Consumer Loan Area Manager jobs in Detroit, MI

Consumer Loan Area Manager directs the consumer loan department of a financial institution or other organization. Oversees the research, development, communication, and implementation of consumer lending policies. Being a Consumer Loan Area Manager analyzes lending data to identify risks, trends, and areas for improvement. Ensures lending volume and profit goals are met. Additionally, Consumer Loan Area Manager develops a productive staff with training and coaching. Monitors compliance with federal and state lending regulations. Requires a bachelor's degree. Typically reports to senior management. The Consumer Loan Area Manager manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. To be a Consumer Loan Area Manager typically requires 5+ years of managerial experience. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. (Copyright 2024 Salary.com)

Recently Added Consumer Loan Area Manager jobs

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Consumer Loan Accounting Manager
  • Comerica Bank
  • Detroit, MI FULL_TIME
  • Consumer Loan Accounting Manager
    The Consumer Loan Accounting Manager is responsible for the management and supervision of the Bank's residential mortgage and consumer loan accounting functions and team members, which includes residential mortgage, HELOCs and other consumer loan products. The Manager also supports the accounting department's monthly close processes as well as ensures accurate external financial reporting is provided for consumer loan activities. The role will have a particular focus on providing meaningful financial analysis and driving business process efficiencies and automation.
    Position Responsibilities:
    Accounting Operations Management
    • Oversee and manage the Consumer Loan Accounting team to ensure timely and accurate accounting for loan origination, settlement and servicing activities, including review of journal entries and account reconciliations to ensure proper accounting.
    • Reviews the consumer financial loan activity (disbursements, payments, adjustments, sales, and purchases), to ensure accurate processing on the loan servicing sub-systems and general ledger impacts.
    • Manages compliance with general ledger and demand deposit account corporate reconciliation and aging standards for all consumer loan accounts.
    • Assist Consumer Loan Center (CLC) business partners with the review and maintenance of the Consumer Loan Policies and ensure compliance with these policies effectuates accurate accounting treatment under US GAAP.
    Change Agent and Project Coordinator
    • Serve as leader for Consumer Loan Accounting on digital transformation initiatives impacting the General Ledger or loan subledgers.
    • Support the development and maintenance of the financial systems utilized in the Consumer Loan area, including overseeing testing of the system for enhancements and upgrades in coordination with IT and the Systems Support team.
    • Make and implement recommendations which result in improvements to the integrity and quality of our consumer loan accounting processes, accounting policies and procedures along with the efficiency of the department.
    Analytics and Financial Monitoring
    • Analyze revenue and expense trends and report on net interest margin categories by assisting with month-end close analysis.
    • Prepare monthly financial analysis and coordinate with CLC business partners and business finance/FP&A for additional insights on performance trends.
    • Manages external Loan Center financial reporting including Federal Reserve Call Reporting and the FHLB audit for accounting; comply with government regulations and maintain procedures for timely and accurate reporting.
    • Lead all responses to risk management and internal control inquiries (including SOX) for the consumer loan accounting functional area, including providing relevant information to management, auditors, and regulators in accordance with monthly, quarterly, and annual deadlines.

    Position Qualifications:
    • Bachelor's degree in accounting, finance, management, or related field
    • 5 years of Experience in Accounting, Finance, or in Auditing (or a combination relevant to the job requirements)
    • 3 years of Experience with financial analysis and reconciliations
    • 3 years of Experience in management or supervision
    • 2 years of Working on a project team or leading projects; experience with implementing systems and/or process changes
    • Knowledge of consumer loan settlement processes and banking products
    License or Certification:
    • CPA Preferred (or specialized experience, certification, license, or advanced degree in area of expertise)
    Comerica Bank Center (CBC)
    8:00am - 5:00pm Monday - Friday This position offers a hybrid work model that includes onsite and remote days as determined by the manager.
    Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.

