Loan Workout Manager jobs in New York, NY

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 Workout, Vice President
  • Sumitomo Mitsui Banking Corporation
  • New York, NY FULL_TIME
  • Overview

    Sumitomo Mitsui Banking Corporation is hiring a Vice President in the Loan Workout Group.  

    Responsibilities

    • Manage a portfolio of non performing mainly large corporate credits across various industries including customer contact, preparation of applications, reviews, credit alarms and KYC.
    • Interface with agents, borrowers and co-lenders as well as the Credit Department during workout negotiations and restructurings.
    • Conduct appropriate due diligence and apply sound judgement to effectively manage workout activities.
    • Provide recommendations and advice to relevant parties during loan workout negotiation process to support the effort to maximize economic returns on problem loan giving verbal presentations when required/appropriate.
    • Prepare U.S. Loan Loss Reserve regulatory reports and self assessments including DCF valuations . Ensure regulatory and internal ratings are accurate and reflect the current risk profile on each relationship in accordance with regulatory and bank policies.
    • Effectively communicate necessary workout activities with senior management in a timely fashion.
    • Prepare materials for annual audits from internal departments such as Credit Review and Internal Audit as well as audits by external regulatory bodies.
    • Keep abreast of industry developments and best practices through external research, contacts and industry group participation.
    • Assist with providing training to new or more junior members of the team or other department initiatives.

    Qualifications

    • experience in either credit ; portfolio management ; or workout in international or large commercial bank 
    • ability to analyze risk for large corporate or structured deals
    • knowledge of US corporate law; filings and loan documentation.
    • Knowledge of US regulatory ratings; Shared National Credit; OCC guidelines  and bank regulation.
    • BA/MSC - MBA/CFA would be advantage
  • 16 Days Ago

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Vice President - Restructuring / Workout
  • Restructuring / Workout - Arena Investors I Quaestor Advisors
  • Purchase, NY FULL_TIME
  • *Flexible location but ideally Jacksonville, FL or Purchase, NY*Arena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated ...
  • Just Posted

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Vice President - Restructuring / Workout
  • Arena Investors LP
  • Purchase, NY FULL_TIME
  • *Flexible location but ideally Jacksonville, FL or Purchase, NY*Arena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated ...
  • 13 Days Ago

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Sales representative
  • LLama Loan
  • Harrison, NY FULL_TIME
  • Navigate deals through each closing stage with the goal of building and supervising a team of opening agents. Last updated : 2024-02-23
  • 1 Month Ago

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Sales representative
  • LLama Loan
  • New Rochelle, NY FULL_TIME
  • Navigate deals through each closing stage with the goal of building and supervising a team of opening agents. Last updated : 2024-02-23
  • 1 Month Ago

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Sales representative
  • LLama Loan
  • New York, NY FULL_TIME
  • Navigate deals through each closing stage with the goal of building and supervising a team of opening agents. Last updated : 2024-02-23
  • 1 Month Ago

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0 Loan Workout Manager jobs found in New York, NY area

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Account Executive
  • Frank Recruitment Group
  • New York, NY
  • Account Executive Location: On-site in our NYC office Are you a highly motivated, sales professional that is looking to ...
  • 3/29/2024 12:00:00 AM

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MASTER PROFILE: Pilates Instructor
  • Xponential Fitness
  • New York, NY
  • Founded in 2007, Club Pilates is the nation's largest and fastest-growing Pilates franchise with locations in 33 states ...
  • 3/29/2024 12:00:00 AM

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Personal Trainer, Midtown Manhattan
  • Equinox
  • New York, NY
  • Company Description OUR STORY Equinox Group is a high growth collective of the world's most influential, experiential, a...
  • 3/29/2024 12:00:00 AM

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Sr Analyst - Restructuring
  • DLA Piper
  • New York, NY
  • DLA Piper is an equal opportunity employer. All qualified applicants will receive consideration for employment without r...
  • 3/29/2024 12:00:00 AM

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PWR Lift Market Manager
  • Vita Coco
  • New York, NY
  • The Vita Coco Company, created in 2004 by Co-CEO Michael Kirban and Ira Liran, produces the leading brand of coconut wat...
  • 3/29/2024 12:00:00 AM

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Genealogy Data Acquisition
  • The Lifetime Value Co.
  • New York, NY
  • About the Job As an Ancestry Data Acquisition Specialist at The Lifetime Value Co., you will be at the forefront of our ...
  • 3/28/2024 12:00:00 AM

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Vice President - Asset Management - NYC Private Credit Investment Management
  • J Harlan Group, LLC
  • New York, NY
  • Vice President - Asset Management NYC Private Credit Investment Firm J Harlan Group is currently conducting a search for...
  • 3/28/2024 12:00:00 AM

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Vice President - Asset Management - Turnaround & Restructuring NYC Private Credit Investment Firm
  • J Harlan Group, LLC
  • New York, NY
  • Vice President - Asset Management - Turnaround & Restructuring NYC Private Credit Investment Firm J Harlan Group is curr...
  • 3/28/2024 12:00:00 AM

The City of New York, usually called either New York City (NYC) or simply New York (NY), is the most populous city in the United States. With an estimated 2017 population of 8,622,698 distributed over a land area of about 302.6 square miles (784 km2), New York is also the most densely populated major city in the United States. Located at the southern tip of the state of New York, the city is the center of the New York metropolitan area, the largest metropolitan area in the world by urban landmass and one of the world's most populous megacities, with an estimated 20,320,876 people in its 2017 M...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$170,128 to $266,650
New York, New York area prices
were up 1.6% 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