Commercial Loan Workout Officer jobs in Massachusetts

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
  • Northern Bank
  • Woburn, MA FULL_TIME
  • The Commercial Loan Officer is responsible for developing new client relationships primarily in Middlesex County to increase the loan portfolio and associated deposit balances.

    ESSENTIAL FUNCTIONS

    • Develop a diverse commercial loan portfolio through actively seeking new business.
    • Assist in all phases of the loan life cycle (from application to close) by:
      • Identifying and evaluating commercial loan opportunities.
      • Present and recommend appropriate loans to the Bank’s credit committee.
      • Compile necessary information needed for underwriters to accurately evaluate the deal.
      • Consistently communicate with the borrower and Bank staff throughout the loan process.
      • Work with the loan closing team and Bank’s attorney to close the loan.
    • Meet and exceed annual lending goals set forth by the Bank.
    • Understand Bank credit policy as well as regulatory requirements to ensure all loans are in compliance.

    JOB QUALIFICATIONS

    • 5 years of commercial lending experience including both C&I and CRE loans
    • Strong understanding of credit risk and sound underwriting principles.
    • Strong understanding of the Banking industry and the regulatory requirements associated with it
    • Bachelor’s degree in Business, Finance, and/or Accounting preferred
    • Excellent communication and organization skills.
    • Strong analytical and computer skills including Microsoft Office products and lending programs
    • Proven track record of relationship/portfolio management as well as loan origination

    About Northern Bank & Trust Company

    Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of $2.65 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).

  • 22 Days Ago

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Commercial Loan Officer - Plymouth
  • Rockland Trust
  • Plymouth, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 24 Days Ago

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Commercial Loan Officer - Plymouth
  • Rockland Trust Career Site
  • Plymouth, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 25 Days Ago

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Commercial Loan Officer (C&I)
  • Make Your Move
  • Salem, MA FULL_TIME
  • Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees...
  • 1 Day Ago

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Senior Commercial Loan Officer
  • Lowell Five Bank
  • Tewksbury, MA FULL_TIME
  • ABOUT LOWELL FIVE With nearly $1.7 billion in assets, over 200 employees, and 15 banking center locations throughout the Merrimack Valley and Southern New Hampshire, Lowell Five is honored to play a v...
  • 5 Days Ago

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Commercial Loan Officer-Waltham
  • Rockland Trust
  • Waltham, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 12 Days Ago

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Commercial Loan Officer
  • Strivector
  • Phoenix, AZ
  • THE JOB As a Commercial Loan Officer , your roles and responsibilities will include: Generate new C&I, CRE and business ...
  • 3/29/2024 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...
  • 3/29/2024 12:00:00 AM

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Commercial Loan Officer
  • First National Bank
  • Minneapolis, MN
  • Who we are We are a family-owned bank committed to providing exceptional service and innovative banking solutions while ...
  • 3/29/2024 12:00:00 AM

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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
  • 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
  • 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 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
  • 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

Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$70,764 to $91,810

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