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)
Loan Manager
Community Financial Services Federal Credit Union is seeking a full time Loan Manager. The ideal candidate will have experience managing the loan department and overseeing all loan products including Home Loans, Auto Loan, Personal Loans and Credit Cards. To succeed in this role, you should demonstrate excellent communication and interpersonal skills.
Responsibilities:
· Interview, hire and train loan officers
· Oversee procedures for all loans.
· Supervise all areas of loan operations
· Ensure that all loan officers are provided with updated information on loan policies and procedures.
· Provide general information on credit union services, policies, interest rates and terms of loans; how dividends and interest are computed; and insurance coverages.
· Interview, process and disbursement for all loans within policy
· Perform loan processing which includes verifying income, calculating debt ratios, obtaining credit reports, verifying credit history.
· Process paper workflow within the Loan Department, including; automobile titles and insurance; credit disability/life insurance/GAP Insurance
· Disburse loans properly and accurately.
· Refer and cross-sell credit union products and services to meet or exceed sales
goals.
· Research and resolve member questions, problems and concerns by telephone, written correspondence or in person.
· Maintained positive professional relationships with members and coworkers
· All other duties as assigned
Requirements:
Qualified candidates should send resume to admin@cfsfcu.com or fax to 908-245-1651
Job Type: Full-time
Benefits:
Schedule:
Ability to Relocate:
Work Location: In person
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