Banking & Commercial Loan Workout Manager jobs in Yakima, WA

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 Coordinator
  • WaFd Bank
  • Wenatchee, WA FULL_TIME
  • Min

    USD $42,500.00/Yr.

    Max

    USD $70,000.00/Yr.

    Job Summary

    The Loan Coordinator will work with Commercial Loan Processing, Relationship Officers, Relationship Managers, Directors and Division Managers to obtain necessary documents from clients to prepare a complete and accurate set of loan documents. The level of experience varies based on prior work experience, both inside and outside of the Company.

     

    Loan Coordinators provide operational support to Commercial Banking Officers in the ongoing management of WaFd Bank's portfolio of commercial loans as it relates to loan origination and funding, construction draw administration, compliance monitoring, regulatory adherence, collateral perfection, recordation and valuation, as well as general loan administration.

     

    WaFd Bank is proud of the high value that we all place on simply being kind when serving our co-workers and clients.

    • Builds and maintains productive relationships with existing clients.
    • Prepares correspondence to prospective clients.
    • Initiates credit and title reports, and appraisal orders for review by the Department.
    • Responsible for processing and closing loans according to the Bank's policies and procedures and regulatory guidelines.
    • Participates in business development and referral activities.
    • Coordinates with Commercial Loan Processing to provide all required loan documents necessary to perfect our security interest, as required by Credit Administration.
    • Delivers excellent customer service to the internal customers in the execution of all assigned business processing duties and within service level standards.
    • Opens escrow with title/escrow companies and sets up escrow files; orders payoffs.
    • Coordinates and facilitates initial loan booking/funding; reviews and approves loans and documents and resolves any title or other issues prior to loan closings
    • Coordinates with in-house experts or outside legal counsel on technical transactions.
    • Sets up the loan file, including preparation of loan documentation.
    • Coordinates closing with the escrow company.
    • Prepares boarding instructions.
    • Follows up on funding requirements and on any post-closing required loan documentation.
    • Follows the Bank's Information Security policies, ensuring that all customer information and confidential bank information is processed and handled in a secure manner and environment.
    • Completes special projects, as assigned by Manager.
    • Provides administrative and operational support to lending personnel, including clerical duties, related to loan closing and funding, weekly construction draw administration with subsequent loan advances and borrowing base tracking.
    • Responsible for loan (relationship) exception tracking, identifying, curing and evidencing with proper file documentation.
    • Manages local online file storage and document management (i.e., OnBase).
    • Maintains corresponding insurance files for all borrowers and loans (including, but not limited to, Builder's Risk and General Liability policies).
    • Assists with field audits as it relates to collateral monitoring, as requested.
    • Reviews and balances HUD-1 closing statements for verification of accuracy; approves funding disbursements and initiates initial funding wires, etc.
    • Reconciles, verifies and implements monthly unit interest billings for applicable Guidance Lines of Credit.
    • Prepares annual property tax payment audit.
    • Reviews, balances and maintains record-keeping for all legal and professional billings, including timely submission for payment, and obtaining appropriate approval documentation for all expenditures.
    • Facilitates recommendations to divisional management for policy inconsistencies and recommended revision implementation.
    • Communicates status of loan portfolio to management, including level of exception reporting, past due collections and loan maturity management.
    • Oversees daily teller drawer; loan disbursement balancing and management.
    • Adheres to all regulatory policies including BSA, CIP, IT, etc.

    Qualifications

    Education/Skills/Training:

    • Bachelors Degree, or High School equivalent plus relevant experience
    • A strong understanding of business lending terminology is required.
    • Ability to comprehend business loan supporting data and related data, including appraisals, environmental reports, title reports, borrower structures, leases.
    • Ability to organize and prioritize work assignments in a consistent manner to ensure timely and efficient production.
    • Ability to deal effectively and professionally with internal and external customers.
    Experience:
    • Preferred three years of experience in business loan processing and documentation.

    Benefits

    At WaFd Bank you get all of these great benefits!

    • Paid time off for vacation, sick days and holidays
    • Health insurance
    • Stock options
    • Bonus programs
    • Generous 7% 401(k) employer matching*
    • Paid Parental Leave
    • Life and AD&D insurance
    • Long-term disability
    • Tuition Reimbursement
    • Employee assistance programs
    • Pre-tax health and dependent-care spending plans

    WaFd Bank Benefits Summary - Click here for more information

    EEO Statement

    EEO is The Law - click here for more information

    Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

    We are committed to Equal Employment Opportunity and Affirmative Action.  We recruit, hire, train and promote persons in all job titles and ensure that all other personnel actions are administered without regard to race, religion, color, national origin, citizenship, sex, sexual orientation, gender identity, age, veteran status, disability, genetic information, or any other protected characteristic.  WaFd Bank is committed to providing reasonable accommodations to employees and applicants with disabilities to the full extent required by the Americans with Disabilities Act (ADA).  If you feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 800.324.9375.

