Loan Workout Officer jobs in Pine Bluff, AR

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)

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Commercial Loan Officer III
  • Southern Bancorp
  • Dewitt, AR FULL_TIME
  • Who We Are:

    Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underserved communities, Southern Bancorp combines traditional banking and lending services with financial development tools and public policy advocacy to help families and communities grow stronger. Inspired by the principle that building net worth drives economic opportunity, our mission is to be wealth builders for everyone in the communities we serve, with a focus on low-wealth and un(der)banked populations, as well as an emphasis on Black and Brown individuals.


    Job Summary

    The Commercial Loan Officer III manages a variety of commercial loans in compliance with bank loan policy and regulatory requirements. This position also develops new customer relationships and maintains a positive presence in the local community. This position may supervise loan assistant(s) and/or junior commercial officer(s)


    Responsibilities

    • Maintain a thorough understanding of the loan policy and procedure statement and comply with all provisions.
    • Assist commercial loan customers with the loan application process and ensure the confidentiality of all information provided by applicants.
    • Perform thorough analysis of proposed loan feasibility by analyzing customer’s financial records, cash flow, collateral valuation and credit history. Understand and document the specific purposes of the loan, the source and plan of repayment, and all back-up sources of repayment.
    • Decline or approve loan requests based on sound analysis and bank loan policy.
    • Prepare detailed and organized loan proposals/credit memorandums for all loan approvals. Communicate with customer for additional information as necessary and when loan decisions are final.
    • Make loan referrals to Southern affiliates when appropriate.
    • Complete loan set up sheet for loan documentation staff and assist in obtaining necessary documentation for loan closing.
    • Review and approve loan closing papers.
    • Achieve and maintain required loan portfolio balance and yield as directed by Senior Management.
    • Service loans as needed including making site visits to loan customers to periodically evaluate collateral, checking floor plan loan inventory, and reviewing loan agreement covenants to verify borrower compliance. Monitor loans for credit risk changes and manage past due loan payments, including pursuing collection of past due and charged off loans.
    • Review NSF list and approve customer overdrafts.
    • Review and approve general ledger entries.
    • Supervise loan assistant and/or junior commercial loan officers.
    • Develop new business, maintain professional network, and establish favorable presence in local community by participating in civic organizations and community activities.
    • Participate in a team effort to cross-sell bank and affiliate products and services.
    • Perform any other related duties as assigned.

    Requirements

    • Bachelor's degree in business, accounting, finance or related field or equivalent combination of education and banking experience is required or equivalent combination of related education and experience
    • Six years of commercial lending experience including developing and maintaining loan portfolio.
    • Knowledge of regulatory requirements governing commercial lending.
    • Demonstrated proficiency in banking compliance issues is required.
    • Demonstrated proficiency in real estate and new construction lending is required.
    • Ability to effectively communicate with employees and customers.
    • Ability to achieve loan portfolio goals, establish business relationships and maintain client satisfaction.
    • Must possess and maintain current and valid driver’s license and a vehicle with appropriate insurance coverage.


    Physical/Sensory Requirements:
    Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


    What we offer our employees:

    A positive impact on Your Future:

    • 401(k)/Roth plan with immediate eligibility and employer match up to 6%
    • Employee stock ownership plan
    • Discounted rate on primary home mortgage
    • Credit and housing counseling as well as free financial education tools available to customers and employees

    Benefits to improve your health:

    • No deductible medical insurance plan
    • Dental and vision insurance
    • Employer paid life and long-term disability insurance
    • Flexible Spending Accounts

    The opportunity to nurture your well-being:

    • Paid holidays and paid time off
    • Bonus plan
    • Opportunity for merit raises
    • Employee reward and recognition programs
    • Community service opportunities

    Southern Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, age, sexual orientation, gender identity, gender expression, status as a protected veteran, among other things, or status as a qualified individual with disability. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    As a Community Development Financial Institution, Southern Bancorp desires its workforce to reflect the diversity of the customers and communities that we serve. Racial and ethnic minorities, people from working class backgrounds, women and LGBTQ people are often underrepresented in many financial service industry professions. Therefore, we strongly encourage applications from people with these identities or who are members of other marginalized communities.

