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)
Job Title: Commercial Loan Officer
Reports To: Director of Loan Operations
Direct Subordinates: None
Duties and Responsibilities:
Basic Functions: Serve as contact person for the Bank’s commercial clients in the designated service area. Under general supervision and in accordance with established policies and procedures, originates, underwrites, obtains approval of, and closes commercial loans. Is responsible for calling on prospective customers to promote new business for the Bank as well as retaining current commercial relationships.
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Description of Physical Demands and Work Environment:
These are essential functions of this position, in conjunction with the Americans with Disabilities Act. Note: Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions of this position. The Hicksville Bank is an Equal Opportunity Employer.
Job Type: Full-time
Pay: From $70,000.00 per year
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Work Location: In person