Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Summary: The Loan Workout Officer is responsible for interacting with all loan officers throughout the bank to ensure proper identification and management of risk in the portfolio. The role is also responsible for reporting to the Chief Credit Officer and Executive Management all pertinent problem loan information, including current loan status, workout strategies and other relevant details.
Salary commensurate with experience, ranging from $140,000 to $160,000 annually. The exact compensation may vary based on relevant experience, skills, education, training, licensure and certifications, and location.
All applicants must attach a recent resume. This is not a remote role.
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0 Commercial Loan Workout Officer jobs found in New Suffolk, NY area