SBA Workout Specialist - Full Time (40 Hrs/Wk)

We know what you're thinking. "What kind of name is IncredibleBank?"

Well, we're glad you asked.

With a name like IncredibleBank, we have a lot to live up to. Our name is a promise we make every day to our customers and to our team members (and hey, that could be you!). A promise that we strive to be incredible in everything we do. A promise that will help our customers, fellow team members, and our communities to do the incredible.

At IncredibleBank, we're all about ICE. What's ICE? ICE stands for Incredible Customer ExperienceTM (that's right - an experience so good and so important we trademarked it). ICE illustrates the core values that drive everything we do - how we conduct business, how we treat each other, and how we continuously strive to build on our model of customer-focused banking. Our core values have been in place for more than 50 years and continue to influence every aspect of our operation today.

So - how can you help us live up to our name?

About the Role:

We are eager to discuss the prospect of you joining our team as our next incredible team member!

This position allows you to partner with other team members and key stakeholders to provide Incredible Customer Experiences of your own!

Duties and responsibilities may include:

• Responsible for managing SBA watch credits within the portfolio, including early warning and classified credits, as well as liquidating problem credits. This position requires advanced knowledge of SBA SOP lending principles, practices, and procedures, along with a solid understanding of business lending compliance rules and regulations.
• Analyzes and reviews watch list business relationships to identify issues and develop strategies to maximize recovery, reduce losses, and ensure effective loan restructuring.
• Collaborates with senior leadership to provide reports and updates on portfolio issues.
• Prepares documentation for SBA repurchase request of loans sold on secondary market.
• Underwrites credit actions that maximize credit quality and minimize risk.
• Services all types of government-guaranteed loans to ensure compliance with Bank/SBA policies.
• Monitors the SBA portfolio for delinquencies and initiates legal action as necessary.
• Completes SBA file reviews and annual reviews on existing SBA watch credit loans.
• Prepares loan presentations and cash flow analysis for servicing requests on SBA watch credit loans.

This is a regular full-time, salaried exempt position, averaging approximately 40 hours/week. Schedule may vary between the hours of 8:00 am to 5:30 pm CDT Monday through Friday.

This position is remote eligible. Individuals may choose to work from a designated home office space or can work on-site at one of our IncredibleBank branch locations.

About You:

You do what is right over what is easy. You don’t settle for good enough. You’re driven to learn and grow. You recognize your impact on the customer experience, regardless of your role. Those attributes are just a few things our incredible employees have in common.

And, we’d be so excited to learn a little more about you and discuss your interest in joining our team! Our recommended and preferred qualifications are:

• A four-year degree from an accredited University in a related field or a combination of education and experience related to business lending, processing and compliance required.
• 5+ years of related experience with SBA lending preferred.
• 2+ years of SBA workout experience and legal documentation knowledge required.
• Experience with Chapter 7, 11, and 13 bankruptcies required.
• Ability to communicate in a professional manner via multiple forms of media.
• Ability to effectively present information and respond to inquiries in a professional and timely manner.

About Our Benefits and Compensation:

Our promise of ICE extends to our employees as well. Our employees are our greatest asset, and we strive to show our appreciation by offering top-tier benefits and, dare we say, more than competitive compensation that we’re willing to discuss up front.

And we are constantly evaluating and improving our benefits. In fact, eligible employees receive over 30 days off per calendar year! That includes 18 days of PTO to begin, PLUS an Anniversary Holiday, Birthday Holiday, Wellness Holiday, and 12 observed Bank Holidays.

Check out our total rewards package at: https://www.cbmicrosite.com/incrediblebank

About the Company:

IncredibleBank first started in 1967 as River Valley Bank with a single location in Rothschild, WI. And we may have strong roots in community banking, but IncredibleBank wasn’t awarded as one of America’s Most Innovative Banks by the Independent Community Bankers of America for our popcorn Fridays. Though we do love free popcorn...

We strive to stay on the leading edge of banking technology with the goal providing the best, simplest way for our customers across the country to do their banking. But if our customers need us, they can pick up the phone and talk to a real person. And that’s what makes us America’s first national online community bank. And who doesn’t love the idea of a national community?

Today, IncredibleBank is a $2.0 billion-asset institution that has grown to 17 brick-and-mortar locations with customers in all 50 states. But we know that as an employer, it’s less about size than it is about culture. That’s why we’re especially proud to have been certified as a Great Place to Work.

Learn more about our Great Place to Work engagement results here: https://www.greatplacetowork.com/certified-company/7022621