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Loan Workout Jobs (NOW HIRING)

Five Star Bank

Loan Recovery Specialist

Rochester, NY · On-site

$24 - $31/hr

The Consumer Loan Workout Specialist is responsible for the final disposition of charged off consumer and BBU debt to ensure maximum recovery of loan losses. Essential Functions : * Conduct ...

First Citizens Bank

Director Special Assets

Manhattan, NY · Hybrid

$270K - $300K/yr

Qualifications Bachelor's Degree and 10 years of experience in commercial lending, loan workout, restructuring advisory, CRE asset management or investment banking OR High School Diploma or GED and ...

First Citizens Bank

Director Special Assets

Manhattan, NY · Hybrid

$270K - $300K/yr

Qualifications Bachelor's Degree and 10 years of experience in commercial lending, loan workout, restructuring advisory, CRE asset management or investment banking OR High School Diploma or GED and ...

First Citizens Bank

Director Special Assets

Manhattan, NY · On-site

$270K - $300K/yr

Qualifications Bachelor's Degree and 10 years of experience in commercial lending, loan workout, restructuring advisory, CRE asset management or investment banking OR High School Diploma or GED and ...

C&F Bank

Special Assets Specialist

Toano, VA · On-site

Responsibilities Loan Workout, Recovery & Portfolio Management (65%): * Administers and supports the management of delinquent, non-accrual, and adversely classified loans, including tracking ...

C&F Bank

Special Assets Specialist

Toano, VA · On-site

Loan Workout, Recovery & Portfolio Management (65%): * Administers and supports the management of delinquent, non-accrual, and adversely classified loans, including tracking, monitoring, and ...

OSP LP

ASSET MANAGER AND WORKOUT SPECIALIST

Waco, TX · On-site

Primary Position Objective Manage commercial loan portfolios with an emphasis on ensuring ... loan workout strategies to ensure optimal asset recovery in accordance with client objectives ...

Peoples Financial Services

Asset Recovery Officer

Moosic, PA · On-site

$14.50 - $16.50/hr

Monitors adherence to terms of workout agreements. * Evaluates collateral position to better secure loan and establish recourse to other borrower assets against the possibility of charge off.

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Loan Workout information

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How much do loan workout jobs pay per hour?

As of Aug 6, 2026, the average hourly pay for loan workout in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a loan workout specialist?

To thrive as a Loan Workout Specialist, you need a solid understanding of credit analysis, risk assessment, and lending regulations, often supported by a degree in finance, business, or a related field. Familiarity with loan management systems, financial modeling tools, and regulatory compliance platforms is typically required. Strong negotiation, problem-solving, and interpersonal communication skills are vital for managing borrower relationships and resolving distressed loans. These competencies are crucial for minimizing losses, maintaining regulatory compliance, and achieving successful loan resolution outcomes.

What are some common challenges faced by professionals in loan workout roles, and how can they be addressed?

Professionals in Loan Workout roles often face challenges such as negotiating with distressed borrowers, managing complex documentation, and balancing the interests of both the lender and the client. Effective communication and strong negotiation skills are crucial when working with borrowers to restructure loans or recover assets. Staying organized and up to date with regulatory requirements helps ensure compliance and smooth workflow. Collaboration with legal teams, credit analysts, and senior management is also essential to develop viable solutions for non-performing loans.

What is a loan workout specialist?

Loan Workout specialists are financial professionals who work with borrowers and lenders to restructure or modify troubled loans in order to avoid default or foreclosure. Their main goal is to find mutually beneficial solutions for both parties, which may involve adjusting payment terms, interest rates, or other loan conditions. They analyze the borrower's financial situation, negotiate new terms, and ensure compliance with relevant regulations throughout the process.

What is the difference between Loan Workout vs Loan Underwriter?

AspectLoan WorkoutLoan Underwriter
Required CredentialsExperience in credit analysis, financial restructuring, and negotiationFinancial analysis, credit risk assessment, and loan evaluation
Work EnvironmentOften in distressed asset management, banking, or financial institutionsIn lending departments, banks, or financial institutions
Employer & Industry UsageUsed in banking, finance, and distressed asset sectorsCommon in banking, mortgage, and commercial lending
Search & Comparison IntentUnderstanding roles related to managing distressed loansEvaluating loan approval and risk assessment processes

While Loan Workout specialists focus on restructuring and resolving distressed loans, Loan Underwriters primarily assess the risk and approve new or existing loans. Both roles require financial analysis skills, but their focus areas differ—one manages existing troubled loans, the other evaluates new loan applications.

More about Loan Workout jobs
What cities are hiring for Loan Workout jobs? Cities with the most Loan Workout job openings:
What are the most commonly searched types of Loan Workout jobs? The most popular types of Loan Workout jobs are:
What states have the most Loan Workout jobs? States with the most job openings for Loan Workout jobs include:
What job categories do people searching Loan Workout jobs look for? The top searched job categories for Loan Workout jobs are:
Loan Workout jobs near you
Infographic showing various Loan Workout job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 80% Full Time, 15% Part Time, and 4% Contract. Highlights an 95% Physical, 2% Hybrid, and 3% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

AVP, Loan Workout Analyst - Commercial Real Estate

Flagstar Bank

New York, NY • On-site

$67K - $106K/yr

Full-time

Medical, Dental, Vision, Life

Re-posted 8 days ago

Job description

Position Title
AVP, Loan Workout Analyst - Commercial Real Estate
Location
New York, NY 10018
Job Summary
The Special Assets Analyst supports the Special Assets team with day-to-day management of distressed commercial real estate/multifamily loans, and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.
Job Responsibilities:
JOB RESPONSIBILITIES
  • Conducts market research and analysis to assist Special Assets Officers and Special Assets Team Leads in the remediation of classified commercial real estate/multifamily loans, and/or C&I Loans.
  • Re-underwrite actionable credits with emphasis on borrower liquidity and cash flow sustainability, primary drivers of underperformance, corrective actions, and prospects for recovery
  • Develop, maintain, and update financial models and analyses to evaluate restructuring, loan modification, or other recovery alternatives.
  • Supports Special Assets Officers and Special Assets Team Leads in the development, execution, and monitoring of workout strategies.
  • Acts as a liaison when needed for internal/external stakeholders.
  • Prepare timely detailed credit approval memos, including financial analysis, relationship overview, cash flow analysis, collateral assessments, and risk evaluations.
  • Reviews internal loan bookings and collateral positions.
  • Maintains team files and records.
  • Interact with borrowers, advisors, and internal bank/outside counsel.

ADDITIONAL ACCOUNTABILITIES
  • Performs special projects, and additional duties and responsibilities as required.

  • Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.

JOB REQUIREMENTS
Required Qualifications:
  • Education level required: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field.

  • Minimum experience required: 4+ Years within the Loan Workout/Special Assets field, preferably at an OCC regulated institution.

Preferred Qualifications:
  • Familiarity with various loan databases

Job Competencies:
  • Excellent knowledge of and ability to interpret loan documentation.
  • Computer literate with proficiency in Word and Excel.
  • Excellent verbal and written communication skills.
  • Excellent organizational skills with ability to multitask.
  • Detail oriented and ability to prioritize workload in a fast paced environment.
  • Ability to work independently while also collaborating effectively in a team environment.
  • Strong financial analysis skills.

  • Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.

  • Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
  • Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.

  • Physical demands (ADA): No unusual physical exertion is involved.

Flagstar is an Equal Opportunity Employer
We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
Pay Range
$67,758.75 - $106,505.00

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