Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Who you are:
Retired, semi-retired, or near retirement commercial lender or underwriter:
Professional commercial lender or underwriter:
Who we are: Lucro Commercial Solutions provides commercial underwriting, documentation, and loan servicing to our partners. We serve over 100 credit unions across the nation as well as community banks and lenders. Come join our robust underwriting team of career professionals with over 500 years of aggregate commercial lending experience. Since our inception in 2004 we have underwritten over 20 billion in commercial loans and our partners’ delinquency is a small fraction of the national average.
Learn more about us here: www.lucro.org
We offer:
Essential Functions: Underwriting business loans for all types of commercial transactions. We analyze financial data and provide a recommendation for the credit decision including information to support the recommendation in a standardized format utilizing Excel worksheets and Word templates.
We see commercial loans from all over the country. Lucro will provide you the opportunity to underwrite to your skill level. We underwrite over 300 loans per month which may vary from a $2,500 credit card loan to a $40 million hotel construction loan.
Necessary Skills:
Qualifications:
Lucro loves our employees! Be a part of our family and thrive with us. We offer an extremely competitive benefit package. Lucro is a drug-free workplace.