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)
SUMMARY OF POSITION:
Manage the overall performance and profitability of a branch. Acquire new business, control budget and hire and develop branch employees. Ensure prompt, courteous services to all clients and customers.
ESSENTIAL JOB FUNCTIONS:
PHYSICAL DEMANDS:
Occasional travel to visit customers and dealers. Requires the use of a PC and or computer terminal. Ability to speak to and hear customers via the telephone and in person.
QUALIFICATIONS (Minimum)
Associates Degree with a minimum of three years of financial services experience preferred.
Excellent communication and leadership skills. Typing and basic computer knowledge.
The above description outlines the most significant job functions performed but may include other similar functions or assignments not specifically mentioned.
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