Loan Workout Manager jobs in Champaign, IL

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)

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Loan Officer
  • TRUSTBANK
  • Tuscola, IL FULL_TIME
  • :

    Job Description

    Job Title: Loan Officer

    Department: Operations, Tuscola

    Reports To: Market President and Senior Vice President, Loans

    FLSA Status: Exempt

    Type of Position: Full-Time

    Job Summary

    The Loan Officer position works directly with the Market President and the Branch Manager to develop a portfolio of loan relationships that provide maximum profitability while minimizing risk to the bank by ensuring regulatory and bank policy adherence. The loan officer primarily supports commercial and agricultural loan relationships with the support of the Market President and may handle consumer and installment loans as needed and assist with initial mortgage requests to ultimately direct those customers to the bank's mortgage lending department The role must adhere to TrustBank values when providing customer service and serve with the highest degree of accuracy and professionalism.

    Loan Officer Duties and Responsibilities:

    1. Engage with potential clients across various sectors to include commercial, agricultural, consumer, and mortgage lending.

    2. Conduct thorough interviews with loan applicants to gather pertinent financial data and related information for credit analysis and to determine creditworthiness.

    3. Thoroughly explain the bank's products and services, aligning them with the clients unique requirements to provided tailored solutions.

    4. Acquire, retain, and expand new and existing client relationships through proactive engagement with current and prospective customers.

    5. Conduct business interactions face-to-face and over the phone. Meeting prospects at their place of business will be required to help provide informed recommendations that are aligned with their unique needs.

    6. Construct loan solutions using an in-depth knowledge of business, finance, and banking, while balancing credit risk management, bank policy, safety and soundness, and compliance regulations.

    7. Establish and negotiate terms, structure and pricing under which credit will be extended, including costs, repayment method, and collateral requirements while balancing the needs of the bank's profitability.

    8. Submit loan requests to underwriting as required for formal credit presentations and underwriting. Assist with credit analysis as needed to facilitate credit requests.

    9. Collaborate with team members across the bank to robustly service the customer's needs and cross-sell other bank solutions accordingly.

    10. Present credit presentation to the appropriate level of authority to answer questions and seek approval.

    11. Work closely with loan processing to prepare documents and bring the loan to close.

    12. Assume ownership and responsibility for addressing the customers' concerns or inquiries to resolve issues promptly and effectively to ensure exceptional customer service.

    13. Monitor past due loans and proactively handle the collection process as needed.

    14. Work with Senior Vice President of Lending and Market President to ensure loan portfolio and production meets expectations.

    15. Attend required loan officer meetings and compile any required reports.

    16. Must register with the Nationwide Mortgage Licensing System and Registry (NMLS) to support the mortgage loan process.

    Traits/Characteristics of Successful Loan Officer


    • Strong lending experience in a bank branch.


    • Attention to detail and a strong acumen for evaluating financial information


    • Effective problem-solving and decision making skills


    • Excellent probing and listening skills to uncover customer needs


    • Excellent interpersonal, verbal and written communication skills


    • Self-motivated, assertive, perform well in a customer services environment and interact with customer and team members in a professional and personable manner, and perform well in potentially stressful situations requiring tact, diplomacy, integrity, and confidentiality


    • Strong time management and follow-up skills


    • Presents him/herself in a professional manner

    Working Conditions and Essential Functions

    This is a full-time exempt position, working a minimum of 40-hours per week and longer may be warranted to meet the demands of the job or other duties as assigned. Hours will vary depending on the needs of the bank. Well-lit office environment and the noise level is usually moderate. The role routinely uses standard office equipment. The duties of the job may require the employee to stand, walk, use hands, and feel objects, tools, or controls, reach with hands, arms, and talk, or hear. Ability to lift 25-pounds. Vision abilities include close vision, distance vision, peripheral vision, depth perception and the ability to focus. Travel to meet customers at their place of business or attend community functions. Travel demands will correlate with portfolio size and complexity and could exceed 10% of the employee's schedule.

    TrustBank Core Values

    Embrace and promote the TrustBank Culture and Core Values in all aspects of your duties. Understand the highly confidential nature of the information being worked with on a daily basis.

    COMPANY BENEFITS


    • Comprehensive employee benefits, including: medical, dental, vision, disability, life insurance, HSA contribution, and FSA


    • Paid vacation, sick, personal, plus federal holidays


    • 401k with ESOP


    • Tuition reimbursement

    Disclosures

    TrustBank recognizes that people are our bank's strength, and we place a high value on diversity and inclusion. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs. The best talent will acquire the position. Equal Opportunity Employer/Disability/Veterans. This job description may be subject to change and is not intended to be all-inclusive. The employee may perform other related duties to meet the ongoing needs of the organization.

    This job description may be subject to change and is not intended to be all-inclusive. The employee may perform other related duties to meet the ongoing needs of the organization. TrustBank offers very competitive benefits solutions to include, health, dental, life insurance, disability, 401(K) and ESOP, generous time off, and other value-added benefit options.

    Updated March 19, 2024

    Requirements:

    Education and Experience


    • Minimum of two years of community bank lending experience.


    • Prior experience with a mixed commercial, agricultural and consumer portfolio is a plus.


