SBA Workout Specialist - Full Time

Overview

This is a full-time, 40 hours/week, Regular Exempt position focused on SBA workout and portfolio management. The role is remote eligible, with the option to work from a designated home office or on-site at one of the organization’s branch locations.

Responsibilities

• Manage SBA watch credits within the portfolio, including early warning and classified credits, as well as liquidating problem credits.
• Apply advanced knowledge of SBA SOP lending principles, practices, and procedures.
• Ensure compliance with business lending compliance rules and regulations.
• Analyze and review watch list business relationships to:
  • Identify issues
  • Develop strategies to maximize recovery and reduce losses
  • Ensure effective loan restructuring
• Collaborate with senior leadership to provide reports and updates on portfolio issues.
• Prepare documentation for SBA repurchase requests for loans sold on the secondary market.
• Underwrite credit actions to maximize credit quality and minimize risk.
• Service all types of government-guaranteed loans to ensure compliance with Bank/SBA policies.
• Monitor the SBA portfolio for delinquencies and initiate legal action as necessary.
• Complete SBA file reviews and annual reviews on existing SBA watch credit loans.
• Prepare loan presentations and cash flow analysis for servicing requests on SBA watch credit loans.

Requirements

• Four-year degree from an accredited University in a related field, or a combination of education and experience related to business lending, processing and compliance required.
• 2+ years of SBA workout experience and legal documentation knowledge required.
• Experience with Chapter 7, 11, and 13 bankruptcies required.
• Ability to communicate professionally via multiple forms of media.
• Ability to effectively present information and respond to inquiries in a professional and timely manner.

Preferred Qualifications

• 5+ years of related experience with SBA lending preferred.

Schedule

• Monday through Friday, with hours scheduled between 8:00 am and 5:30 pm CDT.

Compensation & Benefits

• Eligible employees receive over 30 days off per calendar year, including:
  • 18 days of PTO to begin
  • Anniversary Holiday
  • Birthday Holiday
  • Wellness Holiday
  • 12 observed Bank Holidays
• Compensation is competitive and will be discussed.

Location

• Remote Employee Type: FT Regular Exempt
• Individuals may work from a designated home office or on-site at one of the organization’s branch locations.

About the Organization

Founded in 1967 as River Valley Bank with a single location in Rothschild, WI, the organization has grown to a $2.0 billion-asset institution with 17 brick-and-mortar locations and customers in all 50 states.