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Loan Workout Manager jobs in Oregon

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 Manager
  • Portland Local 8 Federal Credit Union
  • Portland, OR FULL_TIME
  • Loan Manager

    Reports to: Chief Executive Officer
    It's fun to work in a company where people truly BELIEVE in what they're doing!

    We're committed to bringing passion and member focus to the business.
     
    Position Purpose:
    Ensure lending policies and procedures best serve the credit union and its members. Manage the day-to-day operation of the loan department. Ensure compliance with state and federal lending laws. Monitor and assess economic conditions affecting the loan department and recommend appropriate action.
      
    Responsibilities
    • Ensure that loan policies, procedures, services, products, and documentation meet federal and state regulations. 
    • Formulate and maintain a loan procedure manual for the loan department that is up-to
    • up-to-date with all regulations and requirements. Ensure staff training and compliance 
    • Establish budgets that support the credit union’s strategic plan for the loan department. Monitor progress regularly. 
    • Maintain up-to-date knowledge of general economic conditions or changing trends that may 
    • affect the credit union’s loan department. Provide timely feedback that allows the credit union to react competitively. 
    • Maintain knowledge of competitor’s rates and terms and other trends relating to 
    • lending. Construct products, rates, and terms that reflect the marketplace. 
    • Provide input and recommendations for lending interest rates 
    • Monitor and coordinate the discretionary and mandatory loan interest rate changes. 
    • Develop, assess, and complete monthly loan reports. Develop procedures and reporting tools for 
    • effective information to flow through the department 
    • The decision of all loans are processed in the Loan department. 
    • Review consumer loan files to ensure quality and that lending policy are followed. 
    • Define appropriate limits of authority for consumer loan personnel, and ensure adequate understanding of the credit union’s loan procedures and policies. 
    • Interview loan applicants, resolve member complaints, and approve or deny loan applications 
    • Responsible for the underwriting and approval of all second mortgage loans issued by the credit union as well as the foreclosure, maintenance, and sale of residential and/or commercial properties that are in default. 
    • Oversee efforts required to develop and establish internal and external programs and relationships with mortgage brokers and others for loan production. 
    • Manage department staff to include setting schedules, approving leave time, reviewing performance annually, recruiting internal applicants, counseling, and disciplining. 
    • Manage loan-related insurance premiums to ensure staff is cross-selling as appropriate GAP/ MBP/ Credit Life/ Credit Disability etc.
    • Ensure all collateralized loans have titles and liens are perfected promptly.
    • Manage all aspects of Loan Servicing. 
     
    Qualifications and Experience:
    • 3-5 years of Lending experience, preferably in a small credit union.
    • An Associate’s degree or equivalent years of experience and/or certifications
    • Possess well-developed professional communication
    • The position requires a high level of organization, management of multiple tasks, the ability to work in a team, and collaboration with others.
    • Ability to work independently and adapt to a fast-changing environment.
    • Proficiency in Microsoft Office.
    • Willingness and ability to exhibit PL8FCU Core Values every day

    Job Requirements:
    • Must be able to stand or sit for prolonged periods.
    • Must be able to remain in a stationary position 50% of the time.
    • The person in this position needs to occasionally move about inside the office to access file cabinets, office machinery, etc.
    • Constantly operate a computer and other office productivity machineries, such as a calculator, copy machine, and computer printer.
    • The ability to communicate information and ideas so others will understand. Must be able to exchange accurate information in these situations.
    • The ability to observe details at close range (within a few feet of the observer).
    • Must be able to occasionally lift items weighing up to 25 pounds across the office and load them onto shelves for various needs.

    For All Candidates:

    This is a Full-Time, Hourly position role.

    PL8FCU is an equal opportunity and affirmative action employer and considers for employment to qualified applicants without regard to race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity or expression, pregnancy, veteran status or any other legally protected characteristic. 

    Portland Local 8 FCU provides equal opportunity to qualified individuals with disabilities and disabled veterans. 

