Banking & Commercial Loan Workout Manager jobs in Michigan

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)

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Commercial Loan Portfolio Manager
  • ELGA Credit Union
  • Grand Blanc, MI FULL_TIME
  • ELGA Credit Union
    Commercial Loan Portfolio Manager

    Department: Commercial
    Reports To: Director of Commercial Services
    Classification: Exempt
    Supervises Direct: 2
    Supervises Indirect: 1

    Role:
    Responsible for providing and ensuring exceptional member experience to both internal and external members in alignment with credit unions service standards. Position is responsible for the development and administration of a sound credit culture by appropriately assessing the risk, and diligently managing the portfolio. Performing duties within credit union regulations, procedures, and policies as well as all state and federal guidelines. This individual will be a partner to our team of Commercial Lenders, striving to balance sales and credit quality goals and be looked to as an expert on structuring and credit policy. This individual will be responsible for cash flow and financial spreads in support of annual reviews/ new loan origination, financial analysis of client/prospect financial statements, projections, and business plans, borrower covenant compliance, loan modification/ renewal support as well as real estate appraisal reviews and validation. In addition, the Commercial Loan Portfolio Manager directs and coordinates the credit analysis function, including the application and review of commercial lending procedures and practices by performing commercial loan underwriting

    Essential Functions & Responsibilities:

    30% = Manages directs and coordinates all activities of the credit department to ensure achievement of strategic credit and lending objectives. Developing and implementing procedures and practices concerning underwriting in accordance with Credit Union Policies and Regulations. Responsible for internal loan review program to ensure that loan related activities follow policy and all federal and state laws and regulations. Responds as needed to loan review and regulatory agencies as exams are being performed and works with commercial services team and leadership to address externally and internally identified exceptions including loan documentation, credit data and credit administration. Ensures soundness of the portfolio by consistently monitoring the credit performance through financial analyses, annual performance reviews, adherence to covenants, collateral adequacy, delinquencies, and credit problems. Brings forward all issues to loan officer and Director of Commercial Services.

    25% - Effectively communicates with internal and external members and prospective members in alignment with the credit unions service standards. Assisting members or commercial services team members in a timely manner promoting teamwork, respect of opinions, abilities, and contributions of others as part of a cooperative and collaborative environment for the benefit of the organization.

    20% - Supports commercial loan officers in continually monitoring information concerning customer performance and industry to determine that new and existing loans are of an acceptable risk, including assisting in tracking and completion of Annual Review Process and Covenant Monitoring. Includes on-going portfolio maintenance activities and member support for existing credits and prospects. Including monitoring performance of commercial loan portfolio to ensure conformity with lending terms, loan policy and regulatory information.

    20% - Works with loan officers to underwrite financing requests for new and existing members by reviewing financial information and related projections, and cash flow data. Writing clear and concise credit memorandum for lending relationships that highlight key information and areas of concern. Directs follow up with guarantors to obtain required information. Ascertains existence of any regulatory or state compliance requirements that need to be formally addressed prior to credit approval.

    5% - Performs other job-related duties as assigned.

    Performance Measurements:

    1. To take full responsibility for your own success with no excuses and to add comments to performance management system on your accomplishments.
    2. To meet established expectations of ELGA's Core Factors including but not limited to Accountability, Attitude, Communication, Competence, Continuous Improvement & Innovation and Relationship Building.

    Knowledge and Skills:

    Experience: Three years to five years of similar or related experience.

    Education: (1) A bachelor's degree, or (2) achievement of formal certifications recognized in the industry as equivalent to a bachelor's degree (e.g., information technology certifications in lieu of a degree).

    Interpersonal Skills: Work involves much personal contact with others inside and/or outside the organization for the purpose of first-level conflict resolution, building relationships, and soliciting cooperation. Discussions involve a higher degree of confidentiality and discretion, requiring diplomacy and tact in communication.

    Other Skills:
    1. Knowledge and proficient use of Microsoft computer applications to include Word, Excel, and Access.
    2. Effective verbal and written communication skills; ability to maintain confidentiality of information as appropriate.
    3. Must be capable of operating all types of office equipment including computer, copy machine, fax, and telephone.

    Work Environment: Work is primarily conducted in the office with flexibility for occasional remote work.

