Loan Workout Officer at Fulton Bank – Mt Laurel, New Jersey

Requisition ID: 2026-23378
Category: Credit Administration
# of Openings: 1
Position Type (Portal Searching): Full-Time
Mount Laurel
Burlington
FLSA Status: Exempt

Value Proposition

Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.

Overview

This is a full-time career opportunity on our Special Assets team that can be hybrid or remote.

Hybrid work location based out of one of our South Eastern PA or Central or Northern NJ work locations.

Remote work location based within the Fulton Bank footprint as follows: PA, NJ, MD, DE, VA, DC.

Business travel will be required.

The primary responsibility of this role is to develop, recommend and implement viable workout plans on the most complex problem commercial loans and commercial mortgages within Fulton Bank. Incumbents in this role will ensure that these accounts are properly monitored for debt repayment or, in the alternative, foreclosure or liquidation of assets to minimize or prevent loss or maximize recovery.

Responsibilities

• Manages a commercial loan and commercial mortgage loan portfolio consisting of the most complex criticized credits by interacting with attorneys, creditors, internal credit and policy officials, lenders and other third parties at the highest levels.
• Develops effective workout plans for commercial loans with established legal bounds in order to shield the organization from potential lender liability.
• Recommends appropriate workout plans on most complex credits which translates into acceptable payments or, in the alternative, moves the account towards foreclosure or liquidation.
• Performs loan reviews of the problem credits with the ability to properly analyze any financial and or documentation issues.
• Evaluates, manages and markets the bank owned property including Other Real Estate Owned, in order to maximize financial return to the bank.
• Consults on deteriorating complex credits, at the recommendation of senior management, loan committee or loan review committee and recommends the appropriate course of action to the officer in handling a problem account.
• Appropriately monitors the progress of workout accounts and recommends any required changes in action necessary to minimize loss or prevent losses.
• Assists the Loan Workout Manager in the monitoring of accounts being handled by Loan Workout Officers II and I as well as management trainees.
• Effectively negotiates with attorneys, debtor companies, and other creditors and lending employees to secure appropriate workout arrangements.
• Recommends accounting changes for nonaccrual and charged off loans.

Qualifications

Education

Bachelor's Degree or the equivalent experience. Specialty: Relevant degree pertaining to the essential duties of this role. (Required)

Experience

5 or more years Bank loan workout. (Required)

Sponsorship Statement

As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.

EEO Statement

Fulton Bank (Fulton) is an equal opportunity employer and is committed to providing equal employment opportunity for all qualified persons. Fulton will recruit, hire, train and promote persons in all job titles, and ensure that all other personnel actions are administered, without regard to race, color, religion, creed, sexual orientation, national origin, citizenship, gender, gender identity, age, genetic information, marital status, disability, covered veteran status, or any other legally protected status.