Commercial Loan Workout Officer jobs in Illinois
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)
Recently Added Commercial Loan Workout Officer jobs
Commercial Loan Officer
- 1ST MIDAMERICA CREDIT
-
Bethalto, IL
FULL_TIME
-
1st MidAmerica Credit Union
Job Description
Commercial Loan Officer
Role:
To interview commercial loan applicants, evaluate applicants’ financial status and create loan packages and payment plans within Credit Union policies and guidelines. Present and sell commercial loan and deposit products to existing members and prospects.
Essential Functions & Responsibilities:
Meet with commercial loan applicants to determine and understand their loan and deposit needs. Collects and analyzes financial statements and credit data to determine general credit worthiness. Renders underwriting decisions within approval authority. Generates loan offerings and loan presentations. Completes or directs the completion of all loan documents to be prepared in accordance with loan approval and legal requirements.
Calls on members to expand existing relationships. Calls on prospects and attends various community affairs to increase the Credit Union’s visibility and to create new business opportunities.
Monitors existing loan portfolio, maintains up-to-date financials from borrowers and conducts annual reviews and loan renewals.
Monitors loan repayment activities and takes necessary action for collection on past due loans.
Performs other job related duties as assigned.
Performance Measurements:
1.
To provide informed professional and accurate service to members and prospects.
2.
To produce the loan activity and portfolio growth as set forth in goals and budgets.
3.
To produce the deposit activity and portfolio growth as set forth in goals and budgets.
4.
To demonstrate business development activities to reach goals and objectives.
5.
To ensure approved loans comply with Credit Union policy, procedures and legal regulations.
6.
To ensure delinquency ratio and charge off results meet targeted goals.
Knowledge and Skills:
Experience
Two to three years of similar or related experience.
Education
Bachelor’s degree in finance, business or in a related field.
Interpersonal Skills
Work involves extensive personal contact with business owners and stakeholders and is of a confidential nature. Work involves making presentations to business leaders and credit union management.
Other Skills
Excellent organizational and communication skills. Ability to negotiate terms and conditions and influence decision makers and others. Ability to understand financial statements Proficient with MS Office, Excel and Word.
Disclaimer:
Must be able to work and travel to different credit union locations as determined by management.
This Job Description is not a complete statement of all duties and responsibilities comprising the position. - 7 Days Ago
Commercial Loan Officer
- First Neighbor Bank
-
Arthur, IL
FULL_TIME
- First Neighbor Bank is an employee-owned, community-oriented company that offers a fun, family-focused atmosphere, great company culture and an excellent benefits package! Exciting Opportunity Alert! ...
- Just Posted
Commercial/Agriculture Loan Officer
- Warren-Boynton State Bank
-
Berlin, IL
FULL_TIME
- Warren-Boynton State Bank serves its customers and communities by remaining a strong and stable community bank focused on providing high quality financial products and personal service. The bank has a...
- 15 Days Ago
Commercial/Agricultural Loan Officer
- CNB Bank and Trust, N.A.
-
CARROLLTON, IL
FULL_TIME
- Commercial/Ag Loan Officer Join a thriving community bank where customer service and community involvement are valued. We’re seeking a sales-oriented commercial lender with 5 years of commercial lendi...
- 19 Days Ago
Commercial/Ag Loan Officer
- Bank of Hillsboro, N.A.
-
Greenville, IL
FULL_TIME
- Job Title: Commercial Loan Officer Category: Banking / Finance Location: Vandalia, IL & Greenville, IL (spilt market) Experience preferred: 5 years banking, finance or accounting background. At Bank o...
- 27 Days Ago
Commercial Loan Officer I
- Self-Help External
-
Chicago, IL
FULL_TIME
- WHO We Are: Self-Help started in 1980 with a focus on economic inequality, especially in communities that have faced systemic barriers in building wealth. At the core of what Self-Help does is a drive...
- 2 Months Ago
Commercial Loan Workout Officer jobs at Popular Companies
Commercial Loan Officer
- Terrydale Capital
-
Dallas, TX
- Terrydale Capital is in need of a Commercial Loan Officer to join our growing team! We are actively searching for a dedi...
- 5/10/2024 12:00:00 AM
Commercial Loan Officer
- Chain Bridge Bank, N.A.
-
McLean, VA
- Job Title: Commercial Loan Officer Department: Commercial Lending FLSA Status: Non-Exempt Reports to: SVP, Commercial Lo...
- 5/10/2024 12:00:00 AM
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...
- 5/9/2024 12:00:00 AM
Commercial Loan Officer
- Guilford Savings Bank
-
Old Saybrook, CT
- Job Description Job Description POSITION DESCRIPTION: Responsible for developing and maintaining strong and profitable r...
- 5/8/2024 12:00:00 AM
Commercial Loan Officer
- Matador Realty Group
-
Houston, TX
- Description Do you have a proven track record of creating lending solutions for your clients and a desire to assist buye...
- 5/8/2024 12:00:00 AM
Commercial Loan Officer
- Frontline Recruit
-
- Our client is a great community in the Sioux Falls market and they're looking for a strong commercial lender with some g...
- 5/8/2024 12:00:00 AM
Commercial Loan Officer
- CNB Bank
-
Carlsbad, NM
- Job Description Job Description CNB Bank Job Description Job Title: Loan Officer Department: Loans Reports To: SVP/Comme...
- 5/8/2024 12:00:00 AM
Commercial Loan Officer
- Bank of Idaho
-
Idaho Falls, ID
- POSITION DESCRIPTION Responsible for complex installment loans, simple commercial, agriculture, simple operating lines o...
- 5/6/2024 12:00:00 AM
About Illinois
Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross domestic product (GDP),
the sixth largest population, and the 25th largest land area of all U.S. states. Illinois is often noted as a microcosm of the entire United States. With Chicago in northeastern Illinois, small industrial cities and immense agricultural productivity in the north and center of the state, and natural resources such as coal, timber, and petroleum in the south, Illinois has a diverse economic base, and is a major transportation hu...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$66,804 to $86,675
Most Popular Cities in Illinois for Commercial Loan Workout Officer Jobs
What does a Commercial Loan Workout Officer do?
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