Banking & Commercial Loan Workout Manager jobs in Detroit, MI
Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Recently Added Banking & Commercial Loan Workout Manager jobs
Commercial Specialized Loan Analyst
- Comerica Bank
-
Livonia, MI
FULL_TIME
-
Syndications Loan AnalystWe are seeking team-oriented Syndicated Loan operations candidates to join our team. The ideal candidate should understand the syndicated loans business and loan operation processing. Our syndicated operations professionals help build and handle the syndicated loan products, processes, and services. The candidate will be expected to liaise with internal business partners & clients across all areas within the bank's organization.The Syndication team is a highly visible team serving as the primary day-to-day processing contact for the bank's Syndicated/ Sold Loans business which is the largest lending portfolio of the bank. Each staff owns his/her individual portfolio of borrower clients (30-40), whom they service daily. The team also works closely with Capital Markets, Relationship Managers, Group Leaders, Lending Assistants, and Corporate Risk, amongst others. The primary responsibility of this role is to ensure that all required financial and administrative transactions/financial postings are appropriately reflected in the Banks systems (AFS) and records on an accurate and timely basis for both the customer and member banks. Capital Market Administrators interact daily with parties involved per the syndicated loan activities to provide work processing guidance, direction and assistance when needed.Position CompetenciesSuccessful incumbents possess Comerica's Core Values of: One Comerica, The Customer Comes First, The Bigger Possible, A Force for Good, and Trust. Act. Own. This candidate will also exhibit a high focus on Listening, Problem Solving, Drive for Results, Independent Thinker, Ability to multitask, Forward Thinking, Attention to detail, Critical thinker, Analytical Skills, Business Acumen and Prioritization.Position Responsibilities:
- The Syndications Loan Analyst has responsibility for managing a portfolio of lending facilities where Comerica acts as Administrative Agent and lead bank.
- Comprehensive knowledge of the Syndicated Loan Market, especially as an Administrative Agent, and understands market conventions for managing the product.
- In depth knowledge of Syndicated Lending Operations including loan servicing, Fedwire payments, General Ledger reconciliation, Construction Loans, revolving credit facilities, term loan facilities, etc.
- Knowledge of industry standards and best practices for Syndicated and Commercial lending operations, as well as market initiative to streamline and automate loan servicing functions.
- Ensure all lending transactions are processed and managed correctly, minimizing operational risks and losses, and ensuring compliance with all bank policies and procedures.
- Comfortable managing all aspects of syndicated servicing, including interaction with senior internal and external stakeholders: Clients, Lenders, Issuing Banks, Business Partners, Front Office etc.
- Manage a loan portfolio to include the review and analyzing, funding and daily operational activity for the bank's syndicated portfolio, including processing of Loan Advances, Loan Payments, All Maintenance Items - Including Rollovers/Repricing's, Conversions, Margin Changes and Other Operational Transactions.
- Perform basic loan accounting and loan operational transactions daily.
- Ensure all financial activities are in compliance with the bank's policies and procedures.
- Investigation and resolution of queries, from internal business partners.
- Monitor AFS system accruals to make sure our spreadsheet and AFS accruals (for borrowers and participating investors) agree. (Fees that can't be handled by AFS are computed by the Syndicated Loan Administrator. These fees include such things as facility fees, unused fees, special over-formula fees, utilization fees, etc.)
- Review monthly billing statements to ensure accuracy to prevent unnecessary past due accounts.
- Analyze daily, weekly, monthly exception reports to resolve any errors or maintenance items that may result in loss or place bank in a negative position.
- Analyze loan processing documents for accurate processing and understanding.
- Applies judgment when interpreting data, preparing reports, and presents findings to management when necessary.
- Timely management, escalation and resolution of all requests / inquiries / issues / errors while maintaining SLA standards.
- Day-to-day focus is on resolution of complex loan issues, where expertise is required to interpret against policies, guidelines, or processes.
- Applies professional judgment, analytical thinking and knowledge of data analysis tools and methodologies to make recommendations to management to support process improvement.
- Support the execution and closing of complex syndicated loan transactions, including, but not limited to, new deals, refinancing, amendments, acquisition financings, and re-pricings.
- Assist with ad-hoc inquiries from Business Partners, Controllers, Reporting, and Management
- Periodically reviews the relevant procedures to ensure appropriate control and consistency.
- Ensures adherence to all bank policies and procedures relative to Regulatory Compliance including but not limited to the Bank Secrecy Act, USA Patriot Act, Anti-Money Laundering Act, Privacy Act, Regulations Q& X, Customer identification Program, Know Your Customer, Suspicious Activity Reports.
