Commercial Loan Workout Officer jobs in Bangor, ME

Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Commercial Loan Officer
  • NorState Federal CU
  • Presque Isle, ME FULL_TIME
  • Title: Commercial Loan Officer

    Reports To: Vice President Commercial Services

    Role: Commercial Loan Officer will be responsible for originating and closing small to mid-size commercial loans. They will be responsible for independently developing new business, underwriting, structuring, and closing commercial loans, as well as maintaining and servicing a commercial loan portfolio. This individual will represent the credit union in its market areas through active participation in community affairs. Critical to this role is understanding the value of teamwork, the skills needed to assess the risk of commercial loans, and the ability to develop and maintain strong customer relationships.

    Essential Functions and Responsibilities:

    1. Actively serve as loan officer to originate, evaluate, process, obtain approval and close on business loans of various sizes and complexity across industries. Work on teams to prepare loan packages, including analyzing financial statements, assessing borrower’s management capacity, and determining key credit and risk drivers, and proposing strategies to mitigate them.

    2. Actively participate in servicing and monitoring the loan portfolio, along with other members of the team, including conducting site visits, evaluating risk management reports, and working to resolve troubled loans if needed.

    3. Build and maintain strong relationships with borrowers through origination, closing and post-closing. Work within the community to build awareness of Norstate FCU and its commercial program.

    4. Ensure compliance with lending regulations and internal controls for accuracy, timeliness, and proper documentation.

    5. Perform other duties assigned by supervisor.

    Knowledge and skills:

    Experience: 3 years of experience in lending, finance or community development, or equivalent related experience

    Education: Bachelor’s degree in related field or equivalent related experience.

    Job Type: Full-time

    Pay: From $52,586.00 per year

    Benefits:

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

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift
    • Day shift

    Work setting:

    • In-person
    • Office

    Ability to Relocate:

    • Presque Isle, ME 04769: Relocate before starting work (Required)

    Work Location: In person

  • 25 Days Ago

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Commercial Loan Officer
  • Eastern Maine Development Corporation
  • Bangor, ME FULL_TIME
  • Position Summary Eastern Maine Development Corporation, a private, non-profit, mission-based lender, is seeking a new Loan Officer to join its Lending Department team. Particular focus will be given t...
  • 13 Days Ago

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Loan Specialist (Commercial)
  • US Agriculture, Rural Development
  • Bangor, ME FULL_TIME
  • Duties Reviews and analyzes preapplications, applications and all supporting documents to determine loan or grant eligibility and inputs data into appropriate automated database system. Prepares writt...
  • 1 Month Ago

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Commercial Loan Credit Analyst / Loan Processor
  • New Dimensions Federal Credit Union
  • Waterville, ME FULL_TIME
  • Role: Performs commercial loan annual reviews on existing business relationships by reviewing submitted financial information from borrower in compliance with credit union member business policy. Inte...
  • 3 Days Ago

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Members Service Representative/Loan Officer
  • Maine Savings Federal Credit Union
  • North Vassalboro, ME FULL_TIME
  • Maine Savings Federal Credit Union has an opening for a dynamic Member Service Rep/Loan Officer in our North Vassalboro office. The ideal candidate will be a strong team player with the desire to offe...
  • 23 Days Ago

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Commercial Banking Officer
  • Kennebec Savings Bank
  • Waterville, ME FULL_TIME
  • Description POSITION TITLE: COMMERCIAL BANKING OFFICER REPORTS TO: REGIONAL VICE PRESIDENT DEPARTMENT: LENDING DIVISION: COMMERCIAL POSITION SUMMARY: This position is responsible for originating large...
  • 1 Month Ago

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0 Commercial Loan Workout Officer jobs found in Bangor, ME area

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RN - CPCU Nights - LOCALS ACCPETED
  • TotalMed
  • Bangor, ME
  • Must have 1.5 Years of Experiance We are seeking a Registered Nurse-Cardiac Progressive Care Unit for a travel assignmen...
  • 3/29/2024 12:00:00 AM

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Registered Nurse - Telemetry
  • TotalMed
  • Bangor, ME
  • We are seeking a Registered Nurse-Telemetry for a travel assignment in Bangor Maine.
  • 3/29/2024 12:00:00 AM

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Home Health Sales Executive
  • CenterWell Home Health
  • Bangor, ME
  • As a Home Health Sales Executive, you will: Call on physicians, hospitals, skilled nursing facilities’ management, disch...
  • 3/29/2024 12:00:00 AM

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Sales Consultant (B2B field sales professional) Comm & Bonus + Benefits
  • Talus Pay
  • Bangor, ME
  • Talus Pay is an end-to-end payments solution provider on a mission to change the payments economy! Our solutions approac...
  • 3/29/2024 12:00:00 AM

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Telemedicine Mental Health Therapist (PsyD, LPCC, LCSW, MFT) - Maine
  • Vivo HealthStaff
  • Bangor, ME
  • Vivo HealthStaff is recruiting Mental Health Clinicians who are interested in joining our telemedicine provider network....
  • 3/29/2024 12:00:00 AM

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Travel Nurse RN - Telemetry - $2,431 per week
  • PRN Healthcare
  • Bangor, ME
  • American Traveler is seeking a travel nurse RN Telemetry for a travel nursing job in Bangor, Maine. Job Description & Re...
  • 3/29/2024 12:00:00 AM

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Physician- Cardiology
  • Northern Light Health
  • Ellsworth, ME
  • Full time Non-Invasive Cardiologist needed in Coastal Maine Excellent opportunity to join our amazing Maine Coast/Blue H...
  • 3/28/2024 12:00:00 AM

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Associate Director Sponsored Program Accounting - Fully Remote!!
  • The Jackson Laboratory
  • Bar Harbor, ME
  • Sponsored Research Administration (SRA) is the designated pre-award and post-award administration office for The Jackson...
  • 3/28/2024 12:00:00 AM

Bangor is located at 44°48′N 68°48′W / 44.8°N 68.8°W / 44.8; -68.8. According to the United States Census Bureau, the city has a total area of 34.59 square miles (89.59 km2), of which 34.26 square miles (88.73 km2) is land and 0.33 square miles (0.85 km2) is water. A potential advantage that has always eluded exploitation is the city's location between the port city of Halifax, Nova Scotia, and the rest of Canada (as well as New York). As early as the 1870s, the city promoted a Halifax-to-New York railroad, via Bangor, as the quickest connection between North America and Europe (when combin...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$59,422 to $77,096
Bangor, Maine area prices
were up 1.6% from a year ago

Commercial Loan Workout Officer in Lorain, OH
Acts as the primary servicing officer for a problem loan and deposit portfolio.  Meets with problem loan customers on a regular basis, monitors financial performance, establishes action plans to correct problem issues, monitors collateral value and condition and provides continuous diligence to mitigate loss exposure to the bank.
January 23, 2020
Commercial Loan Workout Officer in Colorado Springs, CO
Director - Commercial Loan Workout Officer - Special Assets Group.
January 13, 2020
Commercial Loan Workout Officer in Laramie, WY
Interacts with other workout officers, lending officials, and borrowers to better secure collateral, equity, or other assets of the borrower.
January 31, 2020