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Workout Officer Jobs in Indiana (NOW HIRING)

Centier

Commercial Loan Workout Officer

Merrillville, IN · Hybrid

  • Medical

  • Retirement

  • PTO

The position assists senior commercial workout officers and completes credit risk reviews as assigned. * The position works closely and collaborates with all Credit Risk Management staff. The ...

First Financial Bank

Credit Officer, FCF

Indianapolis, IN · On-site

$130 - $209.40/hr

Share in the responsibility to ensure the appropriate assignment of Asset Quality Ratings on all loan relationships. Assist Special Asset officers in developing appropriate workout strategies to ...

FCN Bank

FCN Bank Chief Loan Officer

Brookville, IN

$120K - $170K/yr

FCN Bank Chief Lending Officer Department: Commercial Lending Job Status: Full-time FLSA Status ... Partner with the Collection Manager on workout strategies and collection efforts. * Partner with ...

FCN Bank

FCN Bank Chief Loan Officer

Brookville, IN · On-site

$120K - $170K/yr

FCN Bank Chief Lending Officer Department: Commercial Lending Job Status: Full-time FLSA Status ... Partner with the Collection Manager on workout strategies and collection efforts. * Partner with ...

FIRST INTERNET BANK

SBA Special Assets Officer I

Fishers, IN · On-site

$17.50 - $19.25/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

As the Small Business Administration (SBA) Special Assets Officer I, you will assist with the ... and other workout related activities for loans managed by the Special Assets Department

FIRST INTERNET BANK

SBA Special Assets Officer II

Fishers, IN · On-site

$17.50 - $19.25/hr

  • Medical

  • Dental

  • Vision

  • Retirement

  • PTO

As the Small Business Administration (SBA) Special Assets Officer II, you will assist with the ... and other workout related activities for loans managed by the Special Assets Department

MSD Martinsville Schools

Police Officer

Martinsville, IN · Hybrid

  • Medical

  • Dental

  • Vision

  • Life

  • Retirement

  • PTO

Unused paid leave days roll over into sick accumulated days, and use of the Wellness Gym (workout facility for all employees and guests ages 18+) and Marathon Health Clinic. The MSD of Martinsville ...

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All JobsWorkout Officer JobsWorkout Officer Jobs in Indiana

Workout Officer information

See Indiana salary details

$30.9K

$59.1K

$98.5K

How much do workout officer jobs pay per year?

As of Aug 16, 2026, the average yearly pay for workout officer in Indiana is $59,138.00, according to ZipRecruiter salary data. Most workers in this role earn between $46,200.00 and $70,900.00 per year, depending on experience, location, and employer.

What is a workout officer?

Workout Officers are financial professionals who specialize in managing and restructuring distressed loans or troubled assets within banks or financial institutions. Their main role is to negotiate with borrowers facing repayment difficulties to find mutually acceptable solutions, such as loan modifications, settlements, or restructurings. Workout Officers aim to minimize losses for their employers while helping borrowers avoid default or bankruptcy. They often work closely with legal teams, credit analysts, and borrowers to resolve complex financial situations. This role requires strong negotiation, analytical, and communication skills.

What skills and qualifications are needed to be a workout officer?

To thrive as a Workout Officer, you need strong analytical skills, financial acumen, and a background in finance, accounting, or law, often supported by a relevant degree. Familiarity with loan management systems, financial modeling tools, and regulatory compliance frameworks is typically required. Excellent negotiation, communication, and problem-solving skills help you work effectively with borrowers and internal stakeholders. These abilities are crucial for successfully restructuring distressed loans and mitigating risk for financial institutions.

How does a workout officer collaborate with legal and credit teams during loan restructuring?

A Workout Officer works closely with both legal and credit teams to develop effective strategies for restructuring distressed loans. They coordinate with the legal team to ensure all actions comply with relevant regulations and that documentation is in order, while partnering with credit analysts to assess borrower risk and propose feasible repayment plans. Effective communication and teamwork are essential, as these collaborations help protect the lender’s interests and maximize loan recovery. Regular meetings and status updates are common to keep all parties aligned throughout the process.

