Loan Workout Manager jobs in Trenton, NJ

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 Officer
  • First Bank - NJ
  • Hamilton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.

    We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank’s 401k Plan.

    Position Summary:
    Responsible for managing, monitoring, and resolving the bank's deteriorating and non-performing commercial and consumer loans. Other responsibilities will include participating in negotiations and related proceedings involving complex and difficult cases including SBA related loans; reviewing operational issues, verifying collateral, and pursuing collection opportunities; and having direct contact with borrowers and third-party vendors. This position calls for a strategic individual who thrives in a fast-paced environment who excels at problem resolution and managing various priorities simultaneously.

    Duties & Responsibilities:

    1. Manage a portfolio of problem loans and assist Loan Workout Manager with recommendations in the workout and foreclosure process, including Troubled Debt Restructurings, Forbearance Agreements and Deeds-In-Lieu of Foreclosure.

    2. Assist with management of the OREO portfolio.

    3. Coordinate with outside attorneys on more complex accounts, utilizing more in-depth knowledge of legal guidelines.

    4. Reviews workout plans and recommendations with department management. Provides background information on accounts and supports recommendations with clear explanations of data, reasoning, and analysis.

    5. Attends auctions of seized property to make minimum bids on assets to protect Company's financial position.

    6. Attends and participates in portfolio reviews and committee meetings and makes recommendations on approval documents.

    7. Completing other tasks as assigned.

    Qualifications:

    1. College Degree (B.S./B.A.) or equivalent job experience.

    2. 7-10 years Commercial Banking/Loan Workout experience.

    3. Knowledge of banking products, banking procedures and guidelines.

    4. Problem Solving and problem resolution skills.

    5. Strong oral and written communication skills.

    6. Ability to work independently.

    7. Excellent interpersonal skills.

    8. Professional demeanor and appearance.

    9. Self-motivated.

    10. Proficient in Microsoft Office.

    First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.

    Job Type: Full-time

    Pay: From $103,000.00 per year

    Benefits:

    • 401(k)
    • 401(k) matching
    • Dental insurance
    • Health insurance
    • Paid time off

    Compensation package:

    • Bonus opportunities

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift
    • Monday to Friday

    Work setting:

    • In-person

    Experience:

    • Commercial Banking/Loan Workout: 7 years (Preferred)

    Ability to Commute:

    • Township of Hamilton, NJ 08690 (Preferred)

    Work Location: In person

  • 6 Days Ago

I
Loan Officer
  • Inspire Culture First
  • Newtown, PA FULL_TIME
  • With 4 branches in Bucks County, PA and $300 million in assets and over 15,000 members, we’re seeking an energetic professional to join our growing team as a full-time Loan Officer. The Loan Officer w...
  • 9 Days Ago

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Loan Processor
  • The Lending Group CO
  • Southampton, PA FULL_TIME
  • Are you a junior, detail-oriented mortgage loan processor who can successfully aid applicants in navigating the mortgage lending process? If so, we are looking for you! We are currently seeking a skil...
  • 14 Days Ago

D
Loan Officer
  • De Novo HRConsulting & Business Advisory
  • Richboro, PA FULL_TIME
  • Our client, Lending Team Inc., is looking to add a Loan Officer to the team. The Junior Loan Officer facilitates residential mortgage loans and advises borrowers on available finance options. This inc...
  • 3 Days Ago

F
Loan Documentation Specialist
  • First Bank - NJ
  • Trenton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.We of...
  • 10 Days Ago

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Mortgage Loan Officer
  • Penn Community Bank
  • Bristol, PA FULL_TIME
  • Mortgage Loan Officer Job Locations US-PA-Bristol Job ID 2021-1550 # of Openings 1 Category Residential Lending Overview Responsible for soliciting and originating mortgage loan products for the Bank,...
  • 10 Days Ago

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0 Loan Workout Manager jobs found in Trenton, NJ area

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Crunch Fitness- Personal Trainer (Part Time)
  • Crunch Fitness
  • Bensalem, PA
  • Are you looking for a career opportunity in one of the fastest growing fitness clubs? Crunch Fitness is now accepting ap...
  • 3/17/2024 12:00:00 AM

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Personal Trainer (SM)
  • The Edge Fitness Clubs
  • Philadelphia, PA
  • Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
  • 3/17/2024 12:00:00 AM

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Customer Connections Representative
  • HPARAS CONSULTING GROUP INC
  • Princeton, NJ
  • Job Description Job Description Entry Level Customer Connection Representative - Full Time - Paid Training Hparas Consul...
  • 3/16/2024 12:00:00 AM

O
Group Fitness Coach
  • Orangetheory Fitness Princeton
  • Princeton, NJ
  • Job Description Job Description Job Description The ideal candidate will be a currently certified coach who would like t...
  • 3/16/2024 12:00:00 AM

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Yoga Instructor (SM)
  • The Edge Fitness Clubs
  • Philadelphia, PA
  • Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
  • 3/16/2024 12:00:00 AM

T
Les Mills Instructor (DL)
  • The Edge Fitness Clubs
  • Riverside, NJ
  • Job Description Who We ARE: When you work at the Best. Gym. Ever, you join the Best. Team. Ever. You'll walk into our cl...
  • 3/16/2024 12:00:00 AM

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Fitness Trainer
  • Planet Fitness Inc.
  • Fort Washington, PA
  • Job Summary The Fitness Trainer will be responsible for running the Planet Fitness group fitness program (PE@PF). This i...
  • 3/15/2024 12:00:00 AM

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Fitness Instructor/Trainer
  • Planet Fitness Inc.
  • Burlington, NJ
  • Job Summary The Fitness Instructor will be responsible for running the Planet Fitness group fitness program (PE@PF). Thi...
  • 3/15/2024 12:00:00 AM

According to the United States Census Bureau, the city had a total area of 8.155 square miles (21.122 km2), including 7.648 square miles (19.809 km2) of land and 0.507 square mile (1.313 km2) of water (6.21%). Several bridges across the Delaware River – the Trenton–Morrisville Toll Bridge, Lower Trenton Bridge and Calhoun Street Bridge – connect Trenton to Morrisville, Pennsylvania, all of which are operated by the Delaware River Joint Toll Bridge Commission. Trenton is located near the exact geographic center of the state, which is 5 miles (8.0 km) located southeast of Trenton. The city is so...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$157,925 to $247,523
Trenton, New Jersey area prices
were up 1.5% from a year ago

Loan Workout Manager in Chicago, IL
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Loan Workout Manager in Louisville, KY
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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