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: 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 Loan Workout Manager jobs found in New Suffolk, NY area