Banking & Commercial Loan Workout Manager jobs in Albany, GA
Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. 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. To be a Banking & Commercial 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. (Copyright 2024 Salary.com)
Recently Added Banking & Commercial Loan Workout Manager jobs
Commercial Account Manager - Hybrid/ Remote work Model
- Insurance Office of America
-
Albany, GA
FULL_TIME
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*** This is a Hybrid/ Remote Work Model based out of our Jacksonville, FL office***
Title: Account Manager - Commercial Lines
Welcome to Insurance Office of America – one of the nation’s largest and premier privately held insurance agencies! Recognized as a Top Workplaces USA Award winner, IOA’s commitment to both a rewarding culture and employee satisfaction is unwavering. Prioritizing a strong work/life balance, personal and professional growth, competitive benefits, and giving back to our community aren’t just clichés here – they’re a part of who we are. With a growing workforce and over 60 office locations across the US and Northern Ireland, we can confidently serve our clients with an unmatched standard of excellence.
Want to learn more? Complete the application below and one of our talented recruiters will be ready to answer any other questions you may have.
Job Summary
Working in conjunction with Account Executive (AE) or Producer and following established industry and company guidelines; responsible for managing an assigned book of business; increasing account retention and new business support; and meeting all performance requirements regarding production, quality, and ensuring that no liability associated with errors and omissions occur. Responsible for strategic coordination and execution of day- to-day administrative and customer service activities for assigned accounts, and capable of resolving complex customer service problems, showing the ability for critical thinking and thought process in taking the next step in the best interest of the client, carrier partner and IOA.
What You’ll Do:
- Maintain high degree of technical competence and industry/market expertise
- Exercise discretion and independent judgment to ensure beneficial outcomes for clients and IOA
- Direct day-to-day activities and workflow assigned to administrative, customer service and/or account management team which includes delegation and prioritization of assignment/task, communication on performance expectations, and monitoring execution to ensure performance requirements and timelines are met
- Assist in monitoring team performance to ensure productivity, efficiency, quality, and service standards are met, recommending corrective actions to Management when appropriate
- Management and execution of a variety of customer service and value-added service requests/inquiries including but not limited to: account activity; policy administration and insurance placement; billing activity; claims administration; coverage/loss analysis; contract review for insurability; review policy forms and endorsements; review audits; identify errors and facilitate corrective actions; Certificates of Insurance; Evidences of Property; and Cancellation/Reinstatements
- Manage policy expirations for existing clients and works proactively to ensure appropriate actions are taken to facilitate renewals and ensures all new and renewal insurance policies are bound, billed and issued accurately and delivered to the Client/Insured within required timeframe
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Manage policy renewal process in conjunction with AM, AE and/or Producer, including but not limited to:
- Conducting client research and gathering complete underwriting information
- Conducting Loss Run Analysis
- Preparing complete and accurate submissions including Acord applications and/or supplemental forms; sending out to market and/or performing Online Rating as required
- Evaluating and negotiating coverages and pricing
- Preparing and presenting Proposals
- Binding coverage and complying with any subjectivity(ies) as required by carrier, Surplus Lines Association and/or IOA
- Preparing and executing Premium Finance Agreements, when applicable
- Diligent follow up for Policy Issuance
- Review all policies, identifying and notifying AE or Producer of any discrepancies and ensuring that all necessary changes are submitted to and issued by the carrier
- Maintaining accurate and complete policy transaction detail, schedules and Summaries of Insurance
- Monitor Accounts Receivables reports and take action on any delinquent accounts along with collecting outstanding balances due
- Maintain agency management system, other agency supported systems and carrier/vendor online platforms, ensuring all data entered is complete, clearly presented and well-documented, accurate, and up-to-date
- Monitor and maintain activity/suspense, taking necessary action to ensure completion within required time frame
- Maintain frequent, transparent communication with account team regarding individual and team client service and policy administration activities, ensuring that the AE, Producer and/or Management is fully informed of workload status, questions, concerns and/or any errors, discrepancies or changes as it relates to the account and their insurance policies and facilitates appropriate/corrective actions
- Deliver excellent service at all times, including proactively anticipating needs, maintaining frequent and professional communication, and responding quickly to service requests
- Continually stay abreast of all company policies and procedures to ensure good knowledge, execution and compliance of standard operating procedures
- Continually seek to improve individual and team performance, including identifying, communicating and adopting best practices
- Live and champion IOA core values at all times, demonstrating the highest level of personal character, integrity, and servant leadership
- Regular and consistent attendance is expected, and a necessary component to the job
- Perform other duties as assigned
What We’re Looking For:
3 years of account management experience; or 5 years related experience in the insurance industry Has a through working knowledge of insurance brokerage business and assigned clients’ needs All required active licensing At least one professional designation preferred, such as CIC or equivalent Strong analytical, problem solving and decision making skills Exceptional customer service skills Excellent multi-tasking, organizational, and prioritization skills Outstanding verbal/written communication skills Ability to perform large work volumes with high degrees of accuracy and attention to detail PC proficiency, including basic knowledge of MS Office products, including Outlook, Word and Excel Exceptional personal character High School Diploma (or equivalent)
What We Offer:
- Competitive salaries and bonus earning potential
- Great benefits, including company paid health insurance
- Paid time off for holidays, vacations, and sick time
- 401K with an employer match
- Participation in our employee stock plan
- Opportunities for professional growth and career progression
- A culture that emphasizes respect for every individual
- Company commitment to work/family life balance and community service
- Teammates who share your drive for excellence
- Knowing every day you are helping our clients protect their families and businesses
Still wondering if IOA is the right fit for you?
