Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)
Summary of Job Description:
Under general supervision, and in conformance with established Bank policies and procedures, is responsible for providing quality customer service in completing transactions for Bank customers and providing information concerning Bank products and services. Listens to customer needs and refers appropriate solutions. Balances each day’s transactions and verifies cash totals.
Primary Duties & Responsibilities:
Skills and Abilities Required:
Mandatory Requirements:
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