Commercial Loan Workout Officer jobs in Arkansas

Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)

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Commercial Loan Officer III
  • CEN
  • Little Rock, AR FULL_TIME
  • GENERAL DESCRIPTION OF POSITION

    The Commercial Loan Officer III is responsible for extending credit within the policies and guidelines set forth in the loan policy and ensuring that all loan decisions, actions, and recommendations are based on an accurate and thorough understanding of each customer's financial needs and conditions and comply with all laws, regulations, and bank policy. This position must properly administer the creditworthiness and documentation of all loans and/or borrowing relationships originated or assigned to the officer.  Further, it is the officer's responsibility to maintain current credit files and proper note and collateral security documents.

    In addition, each officer shall be responsible for:

    A.  Assigning the proper credit rating to loans as defined in this policy at origination and as conditions may change with the normal credit monitoring process.  It is expected that officers should be the first to recognize and report deterioration in the credit quality of a loan or borrowing relationship.  Early identification of problem loans is extremely important to minimizing losses.

    B.  Recommending approval and administer workout programs for problem loans.

    C.  Recommending approval and monitor levels of reserves established for loans serviced by the officer.

    D.  Administering the collection process either internally or with bank counsel complying with all laws and regulations.

    E.  Protecting depositors' funds and stockholders' equity.

    F.  Generating earnings for the bank and its stockholders.

    G.  Promoting and maintain a favorable image for the bank.

    H.  Interviewing loan applicants and makes credit decisions. 

    I.    Responsible for developing new business and  managing existing portfolio. 

    J.   Responsible for collecting past due loans, keeping credit and collateral exceptions within policy ranges.

    K.  Manages a portfolio of loans and may coordinate collection efforts.

    ESSENTIAL DUTIES AND RESPONSIBILITIES

    1. Interviews commercial loan applicants. This duty is performed daily, about 10% of the time.

    2. Examines and evaluates applicants credit and financial history. This duty is performed daily, about 10% of the time.

    3. Examines/Views collateral (if applicable) to determine adequacy. This duty is performed daily, about 10% of the time.

    4. Authorizes or recommends approval/denial of applicant. This duty is performed daily, about 10% of the time.

    5. Approves loan within specified limits or refers to appropriate approval level. This duty is performed daily, about 5% of the time.

    6. Prepares loan offering memorandum. This duty is performed daily, about 10% of the time.

    7. Ensures all loan documents are complete, accurate and in accordance with policy. This duty is performed daily, about 5% of the time.

    8. Closes/Declines loans in a timely manner. This duty is performed daily, about 5% of the time.

    9. Monitors loan portfolio/performance. This duty is performed daily, about 5% of the time.

    10. Corresponds with customers. This duty is performed daily, about 10% of the time.

    11. Recommends changes in risk rating. This duty is performed daily, about 5% of the time.

    12. Collects past due loan payments. This duty is performed weekly, about 5% of the time.

    13. Develops potential loan markets and loan prospects. This duty is performed daily, about 5% of the time.

    14. Completes required BSA/AML training and other compliance training as assigned. This duty is performed annually, about 5% of the time.

    15. The ability to work in a constant state of alertness and in a safe manner.

    16. Perform any other related duties as required or assigned.

    QUALIFICATIONS

    To perform this job successfully, an individual must be able to perform each essential duty mentioned satisfactorily.  The requirements listed below are representative of the knowledge, skill, and/or ability required.

    EDUCATION AND EXPERIENCE

    Broad knowledge of such fields as accounting, marketing, business administration, finance, etc. Equivalent to a four year college degree, plus 6 years related experience and/or training, and 5 years related management experience, or equivalent combination of education and experience.

    COMMUNICATION SKILLS

    Ability to write reports, business correspondence, and policy/procedure manuals;  Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

    MATHEMATICAL SKILLS

    Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane, algebra, solid geometry and trigonometry.

    CRITICAL THINKING SKILLS

    Ability to solve practical problems and deal with a variety of known variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, or diagram formats.

    REQUIRED CERTIFICATES, LICENSES, REGISTRATIONS

    Not indicated.

    PREFERRED CERTIFICATES, LICENSES, REGISTRATIONS

    Not indicated.

    SOFTWARE SKILLS REQUIRED

    Intermediate: Spreadsheet, Word Processing/Typing

    WORKING CONDITIONS

    Somewhat disagreeable working conditions. Continuously exposed to one or two elements such as noise, intermittent standing, walking; and occasional pushing, carrying, or lifting.

    ENVIRONMENTAL CONDITIONS

    The following work environment characteristics described here are representative of those an employee encounters while performing essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    The noise level in the work environment is usually quiet.

    PHYSICAL ACTIVITIES

    The following physical activities described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions and expectations.

    Moderate diversity, low physical. Work activities which allow for a moderate amount of diversity in the performance of tasks which are not as varied as those positions with high-level diversity and decision-making.

    While performing the functions of this job, the employee is regularly required to sit, talk or hear; frequently required to use hands to finger, handle, or feel; and occasionally required to stand, walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision.

