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)
The Workout / Collections position is responsible for accurately and efficiently managing Loan Collections, developing payment plans for Non-performing Loans and developing asset disposition plans for Oreo properties. The Workout / Collections must possess and demonstrate good organizational skills to ensure the completion of all required tasks and the maintenance of the files related to loan collections, non-performing loans, and Oreo properties. They must comply with all Bank policies and procedures, as well as all applicable state and federal banking regulations.
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We offer medical benefits, dental benefits, life insurance, 401K, paid vacation, personal and sick days.
Parke Bank is an Equal Opportunity Employer and participates in E-Verify.
Job Type: Full-time
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Work Location: In person
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