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)
Description
Develop and manage loan accounts that meet established lending requirements and provide maximum profitability to the Bank at minimum risk.
Statement of Expectations:
Community Bank expects all employees to comply with the responsibilities of their assigned position to the highest degree of performance by:
Requirements
o Interviewing customers seeking loans;
o Collecting and analyzing financial and related data to determine general creditworthiness;
o Rejecting or approving loans and terms within officers’ limits and established Bank policies;
o Monitoring loan repayment activities and taking necessary action to collect from past-due accounts; and
o Handling consumer/installment loans as needed.
Proficiencies
Education and Experience
• Bachelor’s degree in Business Administration or equivalent education/experience.
• Four (4) to five (5) years of lending experience.
• Possess a valid driver’s license.
• Must be bondable.
COMPANY BENEFITS
Clear All
0 Banking & Commercial Loan Workout Manager jobs found in Kennewick, WA area