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Remote Loan Workout Jobs (NOW HIRING)

Huntington

FRG Rep I

Akron, OH · On-site +1

$35K - $41K/yr

The Financial Recovery Rep develops workout strategy on classified (special asset) loans to ... Remote roles will also have the opportunity to come together in our offices for moments that matter.

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How much do remote loan workout jobs pay per year?

As of Jul 13, 2026, the average yearly pay for remote loan workout in the United States is $47,895.00, according to ZipRecruiter salary data. Most workers in this role earn between $42,500.00 and $53,000.00 per year, depending on experience, location, and employer.

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

Professionals in a remote loan workout role often encounter challenges such as limited access to in-person client meetings, navigating complex negotiations virtually, and coordinating with cross-functional teams across different locations. To address these challenges, it's important to leverage digital collaboration tools, maintain clear and frequent communication, and establish structured workflows for reviewing and managing distressed loans. Additionally, staying organized and proactive in following up with clients and internal stakeholders can help ensure successful resolutions and maintain strong professional relationships.

What is a Remote Loan Workout specialist?

A Remote Loan Workout specialist is a financial professional who works with borrowers and lenders to restructure loan terms, typically in cases where the borrower is having difficulty meeting repayment obligations. This role involves negotiating payment plans, modifying interest rates, or extending loan terms to help prevent default, all while operating remotely through digital communication tools. Remote Loan Workout specialists analyze financial statements, assess risk, and ensure that both lender and borrower reach mutually beneficial solutions. They often work for banks, credit unions, or third-party loan servicing companies. Strong communication and negotiation skills are essential for success in this position.

What are the key skills and qualifications needed to thrive as a Remote Loan Workout Specialist, and why are they important?

To thrive as a Remote Loan Workout Specialist, you need a solid understanding of loan servicing, financial analysis, and loss mitigation, often supported by experience in banking or a related field. Familiarity with loan management software, spreadsheets, and compliance regulations such as FDCPA and RESPA is typically required. Strong negotiation, problem-solving, and communication skills help build rapport with borrowers and facilitate positive outcomes. These skills ensure efficient resolution of delinquent loans, minimizing losses for lenders while supporting borrowers in financial distress.
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Remote Loan Workout jobs near you
Senior Commercial Loan Portfolio Manager - RETURNSHIP ELIGIBLE

Senior Commercial Loan Portfolio Manager - RETURNSHIP ELIGIBLE

Travis Credit Union

Vacaville, CA • On-site, Remote

Full-time

Medical, Dental, Vision, Retirement, PTO

Re-posted 17 days ago

Travis Credit Union rating

9.7

Company rating: 9.7 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

Job description

This role is RETURNSHIP ELIGIBLE. Click here for more information: Returnship Program | Careers | Travis Credit Union
Candidates must live within a reasonable commuting distance of the communities served by Travis Credit Union, which include the following counties: Alameda, Colusa, Contra Costa, Merced, Napa, Placer, Sacramento, San Joaquin, Solano, Sonoma, Stanislaus, and Yolo. For hybrid and remote roles, candidates are still required to reside within a commutable distance of our corporate headquarters in Vacaville, California.