    This Job Description is not a complete statement of all duties and responsibilities comprising the position.
  • 17 Days Ago

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Commercial Loan Funding-Boarding Manager
  • Fifth Third Bank
  • Grand Rapids, MI FULL_TIME
  • Make banking a Fifth Third betterWe connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.GENERAL FUNCTION: The Commercial ...
  • 12 Days Ago

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Property Manager - Commercial
  • Martin Commercial Properties
  • East Lansing, MI FULL_TIME
  • Martin is seeking an experienced, dynamic Commercial Property Manager to join our collaborative team of professionals and manage a portfolio of multiple and/or single-building commercial real estate p...
  • 21 Days Ago

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Loan Assistant/Loan Specialist (Commercial)
  • Agriculture, Rural Development
  • Gladstone, MI FULL_TIME
  • Summary This position is located in a Michigan, Area Office in USDA / Rural Development (RD). It is a developmental position with duties designed to provide training and development to prepare the inc...
  • 25 Days Ago

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Commercial Loan Administrative Assistant
  • Southern Michigan Bank & Trust
  • Portage, MI FULL_TIME
  • Department: Commercial Loans FLSA Status: Non-Exempt SUMMARY This position is responsible for overseeing the preparation and execution of commercial loan packages and maintaining all necessary loan do...
  • 19 Days Ago

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Commercial Loan Relationship Associate
  • Arbor Financial Credit Union
  • Kalamazoo, MI FULL_TIME
  • DescriptionJob Title: Commercial Loan Relationship AssociateFLSA: ExemptFunction: Commercial BankingReports To: Vice President – Commercial BankingPurpose: Primary goal is to grow, develop, and retain...
  • 19 Days Ago

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Commercial Manager
  • Sims Metal
  • Williamsport, PA
  • About Sims Metal Sims Metal (Sims) is a global leader in metal recycling. With facilities across the globe, Sims plays a...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • AtkinsRealis
  • South Burlington, VT
  • The Commercial function provides advice on and analysis of commercial risks in the business, commercial sales and procur...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • Inditex
  • Norwalk, CT
  • About us Zara offers the latest fashion trends for women, men and children. An international brand with stores in the ma...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • Sims Metal
  • Coatesville, PA
  • About Sims Metal Sims Metal (Sims) is a global leader in metal recycling. With facilities across the globe, Sims plays a...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • Arcadis Global
  • New York, NY
  • Arcadis seeking a Commercial Manager for a large program in New York. Arcadis is the world's leading company delivering ...
  • 3/27/2024 12:00:00 AM

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Commercial Manager
  • Derrick Corporation
  • Buffalo, NY
  • The core responsibility of the Commercial Manager within the Industrial Minerals Sector is to increase the adoption of D...
  • 3/26/2024 12:00:00 AM

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Commercial Manager
  • Clinton Electric Co.
  • Full Job Description Clinton Electric Co. is a leading electrical company in the Greater Baltimore Area. For over 50 yea...
  • 3/25/2024 12:00:00 AM

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Commercial Manager
  • Code19 Racing
  • Code19 Racing is adding a key member to our growing team. Code19 Racing is an autonomous tech startup on the lookout for...
  • 3/24/2024 12:00:00 AM

Michigan consists of two peninsulas that lie between 82°30' to about 90°30' west longitude, and are separated by the Straits of Mackinac. The 45th parallel north runs through the state—marked by highway signs and the Polar-Equator Trail—along a line including Mission Point Light near Traverse City, the towns of Gaylord and Alpena in the Lower Peninsula and Menominee in the Upper Peninsula. With the exception of two small areas that are drained by the Mississippi River by way of the Wisconsin River in the Upper Peninsula and by way of the Kankakee-Illinois River in the Lower Peninsula, Michigan...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$166,099 to $238,702

Banking & Commercial Loan Workout Manager in Harrisburg, PA
First of all, be honest (remember, if you get this job, the hiring manager will be calling your former bosses and co-workers!).
February 01, 2020
Banking & Commercial Loan Workout Manager in Abilene, TX
For this reason, it is in a banks best interest to renegotiate loans that are in, or near, default status.
February 13, 2020
Banking & Commercial Loan Workout Manager in Ann Arbor, MI
Explain what are your strengths As Banking Commercial Loan Workout Manager.
January 03, 2020