Loan Workout Manager jobs in Peoria, IL

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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Manager Trainee - Peoria
  • Tower Loan
  • Peoria, IL FULL_TIME
  • Manager Development Program

    At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectively provide an essential service for customers and become a leader in consumer finance.

    No previous experience is required - we will help you grow your career.

    If you want to work for a company that cares about your career as much as you do, then apply with Tower Loan.

    About Us:

    Tower Loan, one of America’s largest privately owned Consumer Finance companies, has been lending money to our customers for personal loans, home equity loans, and retail sales financing for over 80 years. To learn more about Tower Lower, visit https://bit.ly/3cIWAkt.

    Compensation: Earnings are based on a 45-hour workweek

    • During Training: $38,285 / year (Avg. Annual Earnings) uncapped bonus
    • After Training: $60k - $80k / year (Avg. Annual Earnings and bonus)

    Benefits & Advantages:

    • Skill development & growth opportunities
    • Complete position-based training program
    • Coaching and mentorship
    • Strong hire-from-within policy
    • Competitive salary & unlimited earning potential
    • Comprehensive benefit package
    • Awards, recognition, & appreciation

    Work Hours:

    • The work day begins at 8:15 am; Monday – Friday
    • Overtime and working Saturdays is required based on operational needs
    • As an MT, you will work an average of 45 hours every week
    • Extended office hours can vary based on the size of the branch

    Job Responsibilities:

    • Become proficient in customer service, sales and marketing, finance, and operations
    • Develop long-term customer relationships by listening to customer needs and recommending the best service via phone and in-person
    • Promote additional products to best serve new and existing customers
    • Contact customers regarding payment reminders and arrangements
    • Assist the Branch Manager to exceed established branch goals
    • Learn and provide support in management responsibility duties such as delegating employee workload and analyzing loan documents
    • Become proficient in all aspects of management such as recruitment, staff development, performance management, and leadership

    Required Qualifications:

    • High School degree or equivalent certification
    • Must have a valid driver’s license and reliable vehicle
    • Willingness to relocate upon promotion into management; your preference of relocation is considered, but not guaranteed. (Branch locations: MS, AL, LA, IL, MO, & TX)
    • Employment is contingent upon the successful completion of a background check, drug screening, and credit check.

    #INDHigh

  • 6 Days Ago

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Customer Service Representative - Bloomington
  • Tower Loan
  • Bloomington, IL FULL_TIME
  • Great Opportunity! The heart of Tower Loan lies with our Customer Service Representative! Our representatives provide the best experience to our customers to earn their continued business. At Tower Lo...
  • 22 Days Ago

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Loan consultant
  • Lendigroup
  • Washington, IL FULL_TIME
  • Open your calendars up to a customer base Australia-wide!Lendi's online platform and seamless digital experience means you'll be speaking to customers nationally - regardless of their location - enabl...
  • 17 Days Ago

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Loan Accountant
  • Compeer Financial
  • Bloomington, IL FULL_TIME
  • Loan Accountant Job Category: Accounting Employment Type: Not Indicated Location: IL - Bloomington Email a Friend Save Apply Now Compeer Financial is seeking collaborative, innovative and dynamic prof...
  • 1 Month Ago

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Mortgage Loan Officer/Originator
  • Illinois National Bank
  • Bloomington, IL FULL_TIME
  • Job Description: Summary: Examines, evaluates, and authorizes or recommends approval of customer applications for 1st Mortgage Real Estate loans, HELOC’s, and closed end second mortgages by performing...
  • 21 Days Ago

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Consumer loan specialist
  • OneMain Financial
  • Peoria, IL FULL_TIME
  • At OneMain, Consumer Loan Sales Specialists empower customers - listening to their needs and providing access to friendly, fast, and affordable financing for life's expenses. Consumer Loan Sales Speci...
  • Just Posted

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0 Loan Workout Manager jobs found in Peoria, IL area

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Epileptologist
  • OSF Healthcare
  • Peoria, IL
  • Overview Job Specifics * Illinois Neurological Institute & OSF HealthCare are looking for a Epileptologist or Clinical N...
  • 4/25/2024 12:00:00 AM

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RN UP - CMH Cardiovascular Invasive
  • TotalMed
  • Peoria, IL
  • We are seeking a Registered Nurse-Catheterization Laboratory for a travel assignment in Peoria Illinois.
  • 4/23/2024 12:00:00 AM

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Get Paid Today - Shop via Instacart
  • Instacart Shoppers
  • Peoria, IL
  • FULL-SERVICE SHOPPER Start earning quickly with a flexible schedule Shopping with Instacart is more than grocery deliver...
  • 4/23/2024 12:00:00 AM

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Be your Own Boss - Shop and Deliver
  • Instacart Shoppers
  • Peoria, IL
  • FULL-SERVICE SHOPPER Start earning quickly with a flexible schedule Shopping with Instacart is more than grocery deliver...
  • 4/23/2024 12:00:00 AM

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Cardiac Cath Lab - Registered Nurse
  • Trusted Health
  • Peoria, IL
  • Trusted is seeking an experienced nurse for this exciting travel nursing assignment. Trusted has streamlined the travel ...
  • 4/22/2024 12:00:00 AM

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Nuclear Medicine - Radiologic Tech
  • Trusted Health
  • Peoria, IL
  • Trusted is seeking an experienced allied health professional for this exciting travel assignment. Trusted has streamline...
  • 4/22/2024 12:00:00 AM

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Shop and Deliver with Instacart - Better than Part Time
  • Instacart Shoppers
  • Peoria, IL
  • FULL-SERVICE SHOPPER Start earning quickly with a flexible schedule Shopping with Instacart is more than grocery deliver...
  • 4/22/2024 12:00:00 AM

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Instacart Delivery Driver - Flexible Hours
  • Instacart Shoppers
  • Peoria, IL
  • FULL-SERVICE SHOPPER Start earning quickly with a flexible schedule Shopping with Instacart is more than grocery deliver...
  • 4/21/2024 12:00:00 AM

Peoria (/piˈɔːriə/ pee-OR-ee-ə) is the county seat of Peoria County, Illinois, and the largest city on the Illinois River. Established in 1691 by the French explorer Henri de Tonti, Peoria is the oldest European settlement in Illinois, and is named after the Peoria tribe. As of the 2010 census, the city was the seventh-most populated in Illinois (and the third largest outside the Chicago metropolitan area), with a population of 115,007. The Peoria Metropolitan Statistical Area had a population of 373,590 in 2011. Until 2018, Peoria was the global and national headquarters for Caterpillar Inc.,...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$139,581 to $218,771
Peoria, Illinois area prices
were up 1.3% 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