     

  • 17 Days Ago
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Sales and Loan Associate / Manager Trainee
  • American Jewelry and Loan
  • Pontiac, MI FULL_TIME
  • Job Description We are Michigan's premier operator of pawnshops currently operating 5 locations in the Metro area including Pontiac, Hazel Park, Southgate, Lincoln Park and most notably Detroit, the h...
  • 14 Days Ago
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Consumer Loan Sales Specialist
  • OneMain Financial
  • Livonia, MI FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses.ConsumerLoan Sales Special...
  • 23 Days Ago
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Consumer Loan Supplier Analyst
  • Comerica Bank
  • Auburn, MI FULL_TIME
  • CLC Supply AnalystThis position is tasked with managing some smaller supplier relationships supporting the bank and all employees. Often this is the first step in moving into higher level management o...
  • 1 Month Ago
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Consumer Loan Service Delivery Analyst
  • Comerica Bank
  • Auburn, MI FULL_TIME
  • Consumer Loan Center Operations Analyst The Consumer Loan Center (CLC) operations Analyst role will be responsible for all facets of Consumer Loan Servicing with internal and external customers for th...
  • 27 Days Ago
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Consumer Loan Business Support Analyst II
  • Comerica Bank
  • Auburn, MI FULL_TIME
  • Consumer Loan Center (CLC) Business Support Analyst The Consumer Loan Center (CLC) Business Support Analyst position is part of the Retail team and is responsible for assisting and supporting Comerica...
  • Just Posted
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0 Consumer Loan Area Manager jobs found in Detroit, MI area

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Customer Service Associate
  • Boundless Promotions
  • Hamtramck, MI
  • Job Description Job Description We are on the search for hard-working individuals that are looking for a great entry-lev...
  • 4/23/2024 12:00:00 AM
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Lead Patient Advocate Representative - Detroit, MI
  • Conifer Health Solutions
  • Detroit, MI
  • Job Description JOB SUMMARY Responsible for providing lead support to Supervisors and Managers within a specific market ...
  • 4/23/2024 12:00:00 AM
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Entry Level Customer Service Representative
  • Boundless Promotions
  • Detroit, MI
  • Job Description Job Description We are on the search for hard-working individuals that are looking for a great entry-lev...
  • 4/23/2024 12:00:00 AM
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Gas Dock Attendant
  • ABC REALTY LLC
  • Detroit, MI
  • Job Description Job Description Riverside Marina is currently hiring a full time gas dock attendant. The Fuel Attendant ...
  • 4/23/2024 12:00:00 AM
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Customer Service Representative
  • Boundless Promotions
  • Detroit, MI
  • Job Description Job Description We are on the search for hard-working individuals that are looking for a great entry-lev...
  • 4/23/2024 12:00:00 AM
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Energy & Industry Construction Project Manager
  • Hilti, Inc.
  • Detroit, MI
  • What's the role? The Division Project Manager (DPM), Energy & Industry will be responsible for obtaining service contrac...
  • 4/22/2024 12:00:00 AM
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Customer Service Associate
  • Boundless Promotions
  • Hamtramck, MI
  • We are on the search for hard-working individuals that are looking for a great entry-level Customer Service Associate po...
  • 4/22/2024 12:00:00 AM
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Customer Service Phone Representative
  • StockX
  • Detroit, MI
  • Help empower our global customers to connect to culture through their passions. Why you'll love this role Customer Servi...
  • 4/19/2024 12:00:00 AM
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About Detroit, Michigan

Detroit (/dɪˈtrɔɪt/, locally also /ˈdiːtrɔɪt/; French: Détroit, lit. 'strait') is the largest and most populous city in the U.S. state of Michigan, the largest United States city on the United States–Canada border, and the seat of Wayne County. The municipality of Detroit had a 2017 estimated population of 673,104, making it the 23rd-most populous city in the United States. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its co...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Consumer Loan Area Manager jobs
$185,526 to $287,358
Detroit, Michigan area prices
were up 1.2% from a year ago
View detail

What does a Consumer Loan Area Manager do?

Consumer Loan Area Manager in Alexandria, LA
This is part of the consumer loan area manager job description.
December 18, 2019
Consumer Loan Area Manager in Hartford, CT
This individual looks into the loan activity for multiple branches and locations all over to ensure that everything is as it should be.
December 07, 2019
Consumer Loan Area Manager in Wilmington, DE
An area management position is distinctly different from other types of consumer loan manager positions in that it encompasses a wide region.
January 01, 2020