What is the difference between Workout Officer vs Fitness Instructor?

AspectWorkout OfficerFitness Instructor
Required CertificationsCPR/AED, fitness or health-related certificationsCPR/AED, fitness instructor certifications
Work EnvironmentGyms, fitness centers, health clubsGyms, fitness classes, personal training settings
Employer & Industry UsageHealth clubs, corporate wellness programsGyms, wellness centers, community centers
Common Search & ComparisonYesYes

The Workout Officer and Fitness Instructor roles both require fitness certifications and work in similar environments like gyms and health clubs. However, Workout Officers often focus on overseeing workout programs and ensuring safety, while Fitness Instructors typically lead fitness classes and train clients directly. Both roles are essential in the fitness industry, with overlapping skills but different primary responsibilities.

Are there jobs that pay you to workout?

Workout Officers or fitness-related roles sometimes pay employees to stay active or demonstrate exercises, especially in promotional or training environments. Most fitness jobs, such as personal trainers or gym staff, pay for their work rather than for working out, but some promotional or brand ambassador roles may include incentives or compensation for participating in fitness activities. Certifications in fitness or health may be required for certain positions.

What are popular job titles related to Workout Officer jobs in Indiana?

For Workout Officer jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Workout Officer jobs in Indiana look for?

The top searched job categories for Workout Officer jobs in Indiana are:

Workout Officer jobs near you
Infographic showing various Workout Officer job openings in Indiana as of August 2026, with employment types broken down into 94% Full Time, and 6% Part Time. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $59,138 per year, or $28.4 per hour.

Commercial Loan Workout Officer

MRISpokane

Merrillville, IN • Hybrid

Full-time

Posted 12 days ago

Job description

Commercial Loan Workout Officer

This position will be based out of the organization's corporate headquarters in Northwest Indiana, (Merrillville). Onsite expectations would be 4 days per week with the flexibility to work 1 day from home. Department hours are Monday-Friday 8:00-5:00 CST.

Summary: As a member of the Credit Risk Management team within the Credit Administration Division, the Commercial Loan Workout Officer position reports to the Manager of Credit Risk Management.

Essential Duties and Responsibilities:

Primary responsibilities include the successful management of a portfolio of assigned substandard, special mention, watch, and pass rated commercial loan accounts, and ORE.

Will manage a portfolio of distressed loans or relationships up to $1,000,000 and performing loans or relationships up to $1,500,000.

Requires the development, negotiation, and documentation of loan renewal and modification agreements, forbearance agreements, and legal strategy in collaboration with legal counsel. Measurements include demonstrated reductions in distressed loans, credit risk, credit losses, and achieved recoveries. The position assists senior commercial workout officers and completes credit risk reviews as assigned.

The position works closely and collaborates with all Credit Risk Management staff. The position works directly with borrowers, lenders, operations staff, documentation staff, credit analysts, attorneys, property managers, and real estate brokers.

Requires completion and maintenance of customary and additionally determined necessary due diligence in compliance with organizational policies and guidelines.

Some travel is required. Travel requirements are primarily local. Occasional regional travel may be required.

Skills and Abilities:

Requires effective organizational, time management, multi-tasking, and problem-solving skills.

Excellent written and verbal communication skills are required.

Proven experience in collateral analysis along with commercial loan documentation experience required.

Education and Experience:

Bachelor's degree with concentration in business, finance, or accounting preferred. Additional Bachelor's degree concentrations considered in relation to past and present experience, responsibilities, continuing education, and certifications. Associate degrees with progress toward bachelor's degrees considered similarly.

2 to 3 years of prior commercial workout experience or a combination of prior commercial lending, credit underwriting, portfolio management, financial analysis, documentation, examination, audit, compliance, and SBA experience considered.