coordinate with third-party vendors for collateral evaluations, site inspections, and post-default due diligence.
• Maintain policies, procedures, and reporting tools related to special assets and problem loan administration.

Skills

Credit analysis

Strategic thinking

Written and verbal communication

Attention to detail

Regulatory compliance

Education

Bachelor's degree in Finance, Accounting, Business Administration, or a related field

Tools

Microsoft Office

Job description

Quaint Oak Bank is seeking an experienced Loan Workout Specialist to manage a portfolio of commercial workouts, special assets, and SBA loans. This role focuses on minimizing credit losses, maximizing recovery, and ensuring timely resolutions while supporting the Manager of Special Assets.

The position collaborates with Credit Administration, Portfolio Management, Lending, Legal, Finance, and senior management to maximize recovery and ensure regulatory compliance.