- If you want to feel the significance of knowing your efforts have been both recognized, appreciated and rewarded, then IOA is right for you.
- If you want to feel valued and have a real influence towards the continued success of your organization, then IOA is right for you.
- If you want to feel the peace of knowing that you’ve made the best decision of your professional life, then IOA is right for you.
- 27 Days Ago
HVAC Service Technician
- Helios Commercial Service Partners
-
Albany, GA
FULL_TIME
- HVAC/R Service Technicians provide diagnostics, service, repair, maintenance & installation for various brands of light commercial HVAC/R equipment. Our technicians make quality repairs in a timely ma...
- 1 Month Ago
Consumer Loan Sales Specialist
- OneMain Financial
-
Leesburg, GA
FULL_TIME
- At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. Consumer Loan Sales Speci...
- 1 Month Ago
Commercial Banker
- Ameris Job Board
-
Douglas, GA
FULL_TIME
- Ameris Bank is a purpose-driven company, dedicated to bringing financial peace of mind to communities, one person at a time. Whether a customer wants to grow their business, buy a home, or feel confid...
- 16 Days Ago
Commercial Plumber
- Performance Personnel Services of Pensacola
-
Albany, GA
FULL_TIME
- We are actively seeking Commercial Plumbers well versed in commercial, residential, and government projects. We are looking to fill positions in Baldwin County AL, Florida Panhandle and South Georgia....
- Just Posted
Commercial Lender
- The First Bank
-
MOULTRIE, GA
OTHER
- Job Details Job Location: MOULTRIE BRANCH - MOULTRIE, GA Salary Range: Undisclosed DescriptionJob Summary: Manages and develops consumer loan accounts, which meet the established lending requirements ...
- 9 Days Ago
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0 Banking & Commercial Loan Workout Manager jobs found in Albany, GA area
Sales and Service Technician
- ProLift Garage Doors
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Albany, GA
- PROLIFT GARAGE DOOR OF ALBANYPro Lift Garage Doors has been repairing and replacing overhead garage doors for the past 4...
- 4/24/2024 12:00:00 AM
Outside Security Sales Consultant
- Mypreventia
-
Albany, GA
- Preventia Security Outside Security Sales Consultant Albany, GAFull time Apply for Outside Security Sales Consultant We ...
- 4/23/2024 12:00:00 AM
Plumbing Supervisor
- Comfort Systems USA Southeast
-
Albany, GA
- This position is responsible for overseeing multiple commercial plumbing construction projects and will be managing proj...
- 4/22/2024 12:00:00 AM
Medical Device Process Technology Specialist
- Angelini Pharma US
-
Albany, GA
- The Medical Device Process Technology Specialist provides manufacturing and technology support to the Albany ThermaCare ...
- 4/22/2024 12:00:00 AM
Production Operations Supervisor
- Angelini Pharma US
-
Albany, GA
- Job Summary This position reports to the Site Operations Leader and is responsible for ensuring their team delivers all ...
- 4/22/2024 12:00:00 AM
Foreman - Concrete - DAILY per diem if traveling
- Solid Source Foundation
-
Albany, GA
- Job Description Job Description Foreman - Concrete - DAILY per diem if traveling from out of the area! This job will be ...
- 4/22/2024 12:00:00 AM
Medical Device Process Technology Specialist
- Angelini Pharma Us
-
Albany, GA
- The Medical Device Process Technology Specialist provides manufacturing and technology support to the Albany ThermaCare ...
- 4/20/2024 12:00:00 AM
Commercial Sales Manager
- AutoZone, Inc.
-
Albany, GA
- The Commercial Sales Manager is responsible for driving the commercial sales within their AutoZone location. The CSM dev...
- 4/20/2024 12:00:00 AM
About Albany, Georgia
Albany is a city in the U.S. state of Georgia. Located on the Flint River, it is the seat of Dougherty County. Located in southwest Georgia, it is the principal city of the Albany, Georgia metropolitan area. The population was 77,434 at the 2010 U.S. Census, making it the eighth-largest city in the state.
It became prominent in the nineteenth century as a shipping and market center, first served by riverboats and then by railroads. Seven lines met in Albany, and it was a center of trade in the Southeast. It was part of the Black Belt, the extensive area in the Deep South of cotton plantations....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$150,877 to $216,823
Albany, Georgia area prices
were up 1.5% from a year ago
were up 1.5% from a year ago
What does a Banking & Commercial Loan Workout Manager do?
Banking & Commercial Loan Workout Manager in Columbia, SC
Organizations usually prefer managers who can adapt their skills to different situations.
December 03, 2019
Banking & Commercial Loan Workout Manager in Troy, NY
High priority always comes first As Banking Commercial Loan Workout Manager.
February 14, 2020
Banking & Commercial Loan Workout Manager in Petersburg, VA
There are four different levels of loan workout officers.
January 19, 2020