Commercial Loan Workout Officer jobs in Colorado

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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Loan Workout Specialist
  • InBank
  • Denver, CO FULL_TIME
  • Job Description

    Job Description

    Description : SUMMARY OF JOB :

    SUMMARY OF JOB :

    The Loan Workout Specialist will be responsible for managing distressed loans and assisting clients in resolving their financial difficulties.

    You will analyze the financial situation of borrowers, develop strategies to mitigate risks, and negotiate terms for loan modifications, restructuring, or settlements.

    Additionally, this position will collaborate with various internal departments to ensure compliance with regulations and policies while striving to maximize recovery for the bank.

    • Minimum of 15 years of experience in commercial banking, loan servicing, credit analysis, or a related area, with a focus on loan workouts or distressed asset management is required.
    • $115,000 - $175,000 is the hiring range

    Requirements :

    ESSENTIAL JOB RESPONSIBILITES :

    • Evaluate the financial condition of borrowers with distressed loans, including analyzing financial statements, cash flows, and collateral values.
    • Develop and implement strategies to address loan defaults, delinquencies, and non-performing assets.
    • Conduct thorough assessments of borrower's ability to repay debt obligations and propose appropriate workout solutions.
    • Negotiate with borrowers, guarantors, and other stakeholders to reach agreements on loan modifications, forbearance plans, or settlements.
    • Prepare comprehensive workout proposals and present recommendations to management for approval.
    • Monitor the progress of workout plans, ensuring adherence to agreed terms and timelines.
    • Collaborate with internal stakeholders such as legal, credit risk management, and loan servicing teams to execute workout strategies effectively.
    • Stay updated on regulatory requirements and industry best practices related to loan workouts and distressed asset management.
    • Maintain accurate documentation and records of all workout activities, communications, and agreements.
    • Provide guidance and support to colleagues on loan workout processes and procedures.
    • Maintain current knowledge and follow all bank financial and security regulations and procedures.
    • Embody, embrace, and demonstrate InBank's Core Values : Commitment, Innovation, Responsibility, Teamwork, Happiness, and Authenticity.
    • Other duties as assigned.

    JOB REQUIREMENTS :

    Education : Bachelor's degree in finance, business administration, or a related field. Advanced degree preferred.

    Work Experience : Minimum of 15 years of experience in commercial banking, loan servicing, credit analysis, or a related area, with a focus on loan workouts or distressed asset management.

    Licenses / Accreditations : Professional certification (e.g., CFA, CPA, MBA) preferred.

    Computer Skills : Proficiency in financial analysis tools and software applications.

    Other Requirements : Strong understanding of financial statements, credit analysis, and risk assessment methodologies.

    Excellent negotiation, communication, and interpersonal skills.

    Ability to work independently and collaboratively in a fast-paced environment, managing multiple priorities simultaneously.

    Preferred Skills / Experience Sound knowledge of banking regulations, compliance requirements, and legal aspects of loan workouts.

    Attention to detail and a commitment to maintaining confidentiality and integrity in all dealings.

    The applicant who is selected for this position will be eligible for the following compensation and benefits :

    • Targeted hiring range based on experience : $115,000 - $175,000. This range is an estimate based on potential employee qualifications and other considerations permitted by law under the Colorado Equal Pay for Equal Work Act and Equal Pay Transparency Rules.
    • Bonus Eligibility : Annual bonus based on Company Bonus Plan / Individual Performance and is at the Company Discretion.
    • Benefits : Medical, Dental, Vision insurance. Disability insurance. Employee assistance program. Flexible spending account.

    Health savings account. Life insurance.

    • Paid Time Off : Vacation and sick leave, as well as paid Bank Holidays.
    • 401(k) : Company match begins with the first contribution and follows the company vesting schedule.
    • Other : access to career training and development opportunities, employee discounts.
    • For more about InBank and our culture, visit us here : Who We Are

    InBank is an Equal Opportunity Employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential.

    We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, or any other characteristic protected by applicable federal, state, or local laws.

    PI237452350

    2 days ago
  • 22 Days Ago

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Loan Workout Specialist
  • International State Bank of Raton
  • Denver, CO FULL_TIME
  • Job Description Job Description Description : SUMMARY OF JOB : SUMMARY OF JOB : The Loan Workout Specialist will be responsible for managing distressed loans and assisting clients in resolving their f...
  • 25 Days Ago

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Loan Workout Specialist
  • InBank
  • Englewood, CO FULL_TIME
  • Job Description Job Description SUMMARY OF JOB : The Loan Workout Specialist will be responsible for managing distressed loans and assisting clients in resolving their financial difficulties. You will...
  • 27 Days Ago

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Loan Officer
  • Richmond American Homes
  • Denver, CO FULL_TIME
  • Overview BREAK GROUND ON A REWARDING CAREER WITH US! At MDC Holdings, Inc./Richmond American Homes, we encourage a company culture that promotes professionalism, teamwork, health & wellness and work-l...
  • 21 Days Ago

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Loan Officer
  • Aurora Federal Credit Union
  • Aurora, CO FULL_TIME
  • JOB TITLE: Loan Officer DEPARTMENT: Loan REPORTS TO: Loan Manager EFFECTIVE DATE: July 2023 PAY RANGE: $21.65 - $26.50 POSITION PURPOSE Provide information on credit union products and services to mem...
  • 24 Days Ago

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Loan Officer
  • Mann Mortgage LLC
  • Grand Junction, CO FULL_TIME
  • Description We’re Hiring Experienced Loan Officers NOW!Mann Mortgage, a growing multi-state, community-anchored, mortgage lending company dedicated to helping aspiring borrowers fulfill the dream of h...
  • 6 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
  • WorldBridge Partners - Leaders in Recruiting and Executive Search
  • Community Bank – Commercial Loan Officer Summary: Originates commercial loans. Promotes the bank and its lending service...
  • 3/25/2024 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

Colorado (/ˌkɒləˈrædoʊ, -ˈrɑːdoʊ/ (listen), other variants) is a state of the Western United States encompassing most of the southern Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains. It is the 8th most extensive and 21st most populous U.S. state. The estimated population of Colorado was 5,695,564 on July 1, 2018, an increase of 13.25% since the 2010 United States Census. The state was named for the Colorado River, which early Spanish explorers named the Río Colorado for the ruddy silt the river carried from the mountains. The...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$65,692 to $85,230

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