Loan Workout Manager jobs in Racine, WI

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 - Waukegan
  • Tower Loan
  • Waukegan, 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

  • 1 Month Ago

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Customer Service Rep
  • Loan Max
  • Kenosha, WI FULL_TIME
  • LoanMax Title Loans Job Description: Our Customer Service Representatives are responsible for assisting potential borrowers and current customers with questions regarding loan products, evaluating veh...
  • 12 Days Ago

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Loan Officer
  • Paramount Residential Mortgage Group
  • Mundelein, IL FULL_TIME
  • Overview PRMG is Built by Originators for Originators. There is a reason why PRMG is consistently voted one of the best places to work. We focus on the areas that make an Originator successful and hav...
  • 17 Days Ago

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Mortgage loan processor
  • HR Value Partners, LLC
  • Lake, IL FULL_TIME
  • North Shore Trust- Mortgage Loan Processor Job Function : Serve as a liaison between the Applicant, Mortgage Loan Officer and the Bank. Responsible for processing mortgage loan applications received f...
  • Just Posted

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Mortgage Loan Originator
  • Fifth Third Bank
  • Crystal, IL FULL_TIME
  • Make banking a Fifth Third betterWe connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.GENERAL FUNCTION:Performs a wide ...
  • Just Posted

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Consumer Loan Specialist
  • Heights Finance Corporation
  • Racine, WI FULL_TIME
  • Overview We service our communities by offering personal installment loans designed to help our customers get the money they need when they need it. The Consumer Loan Specialist assists both new and e...
  • 9 Days Ago

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0 Loan Workout Manager jobs found in Racine, WI area

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Inside Sales Specialist
  • Catholic Financial Life
  • Milwaukee, WI
  • About the job Catholic Financial Life has an exciting opportunity available for an Inside Sales Representative to join o...
  • 4/25/2024 12:00:00 AM

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Investor Relations Associate
  • F Street
  • Milwaukee, WI
  • Company Overview: F Street is an investment firm based in Milwaukee, WI, with a track record of successfully investing i...
  • 4/25/2024 12:00:00 AM

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Paid Search Manager
  • F Street
  • Milwaukee, WI
  • Job Summary: F Street is an investment firm based in Milwaukee, WI, with a track record of successfully investing in var...
  • 4/25/2024 12:00:00 AM

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Kids Clubhouse Team Member Part Time | WAC West Allis - West Allis, WI, 53227 chevron_right
  • Tucci Learning Solutions, Inc.
  • Milwaukee, WI
  • Job Location WAC West Allis - West Allis, WI **Kids Clubhouse Team Member Job Description and Performance Expectations**...
  • 4/25/2024 12:00:00 AM

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Group Fitness Instructor Part Time | WAC Downtown - Milwaukee, WI, 53202 chevron_right
  • Tucci Learning Solutions, Inc.
  • Milwaukee, WI
  • Job Location WAC Downtown - Milwaukee, WI **Group Fitness Instructor Job Description and Performance Expectations** Our ...
  • 4/25/2024 12:00:00 AM

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Mental Health Therapist
  • Counseling Center of Grayslake
  • Waukegan, IL
  • Job Description Job Description Counseling Center of Grayslake is currently seeking a passionate Licensed Mental Health ...
  • 4/23/2024 12:00:00 AM

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Night Auditor $16hr
  • Fairfield Racine
  • Racine, WI
  • Job Summary: Full-time, $16/hr, Weekend availability required. $500 Sign On Bonus - ask for details! The Night Auditor i...
  • 4/21/2024 12:00:00 AM

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Group Fitness Instructor Part Time | WAC Greenfield - , WI chevron_right
  • Tucci Learning Solutions, Inc.
  • Milwaukee, WI
  • Job Location WAC Greenfield - , WI Education Level None **Group Fitness Instructor Job Description and Performance Expec...
  • 4/21/2024 12:00:00 AM

Racine (/rəˈsiːn/ rə-SEEN) is a city in and the county seat of Racine County, Wisconsin, United States. It is located on the shore of Lake Michigan at the mouth of the Root River. Racine is located 22 miles south of Milwaukee. As of the 2010 U.S. census, the city had a population of 78,860, making it the fifth-largest city in Wisconsin. Its median home price of $103,625 makes it one of the most affordable cities in Wisconsin to buy a home. In January 2017, it was rated "the most affordable place to live in the world" by the Demographia International Housing Affordability survey. Racine is th...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$141,322 to $221,500
Racine, Wisconsin area prices
were up 1.8% 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