Banking & Commercial Loan Workout Manager jobs in Trenton, NJ

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)

F
Loan Workout Officer
  • First Bank - NJ
  • Hamilton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.

    We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank’s 401k Plan.

    Position Summary:
    Responsible for managing, monitoring, and resolving the bank's deteriorating and non-performing commercial and consumer loans. Other responsibilities will include participating in negotiations and related proceedings involving complex and difficult cases including SBA related loans; reviewing operational issues, verifying collateral, and pursuing collection opportunities; and having direct contact with borrowers and third-party vendors. This position calls for a strategic individual who thrives in a fast-paced environment who excels at problem resolution and managing various priorities simultaneously.

    Duties & Responsibilities:

    1. Manage a portfolio of problem loans and assist Loan Workout Manager with recommendations in the workout and foreclosure process, including Troubled Debt Restructurings, Forbearance Agreements and Deeds-In-Lieu of Foreclosure.

    2. Assist with management of the OREO portfolio.

    3. Coordinate with outside attorneys on more complex accounts, utilizing more in-depth knowledge of legal guidelines.

    4. Reviews workout plans and recommendations with department management. Provides background information on accounts and supports recommendations with clear explanations of data, reasoning, and analysis.

    5. Attends auctions of seized property to make minimum bids on assets to protect Company's financial position.

    6. Attends and participates in portfolio reviews and committee meetings and makes recommendations on approval documents.

    7. Completing other tasks as assigned.

    Qualifications:

    1. College Degree (B.S./B.A.) or equivalent job experience.

    2. 7-10 years Commercial Banking/Loan Workout experience.

    3. Knowledge of banking products, banking procedures and guidelines.

    4. Problem Solving and problem resolution skills.

    5. Strong oral and written communication skills.

    6. Ability to work independently.

    7. Excellent interpersonal skills.

    8. Professional demeanor and appearance.

    9. Self-motivated.

    10. Proficient in Microsoft Office.

    First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.

    Job Type: Full-time

    Pay: From $103,000.00 per year

    Benefits:

    • 401(k)
    • 401(k) matching
    • Dental insurance
    • Health insurance
    • Paid time off

    Compensation package:

    • Bonus opportunities

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift
    • Monday to Friday

    Work setting:

    • In-person

    Experience:

    • Commercial Banking/Loan Workout: 7 years (Preferred)

    Ability to Commute:

    • Township of Hamilton, NJ 08690 (Preferred)

    Work Location: In person

  • 6 Days Ago

F
Commercial Loan Closer
  • First Bank - NJ
  • Trenton, NJ FULL_TIME
  • Position Summary:The Commercial Loan Closer will provide support to the Relationship Management teams by performing the pre- and post-closing tasks for approved commercial loans by collecting, prepari...
  • 12 Days Ago

C
Property Manager
  • CALIFORNIA COMMERCIAL INVESTMENT GR
  • Trenton, NJ OTHER
  • Job Details Job Location: Trent Center East - Trenton, NJ Position Type: Full-Time, Exempt Education Level: Associates Degree Preferred Salary Range: Undisclosed Travel Percentage: No Travel Required ...
  • 5 Days Ago

S
Pharmaceutical Call Center Manager
  • Syneos Health Commercial Solutions
  • Newtown, PA FULL_TIME
  • Description We are looking for a talented individual to join our team as an Engagement Center Manager. If you are known for your exceptional leadership, we would love to hear from you! The Engagement ...
  • 18 Days Ago

S
Call Center Manager
  • Syneos Health Commercial Solutions
  • Newtown, PA FULL_TIME
  • Description At Syneos Health, we challenge the status quo, we collaborate to deliver solutions, and we are passionate about changing lives… We are looking for a talented individual to join our team as...
  • 20 Days Ago

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Quality Assurance Manager
  • Syneos Health Commercial Solutions
  • Princeton, NJ FULL_TIME
  • Description You’re driven, resourceful, and above all else - remarkably smart. You are the first to roll up your sleeves and work with endless energy until you solve the unsolvable, beat the unbeatabl...
  • 22 Days Ago

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0 Banking & Commercial Loan Workout Manager jobs found in Trenton, NJ area

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Project Manager Sintetica US
  • Sintetica US
  • Princeton, NJ
  • Project Manager Sintetica US Sintetica US, Princeton, New Jersey, On site or Remote Full-time Mid-Senior level 201-500 e...
  • 3/18/2024 12:00:00 AM

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Senior Director at Bristol Myers Squibb
  • Bristol-Myers Squibb
  • Lawrence Township, NJ
  • Working with Us Challenging. Meaningful. Life-changing. Those aren’t words that are usually associated with a job. But w...
  • 3/17/2024 12:00:00 AM

E
RM - Contract Associate Manager
  • Experis
  • Philadelphia, PA
  • Our client, [Accenture] is seeking a [Contract Associate Manager] to join their team. As a [J Contract Associate Manager...
  • 3/17/2024 12:00:00 AM

B
Senior District Business Manager, Cardiovascular - Columbus, OH
  • Bristol Myers Squibb
  • Lawrence Township, NJ
  • **Working with Us** Challenging. Meaningful. Life-changing. Those arent words that are usually associated with a job. Bu...
  • 3/17/2024 12:00:00 AM

T
Analytics and Reporting - Operations Manager, HCP Events and FMV Processes
  • TechDigital Corporation
  • Lawrence Township, NJ
  • Role: Project Specialist Health Care Professional Engagements WW Medical Immunology 100% on-site attendance required Thi...
  • 3/16/2024 12:00:00 AM

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Regional Vice President - New York / New Jersey
  • Veolia
  • New Brunswick, NJ
  • Job Details Company Description About Veolia North America A subsidiary of Veolia Group, Veolia North America (VNA) offe...
  • 3/14/2024 12:00:00 AM

C
Sr. Project Manager, Legal Clinical Contracts
  • CSL
  • King Of Prussia, PA
  • The Opportunity: Reporting to the Global Lead, Legal Clinical Contracting, as the Sr. Project Manager, Legal Clinical Co...
  • 3/14/2024 12:00:00 AM

C
Solutions Director- Northeast Remote
  • CBRE
  • Trenton, NJ
  • Solutions Director- Northeast Remote Job ID 147965 Posted 11-Mar-2024 Service line GWS Segment Role type Full-time Areas...
  • 3/14/2024 12:00:00 AM

According to the United States Census Bureau, the city had a total area of 8.155 square miles (21.122 km2), including 7.648 square miles (19.809 km2) of land and 0.507 square mile (1.313 km2) of water (6.21%). Several bridges across the Delaware River – the Trenton–Morrisville Toll Bridge, Lower Trenton Bridge and Calhoun Street Bridge – connect Trenton to Morrisville, Pennsylvania, all of which are operated by the Delaware River Joint Toll Bridge Commission. Trenton is located near the exact geographic center of the state, which is 5 miles (8.0 km) located southeast of Trenton. The city is so...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$182,669 to $262,515
Trenton, New Jersey area prices
were up 1.5% from a year ago

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