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)
The Commercial Loan Officer is responsible for developing and managing the commercial loan portfolio. As part of a team, this lending position will be responsible for sourcing new relationships and growing the loan and deposit portfolio of the Business Services Department.
In addition to lending responsibilities, the Commercial Loan Officer will assist the members when needed in opening, closing, and maintaining commercial accounts; closing commercial loans, and maintaining proper documentation and reviews of commercial loans.
The Commercial Loan Officer will also support and assist the Business Services Specialist in the daily operations of the commercial loan department including interacting with commercial members with their deposit and loan requests; assisting in preparing, presenting, closing, and monitoring commercial loan requests and developing and maintaining business loan service relationships to help support loan operations.
With support from Business Development, this position will also be responsible for contacting businesses and corporations to determine the need for business services and loans within their operations.
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