    Know Your Rights: Workplace Discrimination is Illegal - click here for more information

    Pay Transparency Nondiscrimination Provision - click here for more information

    WaFd Bank Benefits Summary - click here for more information

    Requisition Post Information* : Posted Date

    2/14/2024
  • 6 Days Ago

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Commercial Loan Officer
  • Wheatland Bank
  • Wenatchee, WA FULL_TIME
  • About The RoleNorth Cascades Bank, is seeking a Commercial Loan Officer to be an integral part of our team. The Commercial Loan Officer develops new commercial loan business and manages a portfolio of...
  • 1 Month Ago

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Commercial Loan Officer
  • Glacier Bancorp, Inc.
  • Wenatchee, WA FULL_TIME
  • About The RoleNorth Cascades Bank, is seeking a Commercial Loan Officer to be an integral part of our team. The Commercial Loan Officer develops new commercial loan business and manages a portfolio of...
  • 1 Month Ago

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Business Banking Relationship Manager
  • U.S. Bank National Association
  • Yakima, WA FULL_TIME
  • At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succee...
  • 14 Days Ago

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Store Manager 3
  • Commercial Tire Inc
  • Yakima, WA FULL_TIME
  • Commercial Tire is looking for a Store Manager for our Yakima location. Our application process is two parts. Please start here and complete the questionnaire. When complete, return to this page and c...
  • 3 Days Ago

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Commercial Portfolio Manager
  • Columbia Bank
  • Yakima, WA FULL_TIME
  • Description Umpqua Bank is a publicly traded financial holdings company, headquartered in the Pacific Northwest with 6,000 employees, which offers banking services to customers throughout the nation. ...
  • 11 Days Ago

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0 Banking & Commercial Loan Workout Manager jobs found in Yakima, WA area

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Machine Operator 1- TSO- LTI
  • Loram
  • Yakima, WA
  • Job Title: Machine Operator 1 FLSA Status: Non-Exempt Department: Operations Reports to: Assistant Manager, Superintende...
  • 3/19/2024 12:00:00 AM

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Truck Care Diesel Technician
  • Loves Travel Stops & Country Store
  • Ellensburg, WA
  • Req ID: 430788 Address: 1512 Hwy 97 Ellensburg, WA, 98926 Welcome to Love’s! Where People are the Heart of Our Success D...
  • 3/19/2024 12:00:00 AM

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Assistant Project Manager
  • Gulfstream SP
  • Yakima, WA
  • Job Description Job Description Benefits: 401(k) 401(k) matching Competitive salary Dental insurance Health insurance Op...
  • 3/18/2024 12:00:00 AM

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BAS Assistant Project Manager
  • Gulfstream SP
  • Yakima, WA
  • Job Description Job Description Benefits: 401(k) 401(k) matching Competitive salary Dental insurance Health insurance Op...
  • 3/17/2024 12:00:00 AM

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Commercial Sales Manager
  • AutoZone, Inc.
  • Toppenish, WA
  • The Commercial Sales Manager is responsible for driving the commercial sales within their AutoZone location. The CSM dev...
  • 3/16/2024 12:00:00 AM

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SURFACE MAINTENANCE MECHANIC
  • Army National Guard Units
  • Yakima, WA
  • Summary This is a Washington Army National Guard Title 32 Excepted Service Bargaining Unit Technician position: SURFACE ...
  • 3/15/2024 12:00:00 AM

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HVAC Lead Installer
  • Chelan Valley Heating And Cooling
  • Yakima, WA
  • Job Description Job Description HVAC Lead Installer IMPORTANT: This job is located in Manson, WA 300 S Quetilquasoon Rd ...
  • 3/15/2024 12:00:00 AM

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Light Commercial HVAC/R Service Technician
  • coolsys
  • Yakima, WA
  • Description With over 150 years of experience, CoolSys is the market-leading indoor environment solutions company. Our f...
  • 2/5/2024 12:00:00 AM

Yakima (/ˈjækɪmɑː/ or /ˈjækɪmə/) is a city in and the county seat of Yakima County, Washington, and the state's eleventh-largest city by population. As of the 2010 census, the city had a total population of 91,067 and a metropolitan population of 243,231. The unincorporated suburban areas of West Valley and Terrace Heights are considered a part of greater Yakima. Yakima is about 60 miles (100 kilometers) southeast of Mount Rainier in Washington. It is situated in the Yakima Valley, a productive agricultural region noted for apple, wine and hop production. As of 2011, the Yakima Valley produc...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$168,982 to $242,847
Yakima, Washington area prices
were up 2.9% from a year ago

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