Senior Loan Workout Officer bei Teachers Federal Credit Union

Join Our Team 

For over 70 years, Teachers Federal Credit Union has been committed to guiding members toward building a strong financial foundation today for a better tomorrow. Recognized by Forbes Magazine as one of America’s Best-In-State Credit Unions in 2025, Teachers has grown into one of the nation’s leading credit unions. As we expand our reach across the country, we remain focused on being both a Best Place to Bank and a Best Place to Work. From part-time roles to executive leadership positions, Teachers offers a wide range of meaningful career opportunities.   

Summary: 

The Senior Loan Workout Officer is responsible for restructuring problem loans for commercial borrowers. This role collaborates with lending personnel and borrowers to secure collateral and/or assets of the borrower, facilitate collection efforts, and analyze financial information.

Education and/or Experience: 

• Bachelor’s degree or a minimum of eight years directly related experience required
• Minimum four years performing high level credit analysis specializing in working on problem business loans required
• Local travel 10% of the time required
• Proven track record of working in a Business Lending environment focused on credit analysis, with a specialization in working on problem business loans.
• Strong ability to review and correlate business and personal tax returns into hardship memorandums or annual reviews.
• Strong computer skills including previous experience working with MS Word and Excel.
• Provide appropriate loan workout and hardship recommendations on troubled loans including debt restructures to mitigate loan risk to Teachers.

Job Responsibilities: 

• Develops workout strategies and action plans to mitigate risk in the commercial loan portfolio
• Assesses borrower financials, collateral, and repayment capacity
• Works with mid to large size loans of varying complexity levels
• Performs reviews on existing commercial loan borrowers on an annual basis
• Provides support to the workout team to improve efficiencies
• Tracks performance of the workout loan portfolio
• Works with outside legal counsel on enforcement actions or litigation matters
• Works with Loan Servicing or Collections Department on escrow, delinquent property taxes, late payments and building violations
• Communicates with borrowers and visits borrower’s property
• Evaluates member business loan for covenant violations to identify a specific level of risk and/or concern about asset quality
• Performs evaluations of borrowers’ commercial real estate collateral. Recommend if collection activities may need to be escalated to a loan modification or foreclosure.
• Documents all actions and decisions on the watch list or critical asset report
• Performs other duties as needed upon request by immediate manager

Benefits of Joining the Teachers Team: 

We provide a competitive compensation and benefits package that includes, but is not limited to:   

• Paid time off for vacation, personal days, and holidays 
• Fully-funded pension plan 
• 401(k) company contribution 
• Teachers pays 100% of Dental & Vision premium 
• Tuition reimbursement is offered to full-time employees 
• Exclusive employee discount of 0.96% APR on credit card loans and a 1.00% APR on all other loans through Teachers  

The good faith range for this position is $82,500 - $99,150. This range is an estimate, based on potential employee qualifications and operational needs. The salary may vary above and below the stated amounts, as permitted by applicable law. 

All candidates will be subject to a background check, credit check, and drug test to determine employment eligibility. 

To learn more about Teachers and to view a full list of our job opportunities please visit https://www.teachersfcu.org/about/careers 

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