Objective of Position:

The Loan Workout and Liquidation Officer is responsible for managing a portfolio of Small Business Administration (SBA) and commercial criticized and classified loan relationships, and for implementing timely workout strategies to minimize loss for the Bank.

• Interacts with the Small Business Administration to ensure compliance and protection of guaranteed loans.
• Manages and resolves a portfolio of distressed loans, ensuring effective strategies to mitigate risk and protect the Bank's interest.
• Designs and implements customized approaches for each loan relationship to maximize recoveries and minimize losses.
• Responds timely, creatively, and effectively to changing and challenging dynamics as situations unfold, including bankruptcies, litigation, and uncovering new information that may reshape original strategies.
• Effectively communicates with customers, employees at all organizational levels, and external third parties, including delivering complex or sensitive messages.
• Evaluates the collectability of indebtedness by analyzing collateral -including real estate, business assets, and guarantees - through site inspections and comprehensive reviews of appraisals, evaluations, Broker's Preferred Opinions (BPOs), field examinations, tax returns, operating statements, personal financial statements, credit reports, and asset searches.
• Identifies and recommends appropriate outside counsel at the optimal time for workout situations and effectively oversees counsel's efforts to protect the Bank's interests.
• For real estate loans, ensures appropriate property-level due diligence by evaluating market conditions, physical and environmental factors, as well as identifying liens and building code violations.
• Demonstrates a thorough understanding of the Bank's loan rating system and promptly recommends appropriate risk rating adjustments, including upgrades and downgrades, as needed.
• Collaborates as part of a team with line officers on Special Asset Group (SAG) "consults" and with others in the SAG & Portfolio Management Department.
• Conducts quarterly Watch List Reviews and presentations to Senior Management.
• Presents clear and concise credit approval requests to various levels of the organization including Senior Management and the Executive Credit Committee of the Board of Directors.
• Maintains well documented credit files.
• All other duties as assigned.

Note: Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:

• Bachelor's degree in Economics, Business, or related field, preferred.
• 4+ years of related financial services industry experience including origination and workout experience with loans ranging from $100,000 to $5 million.
• In-depth knowledge of SBA lending policies and procedures, preferred.
• Ability to identify, understand and define problems, evaluate alternatives, set priorities, and implement high quality solutions that support the overall goals of the Bank.
• Ability to work collaboratively with a variety of stakeholders at all levels.
• Proactively identifies opportunities, anticipates challenges, and takes ownership of actions to drive results without requiring direction.
• Have strong organizational, project management, time management, and planning skills with the ability to directly manage multiple projects and priorities depending on organizational needs and strategies.
• Possess strong communication skills both verbally and in writing.
• Demonstrate proficiency in portfolio management and monitoring, negotiating, and litigation management.
• Strong negotiation, interpersonal, project management, and legal/collection skills.
• Proficiency in MS Office Suite, nCino, IBS Insight, and loan servicing software.
• Must have ability to travel to client sites and office.

Physical Demands/Work Environment:
Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits:
Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $90,000 to $120,000 + incentive.

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.