ZipRecruiter

Log In

1

Workout Officer Jobs (NOW HIRING)

Fifth Third Bank

SAG Workout Officer III

Serve as coach and mentor to junior workout officers * Attend Admin Loan Meetings to present collection update and strategy * Other duties as assigned MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

Fifth Third

SAG Workout Officer III

Cincinnati, OH · On-site

Serve as coach and mentor to junior workout officers * Attend Admin Loan Meetings to present collection update and strategy * Other duties as assigned MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

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 ...

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 ...

MRISpokane

Special Assets Manager

Dallas, TX

Serve as the lead workout officer on complex problem credits, working directly with borrowers to negotiate resolutions and monitor action plans. * Collaborate with internal and external legal counsel ...

Td

Counsel - Commercial Lending & Workout

Charlotte, NC · On-site

$140K - $231K/yr

The team works closely with senior leadership, credit management, credit risk, relationship managers, and workout officers to provide legal support in a number of areas, including without limitation ...

Td

Counsel - Commercial Lending & Workout

Portland, ME · On-site

$140K - $231K/yr

The team works closely with senior leadership, credit management, credit risk, relationship managers, and workout officers to provide legal support in a number of areas, including without limitation ...

Td

Counsel - Commercial Lending & Workout

Washington, DC

$140K - $231K/yr

The team works closely with senior leadership, credit management, credit risk, relationship managers, and workout officers to provide legal support in a number of areas, including without limitation ...

next page

Showing results 1-20

People also search for

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 Jul 7, 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.

How much does a loan officer make on a $500,000 loan?

A Workout Officer, similar to a loan officer, typically earns a commission or fee based on the loan amount, often around 1% to 2%. For a $500,000 loan, this could translate to $5,000 to $10,000 in fees or commissions, depending on the organization and specific compensation structure.

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

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 similar fitness-related roles sometimes pay employees to stay active or demonstrate exercises, especially in promotional or event settings. Most fitness jobs, such as personal trainers or fitness instructors, earn wages for providing workout guidance rather than being paid solely to work out. These roles often require certifications and involve scheduled hours in gyms, studios, or outdoor environments.

How does a Workout Officer typically 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 the role of a workout officer?

A workout officer is responsible for planning, organizing, and supervising fitness and exercise programs, often in gyms, sports facilities, or corporate wellness settings. They assess clients' fitness levels, develop personalized workout plans, and ensure safety during exercise sessions, typically requiring knowledge of fitness training and certifications such as CPR or personal training credentials.

Is MLO a stressful job?

A Workout Officer's job can be physically demanding and may involve managing multiple clients or overseeing fitness programs, which can be stressful during busy periods or when meeting strict deadlines. However, the level of stress varies depending on the work environment, workload, and individual coping skills. Proper training and time management can help reduce stress in this role.

What are Workout Officers?

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.
More about Workout Officer jobs
What cities are hiring for Workout Officer jobs? Cities with the most Workout Officer job openings:
What states have the most Workout Officer jobs? States with the most job openings for Workout Officer jobs include:
What job categories do people searching Workout Officer jobs look for? The top searched job categories for Workout Officer jobs are:
Workout Officer jobs near you
Infographic showing various Workout Officer job openings in the United States as of July 2026, with employment types broken down into 96% Full Time, and 4% Part Time. Highlights an 99% Physical, and 1% Remote job distribution, with an average salary of $62,148 per year, or $29.9 per hour.
SAG Workout Officer III

SAG Workout Officer III

Fifth Third Bank

Remote

Full-time

Posted 26 days ago

Fifth Third Bank rating

7.5

Company rating: 7.5 out of 10

Based on 112 frontline employees who took The Breakroom Quiz

89th of 144 rated banks

Job description

Make banking a Fifth Third better®
We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.
GENERAL FUNCTION:
Assist and direct in the orderly liquidation/exit and rehabilitation of large and complex credits with a high dollar impact to the organization. To collaborate with the Portfolio Manager to maintain portfolio by monitoring credits to formulate and drive strategic plans to maximize the returns to the Bank.
Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
  • Collection of past due accounts
  • Formulate and execute exit strategies on large and complex administrative loans
  • Recommend/Negotiate best course of action on large and complex Administrative Loans
  • Collaborate with Portfolio Managers to obtain necessary financial information required to properly track financial covenants, exceptions and preparation of approvals
  • Work closely/assist the Wholesale Line of Business on potential trouble credits
  • Identification of potential loss on administrative credits
  • Complete required reporting; such as ALSR's on administrative credits
  • Maintain adequate credit/collateral files
  • Identify when legal counsel is required given transaction complexity
  • Serve as coach and mentor to junior workout officers
  • Attend Admin Loan Meetings to present collection update and strategy
  • Other duties as assigned

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:
  • Bachelor's Degree in accounting, finance or economics preferred or equivalent work experience required.
  • Typically requires 8 - 10 years workout or related banking experience.
  • Deep understanding of credit policies, procedures and decisioning tools.
  • Knowledge of bankruptcy law and related legal proceedings.
  • Requires strong oral, written communication, and negotiation skills.
  • Ability to access, analyze and recommend the best course of action in difficult credit situations.
  • Possess analytical and problem solving skills.
  • PC proficiency with Windows based word processing and spreadsheet applications.

#LI-GM1
WORKING CONDITIONS:
  • Normal office environment with little exposure to dust, noise, temperature and the like.
  • Extended viewing of a CRT screen.
  • Travel Required.

SAG Workout Officer III
Total Base Pay Range 96,500.00 - 207,500.00 USD Annual
At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.
The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner.
LOCATION -- Virtual, Florida 00000
Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting. Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third. Any unsolicited resumes - no matter how they are submitted - will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.
Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

What Fifth Third Bank employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

Fifth Third Bank logo

About Fifth Third Bank

Sourced by ZipRecruiter

Fifth Third Bank, National Association established in 1858, is a diversified financial services company headquartered in Cincinnati, Ohio. Fifth Third is among the largest money managers in the Midwest. It operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Cincinnati, OH, US

Year founded

1858

View All Fifth Third Bank Jobs

Apply