Loan Workout Manager jobs in Normal, IL

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)

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Manager Trainee - Peoria
  • Tower Loan
  • Peoria, IL FULL_TIME
  • Manager Development Program

    At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectively provide an essential service for customers and become a leader in consumer finance.

    No previous experience is required - we will help you grow your career.

    If you want to work for a company that cares about your career as much as you do, then apply with Tower Loan.

    About Us:

    Tower Loan, one of America’s largest privately owned Consumer Finance companies, has been lending money to our customers for personal loans, home equity loans, and retail sales financing for over 80 years. To learn more about Tower Lower, visit https://bit.ly/3cIWAkt.

    Compensation: Earnings are based on a 45-hour workweek

    • During Training: $38,285 / year (Avg. Annual Earnings) uncapped bonus
    • After Training: $60k - $80k / year (Avg. Annual Earnings and bonus)

    Benefits & Advantages:

    • Skill development & growth opportunities
    • Complete position-based training program
    • Coaching and mentorship
    • Strong hire-from-within policy
    • Competitive salary & unlimited earning potential
    • Comprehensive benefit package
    • Awards, recognition, & appreciation

    Work Hours:

    • The work day begins at 8:15 am; Monday – Friday
    • Overtime and working Saturdays is required based on operational needs
    • As an MT, you will work an average of 45 hours every week
    • Extended office hours can vary based on the size of the branch

    Job Responsibilities:

    • Become proficient in customer service, sales and marketing, finance, and operations
    • Develop long-term customer relationships by listening to customer needs and recommending the best service via phone and in-person
    • Promote additional products to best serve new and existing customers
    • Contact customers regarding payment reminders and arrangements
    • Assist the Branch Manager to exceed established branch goals
    • Learn and provide support in management responsibility duties such as delegating employee workload and analyzing loan documents
    • Become proficient in all aspects of management such as recruitment, staff development, performance management, and leadership

    Required Qualifications:

    • High School degree or equivalent certification
    • Must have a valid driver’s license and reliable vehicle
    • Willingness to relocate upon promotion into management; your preference of relocation is considered, but not guaranteed. (Branch locations: MS, AL, LA, IL, MO, & TX)
    • Employment is contingent upon the successful completion of a background check, drug screening, and credit check.

    #INDHigh

  • 9 Days Ago

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Customer Service Representative - Bloomington
  • Tower Loan
  • Bloomington, IL FULL_TIME
  • Great Opportunity! The heart of Tower Loan lies with our Customer Service Representative! Our representatives provide the best experience to our customers to earn their continued business. At Tower Lo...
  • 24 Days Ago

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Loan consultant
  • Lendigroup
  • Washington, IL FULL_TIME
  • Open your calendars up to a customer base Australia-wide!Lendi's online platform and seamless digital experience means you'll be speaking to customers nationally - regardless of their location - enabl...
  • 20 Days Ago

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Loan Accountant
  • Compeer Financial
  • Bloomington, IL FULL_TIME
  • Loan Accountant Job Category: Accounting Employment Type: Not Indicated Location: IL - Bloomington Email a Friend Save Apply Now Compeer Financial is seeking collaborative, innovative and dynamic prof...
  • 1 Month Ago

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Mortgage Loan Officer/Originator
  • Illinois National Bank
  • Bloomington, IL FULL_TIME
  • Job Description: Summary: Examines, evaluates, and authorizes or recommends approval of customer applications for 1st Mortgage Real Estate loans, HELOC’s, and closed end second mortgages by performing...
  • 24 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Peoria, IL FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. Consumer Loan Sales Speci...
  • 2 Days Ago

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0 Loan Workout Manager jobs found in Normal, IL area

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Shift Leader (Late nights shifts)
  • Insomnia Cookies
  • Normal, IL
  • As a Shift Leader at our ISU store located at 117 E Beaufort ST, Normal IL 61761, you are the captain of our bakery day ...
  • 4/28/2024 12:00:00 AM

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Part Time Licensed Talk Therapist
  • Thriveworks
  • Normal, IL
  • Thriveworks is currently seeking Licensed Clinicians to provide a mix of telehealth and face-to-face sessions in Norm, I...
  • 4/28/2024 12:00:00 AM

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Certified Police Officer - Lateral Hire
  • Town of Normal
  • Normal, IL
  • Job Description Candidates must be currently employed and have two or more years of current service with a law enforcmen...
  • 4/28/2024 12:00:00 AM

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Delivery Specialist
  • O'Reilly Auto Parts
  • Normal, IL
  • The Delivery Specialist will maintain and operate store vehicles to deliver parts and/or products to professional custom...
  • 4/28/2024 12:00:00 AM

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Behavior Technician
  • Lifelong Access
  • Normal, IL
  • Lifelong Access's mission is to connect families and people with developmental disabilities to their community through a...
  • 4/28/2024 12:00:00 AM

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Direct Support Professional, Overnights
  • Lifelong Access
  • Normal, IL
  • Lifelong Access's mission is to connect families and people with developmental disabilities to their community through a...
  • 4/28/2024 12:00:00 AM

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FT Data Entry Associate - Work From Home>
  • Elev8 Events
  • Normal, IL
  • [Administrative Assistant / Fully Remote] - Anywhere in U.S. / Competitive pay and benefits / Travel perks and discounts...
  • 4/28/2024 12:00:00 AM

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Team Member>
  • Jimmy John's
  • Normal, IL
  • Jimmy John's - 207 W North St [Restaurant Associate / Team Member] As a Team Member at Jimmy John's, you'll: Greet custo...
  • 4/28/2024 12:00:00 AM

Normal is a town in McLean County, Illinois, United States. As of the 2010 census, the town's population was 52,497. Normal is the smaller of two principal municipalities of the Bloomington–Normal metropolitan area, and Illinois' seventh most populous community outside the Chicago metropolitan area. Normal's mayor is Chris Koos. The main campus of Illinois' oldest public university, Illinois State University, a fully accredited four-year institution, is in Normal, as is Heartland Community College, a fully accredited two-year institution. There is also a satellite campus of Lincoln College, w...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$138,855 to $217,634
Normal, Illinois area prices
were up 1.3% from a year ago

Loan Workout Manager in Chicago, IL
These loans are financed by Commercial Loan Officers who work alongside these companies to calculate the interest rate and repayment plan.
December 10, 2019
Loan Workout Manager in Louisville, KY
After the underwriting software produces a recommendation, loan officers review the output of the software and consider any additional information to make a final decision.
February 07, 2020
Loan Workout Manager in Greensboro, NC
Participate with Regional Managers and Team Leaders in developing business plans for the loan workout functions.
January 23, 2020