Commercial Loan Workout Officer jobs in Cleveland, OH
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)
Recently Added Commercial Loan Workout Officer jobs
Commercial Loan Officer
- First Mutual Holding Company
-
Lakewood, OH
FULL_TIME
-
Apply
Job Type
Full-time
Description
Position Summary:The Commercial Loan Officer is responsible for commercial banking for companies up to $60 million in revenue. Duties and Responsibilities:Manages business development by acquiring new commercial banking business by utilizing effective calling techniques to achieve corporate growth; maintains and develops relationships with centers of influence including, accountants, attorneys, community leaders, professional and/or social organizations; attends networking, charity, and corporate functions for prospecting and establishment of relationships. Responsible for meeting or exceeding Commercial Loan Officer Level 2 sales plan.Manages portfolios and underwriting by coordinating with clients on accounts and other issues related to the commercial relationships; works with commercial team members to facilitate credit application process, perform site visits, work with underwriter to obtain decisions, and work with underwriting to perform annual reviews of assigned portfolio; identifies, evaluates, structures and documents commercial credit transactions to ensure maximum profitability with reasonable risk; monitors credit quality within assigned portfolios and takes action as appropriate.Works closely with other departments to handle client service issues and to cross sell other bank products; handles high level executive account and loan requests to reinforce extraordinary service levels.Professionally represents the bank in civic and community functions to further enhance the bank's visibility while increasing business development.Acts as a mentor to credit analysts, portfolio managers, and less experienced loan officers.Attends training to continually improve sales and presentation skills, commercial, SBA, treasury management knowledge, and other applicable banking knowledge.Manages service providers and vendors effectively; structures relationships with service providers in a strategic manner; sets expectations; develops performance metrics; measures vendor performance, provides feedback and holds accountable.Complies with all applicable banking laws and regulations, including, but not limited to the Bank Secrecy Act, USA Patriot Act, and related anti-money laundering statutes, and federal consumer protection legislation and regulations.Other Duties as assigned.The duties outlined above are a summary and may not be an exhaustive or comprehensive list of all possible responsibilities, tasks, and duties. All job descriptions may be amended at any time at the sole discretion of FMHC.
Requirements
Qualifications and Skills:Commercial lending/sales experience and a demonstrated track record of success in meeting progressive plan goals, developing commercial business, portfolio management, and effective cross-departmental collaboration is requiredThorough understanding of commercial lending laws, regulations, and guidelines is required.Bachelor's degree in accounting, finance, statistics, business or other related field is required; Master's degree is preferred.Proficiency in MS Office [Outlook, Excel, Word] or similar software is required. EasyLender, Cleartouch, OnBase, CreditQuest, various government and investor software/web portals is preferred. CRM software is preferred.Experience in financial services or banking is preferred.Completed, actively pursuing or willing to begin progressive OBL/ABA certification courses related to position, required.Necessary competencies:ResilienceCommunicationService OrientationDecisivenessTrusted AdvisorOrganizational Skills Drive for ResultsProfessional DevelopmentPhysical Environment:While performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.The employee must occasionally lift and/or move up to 25 pounds.The noise level in the work environment is usually quiet to moderate.This position is performed in an office setting, five days a week with typical work hours being 8.30a through 5.15p.
First Mutual Holding Co. and First Federal Lakewood is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation. First Federal Lakewood participates in E-Verify and supports your right to work. - 22 Days Ago
Loan Workout Relationship Manager IV
- KeyBank
-
Cleveland, OH
FULL_TIME
- Location:For Those Who Work At Home - Various, Oregon 97330ABOUT THE JOBManage a portfolio of pass rated "exit," criticized, classified, non-performing and or charged off credit relationships. Minimiz...
- 18 Days Ago
Loan Officer
- Cardinal Credit Union
-
Mentor, OH
FULL_TIME
- DescriptionCardinal Credit Union was selected by The Cleveland Plain Dealer as a Top Workplace three years running and one of the Best Workplaces in Ohio.Cardinal strives to create a culture supportin...
