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)
Position Summary
Responsible for preparing loan packages based on receipt of loan worksheets and commitment letters from commercial bankers and retail bankers. Preparation includes accurately completing loan documentation, ordering and reviewing title work, verifying insurance coverage, ordering and/or completing additional external documents (e.g., flood, appraisal, Census Tract, Secretary of State, etc). Also coordinates with loan closing attorneys to ensure timely delivery of loan package.
Essential Duties and Responsibilities (Other duties may be assigned.)
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0 Banking & Commercial Loan Workout Manager jobs found in Columbia, SC area