Also referred to as:
Commercial Loan Workout Senior Manager, Loan Restructuring Senior Manager, Loan Workout and Recovery Senior Manager, Problem Loan Restructuring/Resolution Officer
Requirements and Responsibilities
Loan Workout Senior Manager directs and manages a team responsible for restructuring loans. Oversees the design and implementation of loan workout plans. Being a Loan Workout Senior 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 Senior Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a director. The Loan Workout Senior Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. To be a Loan Workout Senior Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
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