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Workout Officer Jobs (NOW HIRING)

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 ...

Capital One

Director, Special Assets

New York, NY · On-site

Director, Special Assets Capital One is seeking a Director level workout officer to provide leadership and loan workout expertise to a portfolio of distressed loans in Middle Market Banking including ...

Capital One

Director, Special Assets

New York, NY

Director, Special Assets Capital One is seeking a Director level workout officer to provide leadership and loan workout expertise to a portfolio of distressed loans in Middle Market Banking including ...

Capital One

Director, Special Assets

Mclean, VA

Director, Special Assets Capital One is seeking a Director level workout officer to provide leadership and loan workout expertise to a portfolio of distressed loans in Middle Market Banking including ...

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Workout Officer information

See salary details

$32.5K

$62.1K

$103.5K

How much do workout officer jobs pay per year?

As of Aug 17, 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 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.
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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?

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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.

Workout Credit Officer - Vice President

Deutsche Bank

New York, NY • On-site

$120K - $205K/yr

Full-time

Medical, Retirement, PTO

Posted 8 days ago

Deutsche Bank rating

7.7

Company rating: 7.7 out of 10

Based on 14 frontline employees who took The Breakroom Quiz

91st of 171 rated banks

Job description

Job Description:
Job Title: Workout Credit Officer
Corporate Title: Vice President
Location: New York, NY
Overview
As 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 clients. You will work in close collaboration with Workout colleagues to analyze transactions from underperforming clients or in distressed situations. You will also manage a diversified portfolio and participate in regulatory audits. The role involves analyzing complex transactions, leading workout strategies, and ensuring compliance with credit policies and regulations
What We Offer You
  • A diverse and inclusive environment that embraces change, innovation, and collaboration
  • A hybrid working model, allowing for in-office / work from home flexibility, generous vacation, personal and volunteer days
  • Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
  • Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
  • Educational resources, matching gift and volunteer programs

What You'll Do
  • Oversee a diversified portfolio of distressed assets, focused on commercial real estate, high-yield structures and leveraged loans and conduct detailed credit evaluations, monitor borrower financials.
  • Design and implement strategies to mitigate risk and maximize recovery, including debt restructuring, insolvency proceedings, and Chapter 11 exit financing
  • Support internal and external audits, ensure policy adherence, and maintain accurate documentation
  • Work with risk management, legal, and deal teams to execute workout plans and present findings to senior management
  • Guide junior credit officers on transaction workflows, policy compliance, and regulatory changes
  • Provide regular updates to senior management on portfolio performance and risk exposure

How You'll Lead
  • Lead professional transactions, collaborating with the deal team and your colleagues in the Workout team, and other stakeholders
  • Provide training and guidance to junior credit officers particularly with respect to transactions workflow as well as policy and regulatory adherence
  • You will lead projects to improve the credit process or to adapt the portfolio to regulatory changes

Skills You'll Need
  • Bachelor's degree in finance, economics, accounting, or a related field; advanced degree preferred
  • Moderate experience credit analysis, underwriting, or related financial industry roles
  • Strong analytical and problem-solving abilities, excellent communication and negotiation skills, in-depth knowledge of loan origination and workout processes
  • Experience in commercial real estate, or similar distressed asset class is highly valued
  • Proven ability to leverage AI tools to enhance productivity, optimize workflows to solve business problems, while applying critical judgment to ensure responsible and ethical use of data and AI outputs

Skills That Will Help You Excel
  • Strong communication skills and the ability to explain potentially complex and nuanced transaction structures to relevant stakeholders
  • Desire to go above and beyond to exceed expectations with work product
  • Demonstrating core Deutsche Bank values, teamwork mindset, entrepreneurial drive and skillset
  • Ability to deliver presentations effectively and commercially in an interactive setting
  • Ability to work independently and manage multiple priorities

Expectations
It is the Bank's expectation that employees hired into this role will work in the New York office in accordance with the Bank's hybrid working model.
Deutsche Bank provides reasonable accommodations to candidates and employees with a substantiated need based on disability and/or religion.
The salary range for this position in New York City is $120,000 to $205,500. Actual salaries may be based on a number of factors including, but not limited to, a candidate's skill set, experience, education, work location and other qualifications. Posted salary ranges do not include incentive compensation or any other type of remuneration.
Deutsche Bank Benefits
At Deutsche Bank, we recognize that our benefit programs have a profound impact on our colleagues. That's why we are focused on providing benefits and perks that enable our colleagues to live authentically and be their whole selves, at every stage of life. We provide access to physical, emotional, and financial wellness benefits that allow our colleagues to stay financially secure and strike balance between work and home. Click here to learn more!
Learn more about your life at Deutsche Bank through the eyes of our current employees https://careers.db.com/life
The California Consumer Privacy Act outlines how companies can use personal information. If you are interested in receiving a copy of Deutsche Bank's California Privacy Notice please email HR.Direct@DB.com.
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We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or other characteristics protected by law. Click these links to view Deutsche Bank's Equal Opportunity Policy Statement and the following notices: EEOC Know Your Rights; Employee Rights and Responsibilities under the Family and Medical Leave Act; and Employee Polygraph Protection Act.

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About Deutsche Bank

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Deutsche Bank is the leading German bank with strong European roots and a global network. We're driving growth through our strong client franchise. Against a backdrop of increasing globalization in the world economy, Deutsche Bank is very well-positioned, with significant regional diversification and substantial revenue streams from all the major regions of the world. We serve our clients' real economic needs in commercial banking, investment banking, private banking and asset management. We are investing heavily in digital technologies, prioritizing long term success over short-term gains, and serving society with ambition and integrity.

Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Social media

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