We are unable to sponsor or assume sponsorship of employment visas for this position. Candidates must have current authorization to work in the U.S. (no sponsorship available).
Summary: Travis Credit Union's Small Business and Commercial Loan Portfolio Manager job family provides post-origination credit administration and independent portfolio oversight. The team completes periodic loan reviews, maintains accurate risk ratings, monitors covenant compliance results, identifies emerging risks, manages delinquency action plans and loan modifications, and performs special asset and workout activities to protect the members' capital.
This function operates independently of loan origination and loan administration and aligns with supervisory expectations for loan portfolio management, independent credit risk review, accurate risk grading, exception tracking, and effective reporting to management and the board, consistent with regulatory guidance and Interagency Credit Risk Review standards.
Profile:
  • Owns post-origination oversight of assigned portfolios across Small Business, Commercial Real Estate (CRE) and Commercial and Industrial (C&I) segments, ensuring timely annual and interim reviews and accurate risk ratings in accordance with policy.
  • Reviews covenant compliance results produced by Commercial Loan Administrator and initiates remedial actions, waivers, or amendments when appropriate.
  • Performs portfolio analytics and early warning surveillance, including trend analysis, migration monitoring, and watch-list management to surface risks promptly.
  • Leads borrower meetings for renewals, modifications, and performance updates; prepares credit memoranda for renewals and modifications with clear recommendations and risk mitigation strategies.
  • Manages criticized and classified relationships, prepares and executes workout plans, coordinates with Legal on enforcement actions, and maximizes recoveries through negotiated restructures or collateral liquidation when necessary.
  • Partners with Relationship Managers, Underwriters, Commercial Loan Administration, Legal, Compliance, and Internal Audit to ensure adherence to policy and unqualified audit and examination results.
  • Provides clear reporting to management on portfolio performance, concentrations, watch-list status, risk rating changes, and remediation progress.
Skills:
  • Strong credit analysis skills, including cash flow and tax return analysis, financial projections, and calculation of debt service coverage ratio (DSCR), global debt service coverage ratio (GDSCR), and loan-to-value (LTV) using cash flow methodologies such as net operating income (NOI), traditional cash flow, and uniform credit analysis (UCA).
  • In-depth understanding of diverse loan types, including CRE, C&I, and government-guaranteed programs, including but not limited to SBA 7(a) loans.
  • Ability to identify inconsistencies, trends, or red flags in borrower financial statements and supporting documentation.
  • High level of accuracy and attention to detail in preparing periodic loan reviews, workout plans, and distressed loan analyses.
  • Working knowledge of applicable regulatory guidance for portfolio management and credit risk, with an understanding of safety and soundness standards.
  • Expertise in criticized asset management and workout strategies, including restructures, forbearance arrangements, collateral valuation, and coordination with Legal on foreclosure or bankruptcy actions.
  • Ability to structure renewals and modifications aligned with borrower performance and credit union risk appetite, including covenant adjustments and appropriate risk mitigants.
  • Accuracy in assigning and updating risk grades based on borrower performance, collateral changes, and evolving market conditions.
  • Proficiency with credit administration and review systems, including interpretation of tickler and covenant tracking outputs.
  • Strong written and verbal communication skills, with the ability to prepare clear review memoranda, present to senior loan committee, and engage effectively with borrowers.
Reporting and Experience:
  • Senior Commercial Loan Portfolio Manager
    • Reports directly to assigned department leadership.
    • Bachelor's degree in business administration or related field; or equivalent related work experience.
    • Minimum 6 years of commercial portfolio management and workout experience with leadership of criticized assets and policy stewardship.
    • Handles the most complex and high-value loans, including aggregate exposures exceeding $5 million.
  • Commercial Loan Portfolio Manager Lead
    • Reports directly to assigned department leadership.
    • Bachelor's degree in business administration or related field; or equivalent related work experience.
    • Minimum 6 years of commercial portfolio management experience including at least 1 year of leading/mentoring less experienced team members.
    • Handles the most complex and high-value loans, including aggregate exposures exceeding $10 million.
    • Effectively shapes portfolio management policies to adapt to evolving market conditions and performance outcomes.
    • Drives optimal recovery outcomes while reducing losses through proactive and responsible actions.

Compensation:
  • Senior Commercial Loan Portfolio Manager - Grade 19/ Non-Exempt/ $56.08 - $69.28
  • Commercial Loan Portfolio Manager Lead - Grade 21 / Exempt/$140,025.60 - $172,972.80
Our compensation philosophy considers various factors, including the scope and responsibilities of the position, as well as a candidate's experience, education/training, and key skills.

Benefits:
At Travis Credit Union, we prioritize the wellbeing of our employees and their families by providing a comprehensive Total Rewards program that supports their health, welfare, and financial security. In turn, this enables our employees to focus on delivering exceptional service to our members and meeting the goals of the credit union.
Eligible employees enjoy a robust benefits package, which includes:
  • Competitive medical, dental, and vision insurance
  • Mental health and wellness programs
  • Employee performance incentive plan
  • Merit-based salary increases
  • 401(k) program with immediately vested employer match
  • Generous holiday and vacation policies
  • Exclusive TCU perks such as employee loan and credit card discounts

Travis Credit Union is an Affirmative Action Employer.
EOE / Individuals with Disabilities / Veteran Status
Employment Type: Regular Full Time

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