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)
Commercial Loan Administrative Assistant
Salary Grade: (Depends upon candidate’s experience)
Location: Corporate
Duties: Provides administrative assistance to a team of Commercial Lenders on a variety of tasks throughout the loan application, closing, and servicing processes. Primary responsibilities include, but are not limited to, inputting applications into credit management software, assisting with pre- and post- loan closings, preparing commitment and other various letters, coordinating documentation from application to closing, tracking and saving financials, preparing various reports for the Board of Director, Officer’s Loan Committee, ALCO, Asset Quality meetings. Additional responsibilities may include assisting with departmental audits and regulatory exams and involvement in other various responsibilities of the credit administration department.
Skills: Excellent communication, organizational, attention to detail and interpersonal skills. Moderate typing skills required, moderate to advanced computer skills with knowledge of WORD and EXCEL required.
Experience: Prior loan or banking experience preferred, but not required.
Education: High School Diploma or equivalent.
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