    • Business degree or degree in accounting finance, economics, is desirable


    • Microsoft 365, internet proficiency, and loan systems experience


    • Posses a valid driver's license

    Required Skills and Abilities

    The position requires a solid understanding of financial analysis for lending and a strong business acumen. Excellent communication and organization skills as well as strong problem solving skills are needed to navigate detailed information. Must be able to work in a team oriented environment but self-motivation is key. Strong overall PC literacy is essential.



    PId51c33f1bb3c

  • 1 Day Ago

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Loan Officer
  • Iroquois Federal
  • Watseka, IL FULL_TIME
  • Who we are: Iroquois Federal started back in 1883 in Watseka, Illinois, with a charter from the state and a drive to make a difference. Since we began, we've expanded a few times, adding 7 other banki...
  • 6 Days Ago

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Loan Officer
  • First National Bank of Arthur
  • Arthur, IL FULL_TIME
  • First National Bank of Nokomis is seeking a Loan Officer to join our team at our Arthur IL location. As a Loan Officer, you will be responsible for assisting clients in obtaining loans for various pur...
  • 15 Days Ago

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Loan specialist
  • Farm Credit Council
  • Mahomet, IL FULL_TIME
  • The Loan Process Specialist serves in the Field Operations Department and reports directly to a Regional Manager located in one of the regional offices. This role acts as the "Deal Champion" for loans...
  • 1 Month Ago

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Loan Processing Specialist
  • First Mid
  • Mattoon, IL FULL_TIME
  • The Loan Processing Specialist is responsible for various operational aspects of Loan Operations including the input of Commercial loans. When necessary, assists other lending personnel in various pro...
  • 22 Days Ago

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Mortgage Loan Officer
  • Marine Bank
  • Champaign, IL FULL_TIME
  • Job Description: Team Marine is growing! We are searching for a Mortgage Loan Officer in our Champaign market.Responsibilities:Explain a variety of mortgage products and services available and offer r...
  • 23 Days Ago

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Shop and Deliver with Instacart - Better than Part Time
  • Instacart Shoppers
  • Champaign, IL
  • FULL-SERVICE SHOPPER Start earning quickly with a flexible schedule Shopping with Instacart is more than grocery deliver...
  • 3/28/2024 12:00:00 AM

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Project Architect
  • Farnsworth Group
  • Champaign, IL
  • Position: Project Architect Location: Champaign, IL Job Id: 2026 # of Openings: 1 Come join the Farnsworth Group team an...
  • 3/28/2024 12:00:00 AM

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Jr. Programmatic Coordinator
  • Adams Outdoor
  • Champaign, IL
  • JOB SUMMARY: Adams Outdoor Advertising (AOA), the 4th largest and largest private Outdoor Advertising firm in the U.S., ...
  • 3/28/2024 12:00:00 AM

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Seed Production Technician
  • BASF
  • Champaign, IL
  • Seed Production Technician **LOCATION** **COMPANY** **JOB FIELD** **JOB TYPE** **JOB ID** **LOCATION** **COMPANY** **JOB...
  • 3/28/2024 12:00:00 AM

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Part-Time Sales Associate
  • Tradehome Shoes
  • Champaign, IL
  • Overview Are you looking for a job that provides variety, flexible hours, and pay that rewards those who go above and be...
  • 3/28/2024 12:00:00 AM

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Delivery Helper Associate
  • American Freight
  • Champaign, IL
  • The Delivery Helper Associate is responsible for assisting with the delivery of merchandise to customer homes.Merchandis...
  • 3/27/2024 12:00:00 AM

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Universal Banker III |Kirby/Champaign
  • Busey
  • Champaign, IL
  • WHAT YOU'LL DO The Universal Banker is responsible for making referrals and selling all bank products and services to cu...
  • 3/27/2024 12:00:00 AM

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Store Production Team Lead
  • LAND OF LINCOLN GOODWILL INDUSTRIES INC
  • Champaign, IL
  • Job Details Level Entry Job Location Champaign Store - Champaign, IL Remote Type N/A Position Type Full Time Education L...
  • 3/27/2024 12:00:00 AM

Champaign (English: /ˌʃæmˈpeɪn/) is a city in Champaign County, Illinois, United States. The city is 135 miles (217 km) south of Chicago, 124 miles (200 km) west of Indianapolis, Indiana, and 178 mi (286 km) northeast of St. Louis, Missouri. The United States Census Bureau estimates the city was home to 87,432 people as of July 1, 2017. Champaign is the tenth-most populous city in Illinois, and the state's fourth-most populous city outside the Chicago metropolitan area. It is included in the Champaign–Urbana metropolitan area. Champaign is notable for sharing the campus of the University of Il...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$137,320 to $215,228
Champaign, Illinois area prices
were up 1.3% from a year ago

Loan Workout Manager in Chicago, IL
These loans are financed by Commercial Loan Officers who work alongside these companies to calculate the interest rate and repayment plan.
December 10, 2019
Loan Workout Manager in Louisville, KY
After the underwriting software produces a recommendation, loan officers review the output of the software and consider any additional information to make a final decision.
February 07, 2020
Loan Workout Manager in Greensboro, NC
Participate with Regional Managers and Team Leaders in developing business plans for the loan workout functions.
January 23, 2020