Banking & Commercial Loan Workout Manager jobs in Hartford, CT

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)

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Commercial Loan Officer
  • New Silver
  • West Hartford, CT FULL_TIME
  • Commercial Real Estate Loan Officer (Specializing in Construction and Fix and Flip Lending)
    Location: Hybrid, within driving distance to CT
    Salary: On target earnings (base plus commission) of $150,000 to $200,000 annually depending on performance and experience

     

     

    New Silver is a fintech company dedicated to improving local communities by providing fast, convenient, and flexible capital to real estate investors. Our mission is driven by data and technology, enabling us to deliver swift approvals and execution while delivering exceptional customer service throughout our clients' journey. 

    As a fully remote and globally located company, we prioritize innovation and encourage fresh ideas to achieve our goal of becoming the fastest lender in the US. At New Silver, we embrace the motto "Financing Outside the Box" and invite you to join our dynamic team in leading the charge for real estate investors into the future.

    Position Overview:

    We are seeking an experienced Commercial Real Estate Loan Officer who specializes in construction and fix and flip lending. As a Loan Officer, you will play a pivotal role in our lending operations, contributing to the growth of our business by originating and closing commercial real estate loans. Your expertise in construction and fix and flip lending will be crucial in assessing loan applications, explaining the New Silver value proposition, analyzing collateral, and structuring deals that align with our risk appetite. Additionally, your ability to provide exceptional customer service and build strong relationships with borrowers and partners will be key to your success in this role.

    Responsibilities:

    • Originate and underwrite commercial real estate loans, specializing in construction and fix and flip lending with a targeted production of $5M in closed and funded loans per month.
    • Conduct thorough analysis of loan applications, applicant credential and investment history, credit reports, and other relevant documents to assess creditworthiness and determine loan eligibility.
    • Evaluate collateral properties to determine their market value, condition, and potential risks.
    • Structure loan transactions, including loan terms, interest rates, fees, and repayment schedules, while adhering to company policies and risk guidelines.
    • Collaborate with borrowers, real estate investors, brokers, and other stakeholders to gather necessary information, address inquiries, and provide guidance throughout the loan process.
    • Maintain a high level of customer service by proactively communicating with borrowers, providing regular updates on loan progress, and addressing any concerns or issues.
    • Manage a pipeline of loan applications, ensuring timely follow-up and adherence to closing timelines. Manage a high-touch role while remaining accountable to productivity metrics and KPIs .
    • Stay updated on industry trends, regulations, and market conditions related to commercial real estate lending, particularly in the hard money and private money space.
    • Contribute to the continuous improvement of loan origination processes, systems, and strategies to enhance efficiency and productivity.
    • Build and nurture relationships with potential borrowers, referral partners, and industry professionals to generate new business opportunities.

     

    Qualifications:​​​​

    • Bachelor's degree in finance, business administration, or a related field (or equivalent work experience).
    • Minimum of 3 years of experience as a Commercial Real Estate Loan Officer, with a specialization in commercial or construction lending.
    • In-depth knowledge of commercial real estate lending principles, practices, and regulations.
    • Proven track record of successfully originating and closing hard money and private money loans.
    • Strong financial analysis and underwriting skills, with the ability to assess creditworthiness and collateral risks.
    • Excellent communication and interpersonal skills to effectively collaborate with borrowers, partners, and internal teams.
    • Ability to thrive in a fast-paced, remote work environment and adapt to changing priorities.
    • Self-motivated and driven to meet and exceed lending targets while maintaining quality standards.
    • Proficient in using loan origination systems, CRMs, and other relevant software.
    • Relevant certifications or licenses in real estate lending (e.g., NMLS) is a plus.

     

    Benefits:

    • Work from home, flexible hours.
    • Be a key member of a small team.
    • Fast paced startup environment, global team
    • Get together with your co-workers around the globe, with all expenses paid for.
    • Help real people succeed in business.
    • 100% health, dental and life insurance covered by employer.
    • 401K match.

     

    Environment and Culture:

    • Effort that delivers outcomes deserves to be rewarded.
    • Drive for growth.
    • Available and responsive.
    • Global team of self-starters.
    • Move fast, be nimble, stay humble and bend but don't break.
    • We are proud to help communities rebuild.

     

    Join our team at New Silver and play a vital role in revolutionizing the real estate lending industry. Apply your expertise in hard money and private money lending to help us provide fast, flexible, and innovative solutions to real estate investors. Be part of our global team and contribute to our mission of improving local communities through accessible capital.

