SBA Loan Workout Officer I

First Commonwealth Financial
Pittsburgh, Indiana
Workplace: OnsiteFull timeFunction: Banking, Lending & CreditExperience: 3+ yearsEducation: associatesSkills: ["Analytical skills","Communication","Interpersonal skills","Mathematical skills"]

Manage adversely classified and non-performing government-guaranteed loans, including SBA 7(a), 504, working capital programs, and USDA financing. Lead risk mitigation through borrower restructuring, liquidation strategy, collateral recovery, and preservation of the SBA guaranty. Ensure compliance with SBA Standard Operating Procedures and bank credit policy, coordinate guaranty purchase and review processes, and collaborate with Loan Workout Officers, management, credit administration, attorneys, and borrowers to improve outcomes and protect capital.

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First Commonwealth Financial
First Commonwealth Financial
5 months ago

SBA Loan Workout Officer I

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Last checked: 19 minutes agoStatus: Live

Job Summary

Manage adversely classified and non-performing government-guaranteed loans, including SBA 7(a), 504, working capital programs, and USDA financing. Lead risk mitigation through borrower restructuring, liquidation strategy, collateral recovery, and preservation of the SBA guaranty. Ensure compliance with SBA Standard Operating Procedures and bank credit policy, coordinate guaranty purchase and review processes, and collaborate with Loan Workout Officers, management, credit administration, attorneys, and borrowers to improve outcomes and protect capital.
Location: Pittsburgh, Indiana
Workplace: Onsite
Employment Type: Full time
Job Function: Banking, Lending & Credit
Seniority: Mid level

Key Responsibilities

  • •Restructure and work out adversely classified and non-performing SBA and USDA loans in coordination with other Loan Workout Officers and management.
  • •Apply comprehensive knowledge of SBA SOP 50 57 and SBA SOP 50 55 to ensure compliance and preserve the SBA guaranty.
  • •Complete site visits, business valuations, liquidation plans, and guaranty purchase packages; prepare and respond to guaranty purchase requests and related inquiries.
  • •Use bankruptcy and collateral/lien priority knowledge (Chapter 7, 11, and 13), including strategies for deficiency judgments, foreclosure processes, and UCC sale procedures.
  • •Collaborate with outside counsel and stakeholders to protect the bank’s interests, monitor borrower progress and milestones, and drive loan documentation, reporting, and closures.

Key Requirements

  • •Associates degree in a related field or equivalent experience.
  • •Minimum of three (3) years SBA-related work experience; knowledge of underwriting and commercial credit, credit analysis, loan documentation, and loan workout/restructuring preferred.
  • •Excellent computer, analytical, and mathematical skills with proficiency in MS Office software.
  • •Excellent communication and interpersonal relations skills.
  • •Valid driver’s license and ability to travel to assigned/necessary locations.
Experience:3+ yearsSBA lending
Education:Associate's
Skills:Analytical skillsCommunicationInterpersonal skillsMathematical skills
Licenses:Driver's license
Tech Stack:MS Office

Company Brief

First Commonwealth Financial
Regional financial services company providing banking, lending, wealth management, and related financial products for individuals and businesses. Operates primarily through First Commonwealth Bank across Pennsylvania and neighboring markets.
Industry: Banking
Company Size: Large (251 to 1,000 employees)
Revenue: USD 100M to 250M
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Indiana, United States
Founded: 1982
WebsiteLinkedIn