Also referred to as:
Commercial Loan Workout Manager, Loan Restructuring Officer, Problem Loan Restructuring/Resolution Officer
Requirements and Responsibilities
Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. May require a bachelor's degree. Being a Banking & Commercial Loan Workout Manager typically reports to top management. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. Extensive knowledge of department processes. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1 to 3 years supervisory experience may be required.
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