SAG Workout Officer III-Remote

Fifth Third; Northern (KY); Hybrid; USD 97,000 - 208,000; Full time

Job summary

Fifth Third Bank is seeking a Workout Officer III for a remote role. You will assist in liquidation, exit strategies, and risk management for large credits, collaborating with Portfolio Managers to maximize bank returns.

The role requires 8–10 years in workout banking, a deep understanding of credit policies, and strong negotiation and analytical abilities. Travel is required as part of the position.

Qualifications

• Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required.
• Typically requires 8–10 years workout or related banking experience.
• Deep understanding of credit policies, procedures and decisioning tools.
• Strong oral, written communication, and negotiation skills.
• Analytical and problem solving skills.
• PC proficiency with Windows based word processing and spreadsheet applications.

Responsibilities

• Collection of past due accounts.
• Formulate and execute exit strategies on large and complex administrative loans.
• Negotiate best course of action on large and complex Administrative Loans.
• Collaborate with Portfolio Managers to track financial covenants and approvals.
• Assist Wholesale Line of Business on potential trouble credits.
• Identify potential loss on administrative credits.
• Prepare required reporting and maintain credit/collateral files.
• Escalate complex transactions to legal counsel when required.
• Mentor junior workout officers.
• Present collection updates at Admin Loan Meetings.

Skills

Credit policies

Negotiation skills

Analytical skills

Problem solving

Communication (oral/written)

Education

Bachelor's Degree in accounting, finance or economics

Job description

## SAG Workout Officer III-RemoteApply: Virtual: Full time: Posted Today: End Date: November 13, 2026 (30 days left to apply): R73845**Make banking a Fifth Third better** We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.GENERAL FUNCTION:Assist and direct in the orderly liquidation/exit and rehabilitation of large and complex credits with a high dollar impact to the organization. To collaborate with the Portfolio Manager to maintain portfolio by monitoring credits to formulate and drive strategic plans to maximize the returns to the Bank. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. ESSENTIAL DUTIES AND RESPONSIBILITIES:* Collection of past due accounts* Formulate and execute exit strategies on large and complex administrative loans* Recommend/Negotiate best course of action on large and complex Administrative Loans* Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals* Work closely/assist the Wholesale Line of Business on potential trouble credits* Identification of potential loss on administrative credits* Complete required reporting; such as ALSR's on administrative credits* Maintain adequate credit/collateral files* Identify when legal counsel is required given transaction complexity* Serve as coach and mentor to junior workout officers* Attend Admin Loan Meetings to present collection update and strategy* Other duties as assigned MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:* Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required.* Typically requires 8 - 10 years workout or related banking experience.* Deep understanding of credit policies, procedures and decisioning tools.* Knowledge of bankruptcy law and related legal proceedings.* Requires strong oral, written communication, and negotiation skills.* Ability to access, analyze and recommend the best course of action in difficult credit situations.* Possess analytical and problem solving skills.* PC proficiency with Windows based word processing and spreadsheet applications.#LI-GM1WORKING CONDITIONS:* Normal office environment with little exposure to dust, noise, temperature and the like.* Extended viewing of a CRT screen.* Travel Required. SAG Workout Officer III-RemoteTotal Base Pay Range 96,500.00 - 207,500.00 USD AnnualAt Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. LOCATION -- Virtual, Ohio 00000