SBA Loan Workout Officer
Company: Banesco USA
Location: Saint Petersburg
Posted on: February 19, 2026
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Job Description:
Job Description Job Description Banesco USA is seeking an SBA
Loan Workout Officer for our SBA Special Assets Business Unit.
Primary Job Duties Responsible for all aspects of managing,
maintaining and selling company owned OREO property at a complex
level for multiple property types, including single family
residences. Assists senior management in evaluating collateral,
loan documentation, and financial information to determine Bank’s
position in current economic environments. Manage problem assets or
loans in a workout capacity, providing resolutions to a diverse
range of complex problems. Analyzes complex financial statements
and tax returns. Responsible for minimizing risk in the portfolio,
including risk ratings, accrual status, TDR status, ASC 310
analysis. Manages foreclosures, negotiates deeds-in-lieu, short
sales, note sales, restructures and modifications. Assists senior
management with negotiations between bank and borrowers and
borrowers’ counsel, and makes necessary judgments based on
conditions presented to protect the bank’s interest and achieve
maximum recovery. Responsible for all income and expense management
for all properties, as appropriate. Liaison to title, escrow, and
foreclosure company relationships, as needed. Responsible for
evaluating and contracting with property management companies, as
appropriate. Responsible for the negotiation and management of
leases, maintenance agreements, HOA’s, listing, sales contracts and
agreements, and all other documents as may be appropriate, in
accordance with company policy and regulation. Responsible for
monitoring and preparing various reports for management. Must
comply with applicable laws and regulations, including but not
limited to, the Bank Secrecy Act, the Patriot Act, and the Office
of Foreign Assets Control, in addition to all company policies Job
Requirements A minimum of 3 years of underwriting, including loan
review and collections experience or a combination thereof. Also
requires a working knowledge of loan restructurings and collection,
bankruptcy and foreclosure laws, along with a general understanding
of legal proceedings. SBA workout experience a plus Bachelor’s
degree in accounting, finance, economics, business administration,
or related field. A significant level of trust, credibility and
diplomacy is required. In-depth dialogue, conversations and
explanations with customers, direct and indirect reports and
outside vendors can be of a sensitive and/or highly confidential
nature. Communications may involve motivating, influencing,
educating and/or advising others on matters of significance.
Typically includes subject matter experts as well as first level to
middle managers. Benefits: Paid Time-Off, Tuition Reimbursement,
Paid Parental Leave, Medical, Dental, Vision, 401k Match; and Life,
Supplemental Insurances, and Short-Term & Long-Term Disability
benefits.
Keywords: Banesco USA, Lakeland , SBA Loan Workout Officer, Accounting, Auditing , Saint Petersburg, Florida
