NewtekOne (NASDAQ: NEWT) · 2 weeks ago
Liquidation Officer
USA, 00000
Full-time
Onsite
Mid, Senior Level
$90K/yr - $125K/yrNewtekOne is a financial holding company providing a wide range of business and financial solutions to the SMB market. They are seeking a Liquidation Officer to manage risk mitigation of delinquent US SBA guaranteed loans, overseeing collections, loss mitigation, and loan recoveries while cross-selling additional company products and services.
Financial Services
Responsibilities
Assist and consult with collection and servicing personnel as necessary on newly delinquent loans
Upon instruction from department manager effectuate transfer of delinquent loans to liquidation
Review collateral and loan documentation for newly assigned loans; determine compliance with SBA approvals
Design and implement appropriate collection strategies to limit losses
Analyze borrower's financial position to recommend appropriate course of action such as loan modifications, deferments, settlement or collateral liquidation
Liaise with SBA personnel in each of the Servicing Centers as needed
Prepare bi-weekly status reports for senior management
Responsible for quarterly credit write-up on accounts for management review
Communicate regularly and effectively with delinquent borrowers in order to negotiate best workout options
Interact with and assist other departments to affect the proper servicing on our loans and maintain compliance with the SBA so as to preserve our guaranty
Ability to review and comprehend SBA loan documentation, legal documentation, real property appraisals, equipment appraisals and environmental reports
Direct and manage outside vendors and professionals including attorneys, accountants, brokers, appraisers, auctioneers, etc. to ensure maximum recovery in cost effective manner
Represent the company at trials, mediation, and depositions in all 50 states as applicable
Refer and partner with outside legal counsel to initiate litigation when necessary and oversee all phases of legal proceedings including bankruptcy, foreclosure and replevin actions
Complete the SBA semi-annual status reports properly and timely
Ensure that all loans have SBA approved litigation plans & budgets
Cross Selling other Newtek services to a new or existing customer with the belief that you are creating a partnership and serving the customer by introducing them to additional products or services that assist the business owner in increasing sales, reducing expenses and minimizing risk
Qualification
Required
Computer literate; proficient with Microsoft Office products, i.e. Word, Excel, etc
Excellent attention to detail, follow up and problem solving
Strong analytical, negotiation and organization skills
Keen listening, verbal and written communication skills
Ability to resolve problems with minimal guidance
Experience with PCSF 2000 Loan Manager loan system
Must be familiar with Bankruptcy Code Chapters (7, 11, 13) and must be able to work effectively with outside attorneys
Must be able to correlate varied data, draw conclusions, communicate effectively and make recommendations as needed
Knowledge of foreclosures (judicial, non-judicial, deed-in-lieu of foreclosure, FF&E and corporate stocks) is a must
Firm knowledge of US SBA SOP including liquidation and repurchase process
Working understanding of loan collection, regulations and legal collection process
Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established time frames
Ability to establish and maintain effective work relationships both internally and externally
Commercial loan workout, liquidation, and collection experience a must
Preferred
SBA workout experience is preferred but not required
Formal bank credit training is a plus but not required
Bachelor's degree in Business, Economics or Finance is preferred but not required
Company
NewtekOne (NASDAQ: NEWT)
NewtekOne has helped businesses grow since 1998.
Founded in 1998
201-500 employees
Funding
Current Stage
Public CompanyTotal Funding
$417.08MKey Investors
Patriot Financial Partners
2025-09-16Post Ipo Equity· $10M
2025-08-25Post Ipo Equity· $48.36M
2025-04-23Post Ipo Debt· $184M
Leadership Team
Barry Sloane
Founder, President and CEO
Recent News
GlobeNewswire
2026-01-22
2025-12-01
MarketScreener
2025-12-01
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