Banking & Commercial Loan Workout Manager jobs in Grand Rapids, 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)

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Commercial Loan Funding-Boarding Manager
  • Fifth Third Bank
  • Grand Rapids, MI FULL_TIME
  • Make banking a Fifth Third better

    We 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: The Commercial Loan Funding-Boarding Manager directs the work of a group or multiple groups of employees in performing the funding and loan system input for new or renewed Business and Commercial Loans. The Manager will be responsible for the promptness and accuracy of funds disbursed based upon the settlement statement. The Manager will be responsible for the overall accuracy of the data entered into the various loan systems in accordance with the credit approval document and the executed loan documents. The Commercial Loan Funding-Boarding Manager works closely with the sales, credit and other Loan Operations personnel and external closing agents.

    Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    • Constantly monitors work queues for deals in process to promptly follow up on funding requests and proactively aids in issue resolution.

    • Regularly reviews status with team and on an individual basis. providing feedback and direction on productivity

    • Establishes and maintains an effective dialogue with field sales personnel (RM, BBO, Financial Center Manager) to insure field personnel remain informed on each loan's status.

    • Establishes and maintains an effective follow up methodology to support achievement of the department's Service Level Agreement (SLA) goals and individual turn time goals.

    • Provides guidance and support to business partners in order to meet the needs of external customers.

    • Able to coach business partners on all Business Banking and Commercial Lending Loan Funding process.

    • Approve disbursement of loan proceeds to attorneys, title companies, customers, vendors, other banks and third parties.

    • Maintains the integrity of loan data by ensuring all terms of the approved loan are accurately incorporated in the loan system

    • Provides supervision, coaching and training. Mentors employees and develops skill through one on one training and coaching.

    • Maintains awareness of the status of new deals and existing pipeline, adjusts staffing as needed.

    • Evaluates Funding-Boarding Specialists to determine knowledge of policy/guidelines, products, compliance requirements, etc.

    • Meet with Internal Audit and Compliance on a regular basis to ensure that existing policies and procedures provide adequate controls to mitigate risks.

    • SEE ACTUAL JOB DESCRIPTION FOR ALL DUTIES AND RESPONSIBILITIES.

    SUPERVISORY RESPONSIBILITIES: Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth; developing the appropriate talent pool to ensure adequate bench strength and succession planning; recognizing and rewarding employees for accomplishments.

    MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

    • High school diploma or equivalent work experience required. Bachelor's degree preferred.

    • Four (4) years commercial loan funding, boarding, loan documentation, or related work experience.

    • Five (5) years supervisory/leadership experience.

    • Thoroughly understands all Business Banking and Commercial loan products.

    • Thoroughly understands Commercial loan servicing systems.

    • Advanced knowledge of Business Banking and Commercial Lending Credit Policy/Guidelines.

    • Advanced knowledge of loan documentation, collateral evaluation, and credit documentation, local, state and federal regulatory requirements.

    • Experience in an automated loan origination environment preferred.

    • Strong time management and organizational skills evidenced in previous assignments.

    • Demonstrates an understanding of applicable bank policies and procedures.

    • Extensive knowledge of loan documents and requirements.

    • Extensive knowledge of commercial lending and loans.

    • Thorough knowledge of B2B, CCAS, AFS, Loan Doc Prep System, and other banking systems.

    • Good personal computer skills with demonstrated knowledge of Microsoft EXCEL, WORD, and email.

    • Self-starter and works with minimal direction.

    • Strong verbal and written communication skills.

    • Strong negotiation skills.

    • Good interpersonal skills and team orientation.

    • Ability to meet deadlines under pressure utilizing excellent time management skills.

    • Ability to coach and mentor team members.

    • Utilizes complete independence in problem solving and decision making.

    • Completion of Funding-Boarding certification program (future).

    #LI-EG1

    Commercial Loan Funding-Boarding Manager

    LOCATION -- Grand Rapids, Michigan 49546

    Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

     

  • 13 Days Ago

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Commercial Loan Risk Assistant
  • Macatawa Bank Careers
  • Holland, MI FULL_TIME
  • POSITION SUMMARYPerform various tasks to assist in the management of commercial loan credit risk through the monitoring of collateral and borrower’s adherence to various agreed upon credit terms and c...
  • 18 Days Ago

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Commercial Loan Closing Specialist
  • Fifth Third Bank
  • Grand Rapids, MI 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:Responsible for ...
  • 1 Month Ago

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Commercial Loan Processing Specialist
  • Mercantile Bank
  • Grand Rapids, MI FULL_TIME
  • COMMERICAL LOAN PROCESSING SPECIALIST Due to its continuing high levels of success, Mercantile Bank in Grand Rapids, Michigan is looking to add another full time Commercial Loan Processing Specialist ...
  • 1 Month Ago

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Program Manager (Automation)
  • Commercial Tool Group
  • Comstock, MI FULL_TIME
  • Program Manager (Automation) CG Automation & Fixture (CGAF) is a leading manufacturer of check fixtures, gauges, models, and automated secondary equipment for the automotive as well as other industrie...
  • Just Posted

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Commercial Manager
  • Tennant Company
  • Grand Rapids, MI FULL_TIME
  • With more than $1B in revenue, Tennant Company is a globally recognized leader in the cleaning equipment industry. For the past 150 years, we have been passionate about developing and manufacturing in...
  • 18 Days Ago

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0 Banking & Commercial Loan Workout Manager jobs found in Grand Rapids, MI area

Grand Rapids is the second-largest city in Michigan, and the largest city in West Michigan. It is on the Grand River about 30 miles (48 km) east of Lake Michigan. As of the 2010 census, the city population was 188,040. In 2010, the Grand Rapids metropolitan area had a population of 1,005,648, and the combined statistical area of Grand Rapids-Muskegon-Holland had a population of 1,321,557. Grand Rapids is the county seat of Kent County. A historic furniture-manufacturing center, Grand Rapids is home to five of the world's leading office furniture companies, and is nicknamed Furniture City. Its ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$162,417 to $233,412
Grand Rapids, Michigan area prices
were up 1.3% from a year ago

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