  • 3 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Mellwood, AR 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 Special...
  • 20 Days Ago

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Universal Loan Assistant
  • Farmers Bank & Trust
  • Prescott, AR FULL_TIME
  • GENERAL DESCRIPTION OF POSITION The Universal Loan Assistant is responsible for providing assistance to loan officers and customers. This position is accountable for preparation and review of all loan...
  • 24 Days Ago

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Security officer
  • Securitas
  • Bluff, AR FULL_TIME
  • Location : Location : Location : Security Officer( FT, PT, & Flex) in Pine Bluff, AR at Securitas Security Services USA Location Location : Experience : Experience : Not Specified Job Description Secu...
  • 19 Days Ago

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Security officer
  • Securitas, Inc.
  • Camden, AR FULL_TIME
  • Location : Location : Location : Security Officer ( FT, PT, & Flex) in Camden, AR at Securitas Security Services USA Location Location : Experience : Experience : Not Specified Job Description Securit...
  • 19 Days Ago

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Correctional officer
  • Arkansas State Gov
  • Bluff, AR FULL_TIME
  • Arkansas State Gov - DEPARTMENT OF CORRECTION Detention Officer As a Correctional Officer at the State of Arkansas, you'll : Maintain perimeter security from tower by watching for escapees and / or di...
  • 19 Days Ago

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0 Loan Workout Officer jobs found in Pine Bluff, AR area

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Senior Financial Analyst
  • Pactiv Evergreen
  • Pine Bluff, AR
  • Overview: Pactiv Evergreen Inc. (NASDAQ: PTVE) is a leading manufacturer and distributor of fresh foodservice and food m...
  • 3/29/2024 12:00:00 AM

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Remote Licensed Marriage and Family Therapist
  • Headway
  • Pine Bluff, AR
  • Remote Licensed Marriage and Family Therapist (LMFT) Wage: Between $120-$131 an hour Are you a Licensed Marriage and Fam...
  • 3/29/2024 12:00:00 AM

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Local Class A CDL Driver - Lubricants
  • The McPherson Companies
  • Pine Bluff, AR
  • General Summary: The primary responsibility of the Lubes Delivery Agent is to provide our customers with uninterrupted s...
  • 3/29/2024 12:00:00 AM

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Teller II (Float)
  • Centennial Bank
  • Bryant, AR
  • GENERAL DESCRIPTION OF POSITION The responsibility of the Teller II (Float) is to conduct transactions with speed, accur...
  • 3/28/2024 12:00:00 AM

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Finance Special Operations Manager
  • City of Little Rock, AR
  • Little Rock, AR
  • Salary: $79,522.00 - $122,464.00 Annually Location : Little Rock, AR Job Type: Full Time- Regular Position Job Number: F...
  • 3/28/2024 12:00:00 AM

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Senior Relationship Banker
  • Simmons Bank
  • Pine Bluff, AR
  • It's fun to work in a company where people truly BELIEVE in what they're doing! We're committed to bringing passion and ...
  • 3/27/2024 12:00:00 AM

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Financial Aid Specialist
  • SOUTHEAST ARKANSAS COLLEGE
  • Pine Bluff, AR
  • Job Details Level Undisclosed Job Location Southeast Arkansas College - Pine Bluff, AR Remote Type N/A Position Type Ful...
  • 3/26/2024 12:00:00 AM

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Financial Aid Specialist
  • SOUTHEAST ARKANSAS COLLEGE
  • Pine Bluff, AR
  • Job Details Level Undisclosed Job Location Southeast Arkansas College - Pine Bluff, AR Remote Type N/A Position Type Ful...
  • 3/26/2024 12:00:00 AM

Pine Bluff is the tenth-largest city in the state of Arkansas and the county seat of Jefferson County. It is the principal city of the Pine Bluff Metropolitan Statistical Area and part of the Little Rock-North Little Rock-Pine Bluff Combined Statistical Area. The population of the city was 49,083 in the 2010 Census with 2017 estimates showing a decline to 42,984. The city is situated in the Southeast section of the Arkansas Delta and straddles the Arkansas Timberlands region to its west. Its topography is flat with wide expanses of farmland, consistent with other places in the Delta Lowlands....
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$58,864 to $83,044
Pine Bluff, Arkansas area prices
were up 1.2% from a year ago

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