Loan Workout Officer restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer typically requires 0-2 years of related 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 Officer jobs found in New Suffolk, NY area