Loan Workout and Liquidation Officer; Remote

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Full Time Corporate Operations Schaumburg, IL, US

Salary Range: $90,000.00 To $ Annually

Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:

BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.7 billion in assets and operates 45 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top U.S. Small Business Administration (SBA) lenders according to the national SBA rankings by volume FY2024.

Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest, Finance & Overall in , .
• Chicago Sun Times Chicago’s Best Workplaces 2024
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America's Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

The Loan Workout and Liquidation Officer is responsible for managing a portfolio of Small Business Administration (SBA) and commercial criticized and classified loan relationships, and for implementing timely workout strategies to minimize loss for the Bank.

• Interacts with the Small Business Administration to ensure compliance and protection of guaranteed loans.
• Manages and resolves a portfolio of distressed loans, ensuring effective strategies to mitigate risk and protect the Bank’s interest.
• Designs and implements customized approaches for each loan relationship to maximize recoveries and minimize losses.
• Responds timely, creatively, and effectively to changing and challenging dynamics as situations unfold, including bankruptcies, litigation, and uncovering new information that may reshape original strategies.
• Effectively communicates with customers, employees at all organizational levels, and external third parties, including delivering complex or sensitive messages.
• Evaluates the collectability of indebtedness by analyzing collateral
  -including real estate, business assets, and guarantees - through site inspections and comprehensive reviews of appraisals, evaluations, Broker’s Preferred Opinions (BPOs), field examinations, tax returns, operating statements, personal financial statements, credit reports, and asset searches.
• Identifies and recommends appropriate outside counsel at the optimal time for workout situations and effectively oversees counsel’s efforts to protect the Bank’s interests.
• For real estate loans, ensures appropriate property-level due diligence by evaluating market conditions, physical and environmental factors, as well as identifying liens and building code violations.
• Demonstrates a thorough understanding of the Bank’s loan rating system and promptly recommends appropriate risk rating adjustments, including upgrades and downgrades, as needed.
• Collaborates as part of a team with line officers on Special Asset Group (SAG) “consults” and with others in the SAG & Portfolio Management Department.
• Conducts quarterly Watch List Reviews and presentations to Senior Management.
• Presents clear and concise credit approval requests to various levels of the organization including Senior Management and the Executive Credit Committee of the Board of Directors.
• Maintains well documented credit files.
• All other…