    ADDITIONAL INFORMATION

    -College degree in general business, finance, economics or accounting.
    -Five (5) years lending experience.
    -Five (5) years experience with banking, investment, or economic analysis.
    -Two (2) years experience using Microsoft Word and Excel.
    -Must have general computer skills.
    -The ability to communicate using oral and written skills.

    The position may require the use of a vehicle to service customers, administer or participate in civic events, commute to company-owned properties, commute to company-related places of business, or any other purpose considered necessary to the job.  Therefore, this position is classified as a safety sensitive position.

  • 1 Day Ago

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Commercial Loan Officer III
  • Southern Bancorp
  • Dewitt, AR FULL_TIME
  • Who We Are: Southern Bancorp is a different kind of bank. As a Community Development Financial Institution (CDFI), a special certification designated for institutions that serve predominantly underser...
  • 3 Days Ago

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Commercial Loan Officer III
  • Centennial Bank
  • Little Rock, AR FULL_TIME
  • GENERAL DESCRIPTION OF POSITION The Commercial Loan Officer III is responsible for extending credit within the policies and guidelines set forth in the loan policy and ensuring that all loan decisions...
  • 14 Days Ago

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Commercial Loan Officer II
  • CEN
  • Fort Smith, AR FULL_TIME
  • GENERAL DESCRIPTION OF POSITION Responsible for extending credit within the policies and guidelines set forth in the loan policy. Responsible for ensuring that all loan decisions, actions and recommen...
  • 1 Month Ago

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Default Account Servicing Commercial Workout Specialist
  • Arvest Bank
  • Fort Smith, AR FULL_TIME
  • Location: 1701 S Zero St., Fort Smith, AR Exempt: Yes Salary Grade: Grade 14 Summary: SUMMARY: Under the direction of the Director of Commercial Default Account Servicing, the DAS Commercial Workout S...
  • 2 Days Ago

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Loan Officer
  • Bank of 1889
  • Huntsville, AR FULL_TIME
  • Loan Officer Apply Now Responsibilities/Duties Responsible for managing a loan portfolio consisting of consumer, commercial, agriculture and real estate loans. Includes developing business and new ban...
  • 9 Days Ago

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Commercial Loan Officer
  • Cornerstone Lending Group Inc.
  • Irvine, CA
  • We are currently seeking a Commercial Loan Officer to join our team at Cornerstone Lending Group, a mortgage brokerage s...
  • 3/28/2024 12:00:00 AM

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Commercial Loan Officer
  • Wayne Bank
  • Geneva, NY
  • Job Description Job Description Duties: Manages a commercial loan portfolio in the designated service area, provides dir...
  • 3/28/2024 12:00:00 AM

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Commercial Loan Officer
  • Guilford Savings Bank
  • Old Saybrook, CT
  • Job Description Job Description POSITION DESCRIPTION: Responsible for developing and maintaining strong and profitable r...
  • 3/28/2024 12:00:00 AM

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Commercial Loan Officer
  • FIRST BANK AND TRUST COMPANY
  • Kingsport, TN
  • Job Description Job Description First Bank and Trust is seeking a Commercial Loan Officer for our Kingsport, TN office. ...
  • 3/28/2024 12:00:00 AM

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Commercial Loan Officer
  • JCW
  • Bethlehem, PA
  • JCW is partnering with a well established community bank based in New Jersey. They are seeking an experienced Commercial...
  • 3/27/2024 12:00:00 AM

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Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
  • The Symicor Group
  • Austin, TX
  • Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen o...
  • 3/27/2024 12:00:00 AM

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Commercial Loan Officer
  • Bank of Idaho
  • Pasco, WA
  • POSITION DESCRIPTION Responsible for complex installment loans, simple commercial, agriculture, simple operating lines o...
  • 3/27/2024 12:00:00 AM

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Commercial Loan Officer
  • RIO BANK
  • Harlingen, TX
  • Job Description Job Description Overview Rio Bank is a South Texas owned and managed bank with a strong focus on persona...
  • 3/24/2024 12:00:00 AM

Arkansas (/ˈɑːrkənsɔː/ AR-kən-saw)[c] is a state in the southern region of the United States, home to over 3 million people as of 2018. Its name is of Siouan derivation from the language of the Osage denoting their related kin, the Quapaw Indians. The state's diverse geography ranges from the mountainous regions of the Ozark and the Ouachita Mountains, which make up the U.S. Interior Highlands, to the densely forested land in the south known as the Arkansas Timberlands, to the eastern lowlands along the Mississippi River and the Arkansas Delta. Arkansas is the 29th largest by area and the 33rd...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$59,255 to $76,878

Commercial Loan Workout Officer in New Suffolk, NY
Acts as servicing officer for a portfolio of problem commercial loans and deposit relationships.  Primary focus will be on Healthcare and additional sponsor backed transactions.
January 27, 2020
Commercial Loan Workout Officer in Flagstaff, AZ
Acts as servicing officer for a portfolio of problem commercial loans and deposit relationships.
December 08, 2019
Commercial Loan Workout Officer in Medford, OR
Commercial Mortgage OriginatorTrinity Street Capital Partners provides investment banking services for commercial real estate transactions.
December 27, 2019