Loan Workout Officer restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Why join Straits Area Federal Credit Union?
Here at SAFCU, we take pride in giving our members the best experience and service available. In order to achieve our goal, we understand that it starts with our employees. For this reason, we have created an atmosphere that allows each employee to reach their highest potential and set them up for success in the future.
Purpose of a loan officer
Effectively establish relationships with members, identify their needs and wants, then offer appropriate solutions in a way that exhibits value along with the risks and benefits.
Responsibilities
• Take applications by phone, online, or in person
• Find the motivation for the applications
• Collect the necessary documents needed to make an informed decision on the loan
• When necessary, deny members of their loan in a professional courteous manner.
• Comply with all policies, laws, and regulations
Knowledge and Skill Requirements
• High school diploma or equivalent
• Basic computer skills
• Strong verbal and written communication skills
• Self motivated
• Organized
*Experience in the lending field is beneficial but not required
Benefits of working at Straits Area Federal Credit Union
• Competitive pay with opportunities for annual raises, promotions, and bonuses
• Substantial 401k contributions
• Free individual health insurance
• Promote from within whenever possible
• We value making an impact in the community with involvement in many different events/organizations
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0 Loan Workout Officer jobs found in Saginaw, MI area