Livonia Operations CenterPosition Qualifications:- High School Diploma or the equivalent
- 3 years of college level accounting courses OR related experience
- 2 years of experience in commercial syndicated loan processing
- 2 years of experience with Excel and Word
- 2 years of experience analyzing and interpreting documents
Monday - Friday - 8am - 5pm
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity. - 5 Days Ago
Commercial Loan Documentation Specialist
- First State Bank
-
Saint Clair, MI
FULL_TIME
- First State Bank – Job Description Job Title: Commercial Loan Documentation Specialist Status: Non-Exempt Department: Loan Documentation Reports To: Loan Documentation Primary Purpose of the JOB: The ...
- 1 Month Ago
Commercial Loan Officer
- MINO Lending Solutions
-
Detroit, MI
FULL_TIME
- Primary Purpose of the JOB:The Commercial Loan Officer is responsible for representing the company in a positive manner to encourage loan growth, solicit new customers, selling loan and fee-based prod...
- 28 Days Ago
Team Lead - Loan Officer
- Lend-A-Loan
-
Troy, MI
FULL_TIME
- Do you have a proven track record of creating lending solutions for your clients and a desire to assist buyers in obtaining the property of their dreams? If so, we’d love to talk with you about joinin...
- 2 Months Ago
Commercial Real Estate Loan Originator
- FRIEDMAN MANAGEMENT COMPANY
-
Farmington, MI
OTHER
- Job Details Level: Experienced Job Location: Corporate Office - Farmington Hills - Farmington Hills, MI Education Level: 4 Year Degree Salary Range: Undisclosed Travel Percentage: Up to 25% Job Catego...
- 7 Days Ago
Senior Commercial Loan Documentation Specialist
- FIRST STATE BANK
-
Saint Clair, MI
OTHER
- Job Details Job Location: Operation Center - Saint Clair Shores, MI Position Type: Full Time Education Level: High School Salary Range: Undisclosed Job Category: Banking DescriptionFirst State Bank – ...
- 18 Days Ago
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0 Banking & Commercial Loan Workout Manager jobs found in Detroit, MI area
MANAGER TRAINEE
- AutoZone, Inc.
-
Southgate, MI
- The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
- 5/8/2024 12:00:00 AM
MANAGER TRAINEE
- AutoZone, Inc.
-
Lake Orion, MI
- The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
- 5/8/2024 12:00:00 AM
MANAGER TRAINEE
- AutoZone, Inc.
-
White Lake, MI
- The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
- 5/8/2024 12:00:00 AM
Workday Certified Project Manager – Midwest MU
- Accenture
-
Detroit, MI
- + Who We AreWe are Accenture, a global professional services company, searching for a Workday Project Manager. This indi...
- 5/8/2024 12:00:00 AM
Assistant Community Manager
- FRIEDMAN MANAGEMENT COMPANY
-
Detroit, MI
- Job Details Level Experienced Job Location Greatwater East - Detroit , MI Position Type Full Time Education Level High S...
- 5/8/2024 12:00:00 AM
MANAGER TRAINEE
- AutoZone, Inc.
-
Taylor, MI
- The Manager in Training (MIT) position is expected to be a short-term transitional role that provides both work assignme...
- 5/7/2024 12:00:00 AM
Project Manager
- KTA-Tator, Inc.
-
Detroit, MI
- Elzly Technology Corporation (Elzly) is seeking to fill a full-time Project Manager position (remote) to support a myria...
- 5/7/2024 12:00:00 AM
Consumer Goods & Services Front Office Transformation Strategy Manager
- Accenture
-
Detroit, MI
- Front Office Transformation Manager The work Are you inspired by the rapidly changing environment in which todays Consum...
- 5/4/2024 12:00:00 AM
About Detroit, Michigan
Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$169,548 to $243,652
Detroit, Michigan area prices
were up 1.2% from a year ago
were up 1.2% from a year ago
What does a Banking & Commercial Loan Workout Manager do?
Banking & Commercial Loan Workout Manager in Columbia, SC
Organizations usually prefer managers who can adapt their skills to different situations.
December 03, 2019
Banking & Commercial Loan Workout Manager in Troy, NY
High priority always comes first As Banking Commercial Loan Workout Manager.
February 14, 2020
Banking & Commercial Loan Workout Manager in Petersburg, VA
There are four different levels of loan workout officers.
January 19, 2020