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Loan Restructuring Workout Jobs (NOW HIRING)

Vice President Lending

Romeoville, IL · On-site

$125K - $135K/yr

Advanced understanding of loan restructuring, workouts, foreclosures, and short sales is highly desirable. Benefits: * Our 401k Match is as high as 7.98% * We offer Blue Cross health insurance with ...

Manage problem asset strategies, workout negotiations, and restructuring and exit strategies ... Experience with loan documentation * Deliver as a team player in a fast-paced and potentially ...

$90 - $130/hr

This role evaluates distressed accounts, negotiates loan restructures, and coordinates workouts ... Loan Restructuring * Review borrower financial metrics to assess repayment capacity. * Create new ...

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Loan Restructuring Workout information

What is the difference between Loan Restructuring Workout vs Loan Underwriter?

AspectLoan Restructuring WorkoutLoan Underwriter
CredentialsFinancial analysis certifications, banking experienceFinancial analysis, credit analysis certifications
Work EnvironmentBanking, financial institutions, client meetingsBanking, credit departments, risk assessment
Industry UsageLoan modification, debt restructuringLoan approval, risk evaluation

Loan Restructuring Workout focuses on renegotiating loan terms to assist distressed borrowers, while Loan Underwriter evaluates creditworthiness to approve or deny loans. Both roles require financial analysis skills and operate within banking and financial institutions, but they serve different stages of the lending process.

What does a loan restructuring workout specialist do?

A loan restructuring workout specialist helps borrowers renegotiate loan terms to improve repayment conditions, often working with lenders to modify interest rates, extend payment periods, or reduce debt. They analyze financial situations, develop restructuring plans, and facilitate communication between parties to prevent default and achieve mutually beneficial solutions.
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What cities are hiring for Loan Restructuring Workout jobs?

Cities with the most Loan Restructuring Workout job openings:

What states have the most Loan Restructuring Workout jobs?

States with the most job openings for Loan Restructuring Workout jobs include:

Infographic showing various Loan Restructuring Workout job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 64% In-person, and 36% Hybrid job distribution.

Vice President Lending

Abri Credit Union

Romeoville, IL • On-site

$125K - $135K/yr

Full-time

Medical, Retirement, PTO

Re-posted 17 days ago


Job description

Vice President Lending
As our Vice President Lending, you will:
  • Serve as the primary credit risk officer, evaluating complex credit applications and issuing definitive lending decisions within established policy risk tolerances.
  • Maintain exhaustive knowledge of regulatory lending mandates; implement internal controls to align practices with consumer protection and lending laws.
  • Oversee operational workflows for consumer and real estate lending lines to maximize efficiency and accuracy from application through funding.
  • Prepare and present accurate, data-driven reports for the Asset-Liability Committee (ALCO) and the Board of Directors.
  • Serve as the primary liaison for internal/external audits and state/federal regulatory examinations, ensuring timely compilation of required documentation.
  • Drive the department to meet or exceed asset growth, loan volume, and outstanding balance metrics established by the executive leadership team.
  • Direct daily delinquency management and collections operations to protect credit union assets and minimize loan losses.
  • Conduct monthly portfolio reviews to determine and approve final loan charge-offs, ensuring accurate accounting and recovery of collateral sales.
  • Collaborate with the Loan Servicing Manager to structure complex loan workouts, short sales, and the management of Owned Real Estate Open (OREO) properties.
  • Supervise business and consumer loan servicing, including payment processing, documentation compliance, and mandatory annual commercial reviews.
  • Oversee the optimization and maintenance of core lending systems, ensuring post-closing exception tracking is resolved efficiently.
  • Continually monitor evolving HMDA, consumer lending, and collection laws to update operational manuals and policy documentation dynamically.
  • Collaborate with peer business lines to cultivate cross-selling opportunities and deepen member relationships.
  • Establish and scale strategic B2B partnerships with mortgage companies, home equity lenders, realtors, and institutional partners.
  • Evaluate the feasibility and market potential of launching a fee-based mortgage processing service model.
  • Set strategic goals, deliver regular performance evaluations, and foster a collaborative, high-performance team culture.
  • Implement robust cross-training programs and job rotation frameworks to ensure operational continuity and internal talent pipelines.

Requirements:
  • Bachelor's degree in business administration, finance, or a related field (or equivalent executive-level experience).
  • 5 to 10 years of progressive leadership experience within a full-service financial institution or mortgage banking company.
  • Familiar with secondary market guidelines (Fannie Mae/Freddie Mac), HMDA, Fair Debt Collection Practices Act (FDCPA), and federal/state lending regulations.
  • Proven track record of strategic leadership, talent development, and high-integrity decision-making.
  • Proficiency in advanced loan origination systems (LOS), core banking platforms, and Microsoft Office Suite.
  • Advanced understanding of loan restructuring, workouts, foreclosures, and short sales is highly desirable.

Benefits:
  • Our 401k Match is as high as 7.98%
  • We offer Blue Cross health insurance with up to 90% employee/70% dependent premiums paid
  • You'll:
    • accrue 12 days of vacation per year
    • be given 5 days of personal leave per year
    • be given up to 13 paid holidays per year
  • Our dress code is relaxed, business casual and company logo wear
  • We have a team of trainers to get you ready to be fabulous on the job!

For a full list of our benefits, visit
Pay:
$125,000-$135,000 per year
EOE