Loan Workout Manager jobs in Sioux Falls, SD

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)

Recently Added Loan Workout Manager jobs

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Loan Project and Reporting Manager
  • First Bank and Trust
  • Brookings, SD FULL_TIME
  • Overall Functions
    The Loan Project and Reporting Manager will coordinate and direct the daily activity of processing complex loan reporting under limited supervision. Lead and build process and procedure enhancements and facilitate communication and training to ensure accuracy, efficiency, and consistency. This position interacts extensively with other lending and credit business units.

    Qualifications

    This person should have a bachelor’s degree and 6 years of relevant experience, or the equivalent. Experience working with complex loans is required. This person must have strong financial acumen and attention to detail, demonstrating deep knowledge of loan products, software, and accounting functions. The ability to manage more than one initiative while exhibiting excellent oral and written communication skills is key. Collaboration with internal business departments is expected. Strong acumen and experience with CRM and loan operating system technology is preferred.


    Responsibilities
    • Create reporting within loan operating system and CRM of the work generated by loan departments within the credit team.

    • Generate, validate, and balance loan reports to the GL ensuring accuracy. Look for report efficiencies and ways to automate and ensure fields within the loan portfolio are accurate. Consolidate loan reports and ensure accuracy of reports generating from Data Engagement.

    • Drive procedural enhancements and build processes to ensure loan portfolio accuracy into the future. Collaborate to address issues and create solutions to avoid re-occurrences.

    • Serve as an expert with various loan modules in the core banking system. Lead testing for the various loan modules in the testing environment to be deployed/implemented.

    • Write loan scripts to automate processes within loan operations and other loan areas in the bank utilizing Power Automate.

    • Analyze and uncover efficiency opportunities within the loan teams by identifying different processes used by branch staff. Create consistencies with the information obtained and communicate and train where necessary.

    • Serve as a trusted resource for loan staff. Ensure problems and questions are handled efficiently and professionally in a timely manner. Assist in training new staff and existing staff as needed.

    • Be the expert in Shadow Accounting and how the system operates and ensure customer’s loans are operating according to standards set forth by examiners/auditors.

    • Lead and collaborate to write procedures to standardize department operations. Identify, address, and recommend to management necessary policy and procedure changes.

    • Provide feedback to senior leadership and work closely with management to ensure daily, weekly, and monthly goals are met.

    • Act as the primary contact for other departments within the bank- when needed. Prepare necessary audit and exam requests.

    • Complete assigned projects as designated by the manager.

    • Act in accordance with FBT policies and procedures as set forth in the employee handbook.

    • Adhere to compliance procedures and participate in required compliance training.
  • 6 Days Ago
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B
Loan Specialist
  • Bankstar Financial
  • Brookings, SD FULL_TIME
  • Grade: Full-Time, Non-Exempt Supervisor: Joan Langum Schedule: Monday – Friday (8am-5pm) Saturday (rotation 8am-11am) BankStar Financial is a locally owned bank, with a team of dedicated and talented ...
  • 16 Days Ago
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Loan Administrator
  • First Savings Bank (Beresford)
  • Sioux Falls, SD FULL_TIME
  • Who we are We are a family-owned bank committed to providing exceptional service and innovative banking solutions while making a difference in the communities we serve. We take great pride in the rela...
  • 17 Days Ago
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1
Loan Officer
  • 1st Financial Bank USA
  • Sioux Falls, SD FULL_TIME
  • Title: Loan Officer Location: Sioux Falls, SD (This is an on-site position) Builder Finance Inc. (“BFI”) is the growing lender to builders and investors for houses and multi-unit residential. Launched...
  • 20 Days Ago
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C
Loan Officer
  • CrossCountry Mortgage LLC
  • Sioux Falls, SD FULL_TIME
  • We are seeking an experienced mortgage loan officer with strong marketing, communication, and analysis skills to join our team and assist loan applicants in securing the ideal mortgage for their new h...
  • Just Posted
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Loan Assistant
  • US Agriculture, Rural Development
  • Watertown, SD FULL_TIME
  • Duties Reviews loan applications for completeness and conformance with all RD requirements. Assists higher graded loan specialists with application processing by gathering information, entering data i...
  • 10 Days Ago
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0 Loan Workout Manager jobs found in Sioux Falls, SD area

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Sales Associate (26405)
  • Dahl Consulting
  • Sioux Falls, SD
  • Title: Sales Associate Salary: $45k-$70k base + commission Location: Sioux Falls, SD - HYBRID What you’ll do as the Sale...
  • 4/23/2024 12:00:00 AM
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D
Sales Representative (26406)
  • Dahl Consulting
  • Sioux Falls, SD
  • Title: Sales Representative Salary: $36k-$55k base + commission Location: Sioux Falls, SD - HYBRID What you’ll do as the...
  • 4/23/2024 12:00:00 AM
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Insurance Sales Representative ($80 - $100K)
  • PMA USA (Performance Matters Associates, Inc.)
  • Sioux Falls, SD
  • PMA USA (Performance Matters Associates, INC.), is a national company that provides insurance benefits solutions and mar...
  • 4/23/2024 12:00:00 AM
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G
Electrical Engineer
  • Gateway Recruiting - Gateway to Global Careers - Contingent, Retained, Contract Recruiting Services
  • Sioux Falls, SD
  • Job responsibilities include, but are not limited to: Lighting, power, and special electrical systems designed for build...
  • 4/23/2024 12:00:00 AM
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G
Mechanical Engineer
  • Gateway Recruiting - Gateway to Global Careers - Contingent, Retained, Contract Recruiting Services
  • Sioux Falls, SD
  • This position involves mechanical engineering, as well as project management and business development. Job Responsibilit...
  • 4/23/2024 12:00:00 AM
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P
Insurance Sales Representative ($80 - $100K)
  • PMA USA (Performance Matters Associates, Inc.)
  • Sioux Falls, SD
  • PMA USA (Performance Matters Associates, INC.), is a national company that provides insurance benefits solutions and mar...
  • 4/23/2024 12:00:00 AM
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A
Sports Training Specialist Lead - PRN - Dept. Only
  • Avera
  • Sioux Falls, SD
  • *Only applicants that currently work for Avera McKennan in Warwick Basketball Department are eligible to apply. Join the...
  • 4/22/2024 12:00:00 AM
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Business Banker III | Sioux Falls, SD | Full-time (Opens in a new Window)
  • First Bank & Trust
  • Sioux Falls, SD
  • This person underwrites, services, and develops the larger and more complex business loan relationships in a profitable ...
  • 4/22/2024 12:00:00 AM
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About Sioux Falls, South Dakota

Sioux Falls (/ˌsuː ˈfɔːlz/) (Lakota: Íŋyaŋ Okábleča Otȟúŋwahe; "Stone Shatter City") is the most populous city in the U.S. state of South Dakota and the 143rd-most populous city in the United States. It is the county seat of Minnehaha County and also extends into Lincoln County to the south, proximate with the Minnesota state line. It is the 47th-fastest-growing city in the United States and the fastest-growing metro area in South Dakota, with a population increase of 22% between 2000 and 2010. As of 2019, Sioux Falls had an estimated population of 187,200. The metropolitan population of 259,0...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$131,746 to $206,490
Sioux Falls, South Dakota area prices
were up 0.8% from a year ago
View detail

What does a Loan Workout Manager do?

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