  • 18 Days Ago

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Field Reimbursement Manager
  • Syneos Health Commercial Solutions
  • Hartford, CT FULL_TIME
  • Description You are an expert facilitator: you open doors, foster communication, and bridge the gap. The Field Reimbursement Manager will be responsible for the management of defined accounts in Urolo...
  • 3 Days Ago

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Skin Care District Sales Manager
  • Syneos Health Commercial Solutions
  • Hartford, CT FULL_TIME
  • Description You have what it takes: a competitive drive coupled with exceptional sales ability. In this role, you will be an integral part of a sales team developing and managing an assigned territory...
  • 22 Days Ago

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Field Reimbursement Manager
  • Syneos Health/ inVentiv Health Commercial LLC
  • Hartford, CT FULL_TIME
  • Description You are an expert facilitator: you open doors, foster communication, and bridge the gap. The Field Reimbursement Manager will be responsible for the management of defined accounts in Urolo...
  • 7 Days Ago

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Commercial Refrigeration Service Technician
  • A-Tech Commercial Parts and Service
  • Windsor, CT FULL_TIME
  • Commercial Refrigeration Service Technician Overview A-Tech Commercial Parts & Service is hiring a Commercial Refrigeration Service Technician in Windsor, CT responsible for troubleshooting, diagnosin...
  • 4 Days Ago

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Commercial Property Manager
  • METRO PROPERTY MANAGEMENT
  • Glastonbury, CT FULL_TIME
  • METRO PROPERTY MANAGEMENT is looking for a Commercial Property Manager to join our team in Glastonbury, CT.Position Summary:Metro Property Management, LLC is growing, and we are looking for a leader w...
  • 3 Days Ago

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0 Banking & Commercial Loan Workout Manager jobs found in Hartford, CT area

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Head of Project Management Office
  • Connecticut Innovations
  • Hartford, CT
  • Come join one of our portfolio companies - Covr!! Role includes equity! https://covrtech.com Looking for someone to be o...
  • 3/28/2024 12:00:00 AM

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Floating General Manager - District 2115
  • Advanceautoparts
  • Plainfield, CT
  • Location: Location: Floating General Manager - District 2115 in Plainfield, CT at Advance Auto Parts **Location:** **Car...
  • 3/28/2024 12:00:00 AM

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Bridge & Structures Project Manager
  • Parsons Commercial Technology Group Inc.
  • Hartford, CT
  • In a world of possibilities, pursue one with endless opportunities. Imagine Next! When it comes to what you want in your...
  • 3/28/2024 12:00:00 AM

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Multi-Unit Region Manager Trainee
  • Orkin
  • Hartford, CT
  • Overview: Were the Industry Leader Because of Leaders Like You. When youre an Orkin Manager, youre the leader cultivatin...
  • 3/28/2024 12:00:00 AM

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Associate Director, Publishing (USA-Remote)
  • Careerbuilder
  • Hartford, CT
  • Wolters Kluwer Associate Director, Publishing (USA-Remote) Hartford , Connecticut Apply Now The Associate Director is a ...
  • 3/27/2024 12:00:00 AM

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Industrial Commercial Project Manager
  • Henry General Contractors, Inc.
  • West Hartford, CT
  • Job Description Job Description Commercial Construction Project Manager - Springfield, MA $85,000 - $100,000/YR Dependin...
  • 3/27/2024 12:00:00 AM

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Field Manager
  • Amerigas Propane Inc.
  • Hartford, CT
  • When you work for AmeriGas, you become a part of something BIG! Founded in 1959, AmeriGas is the nations premiere propan...
  • 3/24/2024 12:00:00 AM

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Solutions Director- Northeast Remote
  • CBRE
  • Hartford, CT
  • Solutions Director- Northeast Remote Job ID 147965 Posted 11-Mar-2024 Service line GWS Segment Role type Full-time Areas...
  • 3/24/2024 12:00:00 AM

Hartford is the capital city of Connecticut. It was the seat of Hartford County until Connecticut disbanded county government in 1960. The city is nicknamed the "Insurance Capital of the World", as it hosts many insurance company headquarters and is the region's major industry. It is the core city in the Greater Hartford area of Connecticut. Census estimates since the 2010 United States Census have indicated that Hartford is the fourth-largest city in Connecticut, behind the coastal cities of Bridgeport, New Haven, and Stamford. Hartford was founded in 1635 and is among the oldest cities in th...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$181,342 to $260,609
Hartford, Connecticut area prices
were up 1.7% from a year ago

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