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Workout Officer Jobs (NOW HIRING)

Flagstar Bank

Loan Workout Officer - Commercial Real Estate

$102K - $158K/yr

  • Medical

  • Dental

  • Vision

  • Life

Position Title Loan Workout Officer - Commercial Real Estate Location New York, NY 10018 Job Summary The Special Assets Officer manages a portfolio of distressed commercial real estate/multifamily ...

Consumers National Bank

Collections Representative

Minerva, OH · On-site

$15.75 - $20.25/hr

Recommend to the Workout Officer all loans that may deserve special attention or to be added to the Watch List. * Determine which loans need special collection efforts and decide who shall make those ...

Consumers National Bank

Collections Representative

Minerva, OH · On-site

$15.75 - $20.25/hr

Recommend to the Workout Officer all loans that may deserve special attention or to be added to the Watch List. * Determine which loans need special collection efforts and decide who shall make those ...

EagleBank

US-MD-Bethesda

Bethesda, MD

$91K - $151K/yr

  • Medical

  • Retirement

Assists workout officers with workouts and liquidations. * Underwrites all credit modifications and extensions on workout deals; prepare LMM's for workout officers. * Ordering Credit Requests as ...

EagleBank

Special Assets Portfolio Manager

Bethesda, MD

$91K - $151K/yr

  • Medical

  • Retirement

Assists workout officers with workouts and liquidations. * Underwrites all credit modifications and extensions on workout deals; prepare LMM's for workout officers. * Ordering Credit Requests as ...

EagleBank

Special Assets Portfolio Manager

Bethesda, MD · On-site

$91K - $151K/yr

  • Medical

  • Retirement

Assists workout officers with workouts and liquidations. * Underwrites all credit modifications and extensions on workout deals; prepare LMM's for workout officers. * Ordering Credit Requests as ...

M&T Bank

Business Banking Workout Support I

Getzville, NY · On-site

$18.68 - $31.14/hr

Provide support to Relationship Managers, Workout Officers, Collection Specialists and Legal Liaisons. Research, gather, prepare and validate appropriate documentation associated with the workout ...

New

Deutsche Bank AG

NY · On-site

$120 - $206/hr

  • Medical

  • Retirement

  • PTO

New York, NYOverviewAs a Workout Credit Officer - Vice President , you will be a key member of Deutsche Bank's Lending franchise, focusing on credit risk management for underperforming or distressed ...

M&T Bank

Business Banking Workout Support I

Getzville, NY · On-site

$18.68 - $31.14/hr

Provide support to Relationship Managers, Workout Officers, Collection Specialists and Legal Liaisons. Research, gather, prepare and validate appropriate documentation associated with the workout ...

First Northern Bank & Trust Co.

Be Seen First

VP, COMMERCIAL LOAN OFFICER

Palmerton, PA · On-site

  • Medical

  • Dental

  • Vision

  • Life

  • PTO

... Workout Officer in the collection of past due accounts and work out problem loans. Education: Bachelors' Degree (four year college or technical school) in related business field. Experience: 8-10 ...

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All JobsWorkout Officer Jobs

Workout Officer information

See salary details

$32.5K

$62.1K

$103.5K

How much do workout officer jobs pay per year?

As of Aug 16, 2026, the average yearly pay for workout officer in the United States is $62,148.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,500.00 and $74,500.00 per year, depending on experience, location, and employer.

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.

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.

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.

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.
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Workout Officer jobs near you
Infographic showing various Workout Officer job openings in the United States as of August 2026, with employment types broken down into 96% Full Time, and 4% Part Time. Highlights an 98% Physical, 1% Hybrid, and 1% Remote job distribution, with an average salary of $62,148 per year, or $29.9 per hour.

Loan Workout Officer - Commercial Real Estate

Flagstar Bank

New York, NY • On-site

$102K - $158K/yr

Full-time

Medical, Dental, Vision, Life

Re-posted yesterday

Job description

Position Title
Loan Workout Officer - Commercial Real Estate
Location
New York, NY 10018
Job Summary
The Special Assets Officer manages a portfolio of distressed commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Analysts while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with policy, procedure and lending regulations.
Job Responsibilities:
JOB RESPONSIBILITIES
  • Manages a portfolio of classified commercial real estate/multi-family loans end-to-end
  • Prepare and compile credit approval memos, including detailed financial analysis, relationship overviews, collateral assessments, and risk evaluations.
  • Identify emerging credit risks and trends early, timely report changes in risk to management, and implement corrective actions to minimize defaults, non-accrual loan status, and migration of impairments.
  • Develop, recommend and execute workout strategies and make necessary judgements to protect the bank's interest and achieve maximum recovery.
  • Lead and manage negotiations with borrowers, guarantors, and third parties to protect the bank's risk position and achieve maximum recovery.
  • Establish clear borrower performance expectations and actively monitor and enforce loan covenants, reporting requirements, and agreed-upon action plans.
  • Prepare formal credit memoranda, risk assessments, and recommendations for review and approval by senior credit authorities in accordance with delegated lending authorities and Special Assets Group Standards.
  • Review documentation for amendments, restructure proposals and litigation
  • Interact with Sr. Management and loan officers to compile financial forecasts, including credit deterioration and project losses and recoveries.
  • Perform quarterly reserve analysis, charge-off calculations, and credit cost forecasting.

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.

Required Qualifications:
  • Education level required: Undergraduate Degree (4 years or equivalent) Business Administration, Finance, or related field
  • Minimum experience required: 5+ Years within the Workout/Special Assets field, preferably at an OCC regulated institution
  • Familiarity with various loan databases

Preferred Qualifications:
  • 7+ years of relevant work experience preferred.

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
$102,717.00 - $158,469.00

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