Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)
Responsibilities:
-Creating and executing a detailed and comprehensive business development, marketing and sales strategy and oversee these areas of the company’s operations.
-Developing a database of key market segments, business leads and potential borrowers.
-Developing a database of potential referral sources, including commercial real estate brokers, investors, bankers, mortgage brokers, private money lenders and alike.
-Personally market CRE Loan products to borrowers and referral sources.
-The ability to market CRE Loan as a premier commercial finance advisory firm.
Education and Experience:
-CRE Loan is seeking candidates with a minimum of 5-10 years experience in the commercial real estate industry.
-Masters degree in business administration, real estate or equivalent is preferred.
-Individuals who have a bachelor degree from a tier 1 university along with 5-10 years of related real estate or finance experience will also be considered.
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