    Disclaimer

    The statements herein are intended to describe the general nature and level of work being performed by team members and are not to be construed as an exhaustive list of responsibilities, duties, and skills required of personnel so classified. Furthermore, they do not establish an employment contract and are subject to change.
  • 3 Days Ago
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Personal trainer
  • WORKOUT ANYTIME.
  • Beaverton, OR FULL_TIME
  • Job Title : High School Sports Specific Personal Trainer Location : Beaverton Workout Anytime, Beaverton, Or Job Type : Part-Time / Full-Time About Beaverton Workout Anytime : Beaverton Workout Anytim...
  • 25 Days Ago
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General Manager
  • Collision General Manager
  • Beaverton, OR FULL_TIME
  • Responsibilities: Actively lead center level performance though: key metrics, quality, individual skill levels and culture Communicate and manage the change process Stay abreast of current vehicle rep...
  • 5 Days Ago
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General Manager
  • Collision General Manager
  • Gresham, OR FULL_TIME
  • ** This position offers bonus potential of up to half the annual salary** Responsibilities: Actively lead center level performance though: key metrics, quality, individual skill levels and culture Com...
  • 20 Days Ago
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C
General Manager
  • Collision General Manager
  • Portland, OR FULL_TIME
  • ** This position offers bonus potential of up to half the annual salary** Responsibilities: Actively lead center level performance though: key metrics, quality, individual skill levels and culture Com...
  • 2 Months Ago
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Personal Trainer
  • Workout Anytime Beaverton
  • Beaverton, OR PART_TIME
  • Now Hiring Personal Trainer and Small Group Instructor! Workout Anytime BeavertonNow Hiring personal trainers to work in our new and existing clubs, one of the fastest-growing Fitness Franchises that ...
  • 1 Day Ago
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Loan Workout Manager jobs at Popular Companies

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Control Room Operator
  • Aethon Energy
  • Dallas, TX
  • Aethon Energy Operating LLC's ("Aethon") Control Room Operator is responsible for monitoring and controlling various pip...
  • 4/19/2024 12:00:00 AM
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ABL Account Executive
  • White Oak Commercial Finance
  • New York, NY
  • Embark on a Dynamic Career as an ABL Account Executive, Portfolio Management at White Oak Commercial Finance (WOCF) At W...
  • 4/19/2024 12:00:00 AM
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Professional Service Coordinator - RethinkEd
  • RethinkFirst
  • Houston, TX
  • Founded in 2007, Rethink Ed, a division of Rethink First, is an educational technology company headquartered in New York...
  • 4/19/2024 12:00:00 AM
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Health Fitness Specialist
  • Exos
  • Camden, NJ
  • The Role: As a Health Fitness Specialist you will: Work with our clients in a corporate fitness center setting Be respon...
  • 4/19/2024 12:00:00 AM
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C
Security Officer
  • City Center Security
  • Fort Worth, TX
  • Job description About: City Center Security is an exclusive security organization which provides asset protection to pri...
  • 4/19/2024 12:00:00 AM
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Administrative Assistant
  • Max Borges Agency
  • Miami, FL
  • We are currently seeking an individual with excellent administrative/organizational skills who can thrive in a fast-pace...
  • 4/19/2024 12:00:00 AM
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Health Fitness Specialist
  • Exos
  • Redwood City, CA
  • Job Summary: Responsibilities: We're seeking a Health Fitness Specialist to join our team! As our new Health Fitness Spe...
  • 4/19/2024 12:00:00 AM
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Technical Solutions Architect
  • Nextracker Inc.
  • Fremont, CA
  • Solutions Architect, Supply Chain The San Francisco Chronicle has recognized Nextracker (Nasdaq: NXT) as one of the Top ...
  • 4/19/2024 12:00:00 AM
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About Oregon

Oregon (/ˈɒrɪɡən/ (listen) ORR-ih-gən) is a state in the Pacific Northwest region on the West Coast of the United States. The Columbia River delineates much of Oregon's northern boundary with Washington, while the Snake River delineates much of its eastern boundary with Idaho. The parallel 42° north delineates the southern boundary with California and Nevada. Oregon is one of only four states of the continental United States to have a coastline on the Pacific Ocean. Oregon was inhabited by many indigenous tribes before Western traders, explorers, and settlers arrived. An autonomous government ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$147,416 to $231,051

Most Popular Cities in Oregon for Loan Workout Manager Jobs

What does a Loan Workout Manager do?

Loan Workout Manager in Wichita Falls, TX
When a bank believes your business has a substantial chance of defaulting on the loan, it has a duty to its shareholders and its regulating agency to protect its interest in your loan. Signs of possible loan default initiate the procedures for a loan workout.
January 25, 2020
Loan Workout Manager in Fort Lauderdale, FL
Banks make money by giving loans and collecting interest from those loans.
December 08, 2019
Loan Workout Manager in Twin Falls, ID
In order to be considered a candidate for this position, many banks require a Bank and Commercial Loan Workout Manager to have a Bachelors or Master’s degree in a field related to Banking Management such as Finance, Project Management, Accounting, etc.
December 22, 2019