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)
A rewarding career opportunity in a professional work environment exists for you with WBD!
We are seeking a full-time Loan Closer to join our Madison team.
Loan Closers obtain, prepare, and deliver loan documentation to facilitate the closing process for small business loans. Interact with borrowers and bankers, insurance companies and other agencies using quality customer service to obtain necessary documents to meet specified deadlines.
WBD is more focused on finding the right employee than on a particular level of experience in the field. Duties and pay commensurate with experience.
Regardless of your experience level, WBD is interested in candidates with:
A bachelor’s degree in business or related field (or equivalent experience) is preferred. Experience and knowledge with commercial banking, loan servicing, real estate title policy or commercial mortgage processing experience, minimum of 1 year in any area. Lead, supervisor or management a plus.
WBD is a leader in training and developing staff in the commercial finance industry and is committed to a personal development plan for every employee. For the right person we would be willing to hire at any of our three closing levels:
Loan Closer I, Loan Closer II, or Sr. Loan Closer.
In addition, WBD has competitive pay, an incentive bonus program, health insurance, 401k match, and a generous PTO policy.
To see more details on these positions visit
https://www.wbd.org/_data/media/203/loan-closer-overview.pdf. To learn more about WBD visit wbd.org
WBD is one of the nation’s most successful Certified Development Companies, a mission-driven organization assisting businesses in gaining access to capital to grow, create jobs and build their communities. Since 1981, WBD has provided nearly $3 Billion in financing to thousands of businesses and currently has a commercial portfolio of over $800 Million.
Job Type: Full-time
Pay: $39,395.44 - $47,443.96 per year
Benefits:
Schedule:
Ability to Relocate:
Work Location: In person
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