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)
Beacon Credit Union, a community and service-oriented financial cooperative headquartered in Wabash, IN, is seeking a Retail Loan Processing Manager to lead our group of consumer and mortgage loan processors and servicing and construction loan specialists. This individual will work closely with lending management to achieve short- and long-term goals related to performance metrics of production and quality, implement best practice standards regarding timing and communication response, and accomplish expectations surrounding our high performance culture.
Candidates should have leadership experience and a bachelor's degree in business or a related field. Prior retail lending experience is preferred but not required. Ideal applicants will be positive, collaborative, service driven and versatile.
This position will primarily be based on-site at our Retail Loan Processing Center in Wabash, IN with occasional remote flexibility. Standard position hours are 8 a.m. to 5 p.m. Monday through Friday. with the occasional Saturday morning, as needed.
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