Loan Workout Manager
Loan Workout Manager manages a team responsible for restructuring loans. Oversees the design and implementation of loan workout plans. Being a Loan Workout Manager develops strategies to assist lenders and borrowers in restructuring loan terms, securing collateral/assets, and facilitating settlements. Ensures all actions are compliant with federal, state, investor, and company guidelines. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a director. The 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. To be a Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes.
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