- 13 Days Ago
Loan Officer -S/O
- Draper & Kramer Mortgage Corp.
-
Chagrin Falls, OH
FULL_TIME
- Responsibilities: A Mortgage Loan officer is responsible for the selling and structuring of residential home loans. Draper and Kramer Mortgage Corp. loan officers will generate their own business and ...
- 10 Days Ago
Loan Officer Assistant (On-Site)
- CrossCountry Mortgage, LLC.
-
Westlake, OH
FULL_TIME
- CrossCountry Mortgage (CCM) is one of the nation’s top 3 retail mortgage lenders with more than 7,000 employees operating nearly 600 branches across all 50 states. We have been recognized nine times o...
- 11 Days Ago
Mortgage Loan Officer
- NVR Inc
-
Cleveland, OH
FULL_TIME
- If you’re a bright, energetic individual who is customer-focused and dedicated to the success of your team, we’d love to talk to you! As a Loan Officer for NVR Mortgage, you will work directly with ou...
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0 Commercial Loan Workout Officer jobs found in Cleveland, OH area
Photographer - Senior Creative Asset Developer
- Lincoln Electric
-
Euclid, OH
- Lincoln Electric is the world leader in the engineering, design, and manufacturing of advanced arc welding solutions, au...
- 4/18/2024 12:00:00 AM
Vice President, Portfolio Management (Utilities, Power and Renewable Energy)
- KeyBank
-
Cleveland, OH
- Location: 127 Public Square - Cleveland, Ohio 44114 About the Job Perform financial analysis and prepare underwriting do...
- 4/18/2024 12:00:00 AM
Vice President, Portfolio Management (Commercial)
- KeyBank
-
Cleveland, OH
- Location: 127 Public Square - Cleveland, Ohio 44114 JOB BRIEF (PURPOSE) The Portfolio Management Vice President will be ...
- 4/18/2024 12:00:00 AM
Inventory Recon Specialist
- Javitch Block LLC
-
Cleveland, OH
- ** Inventory Recon Specialist** **Job Category****:** Accounting **Requisition Number****:** INVEN01263 Showing 1 locati...
- 4/18/2024 12:00:00 AM
Real Estate Attorney
- Illapa Search
-
Cleveland, OH
- A law firm that currently ranks as one of the 200 largest law firms in the United States is eagerly seeking a Junior to ...
- 4/17/2024 12:00:00 AM
Agency Banking Comm Loan Officer 2
- Westfield Bank
-
Westfield Center, OH
- Job Description Job Description Location: Westfield Center Full Time In-Office Manager: Mike Wagar Agency Banking Commer...
- 4/16/2024 12:00:00 AM
Commercial Banker
- The Newburgh Group
-
Cleveland, OH
- Commercial Banker – Middle Market Regional Bank Our client is seeking a highly productive and new business development o...
- 4/15/2024 12:00:00 AM
Contracts Attorney (Hybrid or Remote)
- Republic Finance
-
Cleveland, OH
- Republic Finance is seeking a highly skilled and experienced Corporate Contracts Attorney to join our legal team. The id...
- 4/15/2024 12:00:00 AM
About Cleveland, Ohio
Cleveland (/ˈkliːvlənd/ KLEEV-lənd) is a major city in the U.S. state of Ohio, and the county seat of Cuyahoga County. The city proper has a population of 385,525, making it the 51st-largest city in the United States, and the second-largest city in Ohio. Greater Cleveland is ranked as the 32nd-largest metropolitan area in the U.S., with 2,055,612 people in 2016. The city anchors the Cleveland–Akron–Canton Combined Statistical Area, which had a population of 3,515,646 in 2010 and is ranked 15th in the United States.
The city is located on the southern shore of Lake Erie, approximately 60 miles ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$63,985 to $83,009
Cleveland, Ohio area prices
were up 1.6% from a year ago
were up 1.6% from a year ago
What does a Commercial Loan Workout Officer do?
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