Commercial Loan Workout Officer jobs in Washington

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
  • Community Bank
  • College Place, WA FULL_TIME
  • Description

    Develop and manage loan accounts that meet established lending requirements and provide maximum profitability to the Bank at minimum risk.


    Statement of Expectations:


    Community Bank expects all employees to comply with the responsibilities of their assigned position to the highest degree of performance by:

    • Adhering to the Company’s policies and supporting Management decisions and goals in a positive, professional manner.
    • Representing Community Bank with a high level of integrity and professionalism.
    • Maintaining knowledge and understanding of banking rules, regulations, laws and all policies and procedures pertaining to them including, but not limited to, the Bank Secrecy Act.
    • Demonstrating a willingness to adapt to changing business needs and deadlines.
    • Possessing a work ethic that includes neatness and punctuality.
    • Exhibiting a professional, business-like appearance and demeanor.

    Requirements

    • Provide services for commercial loans under the guidelines of Community Bank’s loan policy including but not limited to:

    o Interviewing customers seeking loans;

    o Collecting and analyzing financial and related data to determine general creditworthiness;

    o Rejecting or approving loans and terms within officers’ limits and established Bank policies;

    o Monitoring loan repayment activities and taking necessary action to collect from past-due accounts; and

    o Handling consumer/installment loans as needed.

    • Conduct preliminary financial analysis’ to determine if applicants meet established minimum criteria and inform them of the outcome.  Explain alternatives, if any, to restructure loans to meet lending requirements if criteria is unacceptable.  Forward applications for further processing if needed.
    • Inform prospective borrowers of loan commitment.
    • Cross-sell bank services.
    • Undertake special projects relating to department services as assigned by Chief Credit Officer and/or Senior Management.
    • Perform field work as necessary to locate and collect delinquent loan payments or secure collateral. 
    • Responsible for completing all digital, in-person and other training courses as assigned.
    • Perform other duties as assigned. 

    Proficiencies

    • Good written and oral communication skills; ability to communicate effectively and project a professional image when giving and taking information in writing, in person and over the phone.
    • Solid word processing and computer database skills.
    • Effective interpersonal skills with the ability to work with individuals and groups at all organization levels; ability to work independently and as part of a team.
    • Ability to take initiative and prioritize tasks; good time-management, organizational, problem-prevention and problem-solving skills.
    • Knowledge and understanding of banking rules, regulations, laws and all policies and procedures pertaining to them including but not limited to the Bank Secrecy Act.
    • Strong analytical ability with active listening skills.
    • Ability to work accurately with close attention to detail.
    • Ability to maintain confidentiality of sensitive information.
    • Ability to study and apply new information.


    Education and Experience


    • Bachelor’s degree in Business Administration or equivalent education/experience.

    • Four (4) to five (5) years of lending experience.

    • Possess a valid driver’s license. 

    • Must be bondable.


     COMPANY BENEFITS

    • Comprehensive employee benefits, including: medical, dental, vision, LTD, and life insurance, HSA contribution
    • Paid vacation, sick, plus federal holidays
    • 401k with employer match
    • Tuition reimbursement
    • Employee stock/profit sharing plan


  • 1 Month Ago

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Commercial Loan Officer
  • Global Credit Union
  • Spokane, WA FULL_TIME
  • Overview Reports To: Varies by location Functions Supervised: None Primary Functions: Responsible for developing new business, structuring, underwriting, and closing of business and commercial loans, ...
  • 1 Month Ago

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Commercial Loan Officer
  • Wheatland Bank
  • Wenatchee, WA FULL_TIME
  • About The RoleNorth Cascades Bank, is seeking a Commercial Loan Officer to be an integral part of our team. The Commercial Loan Officer develops new commercial loan business and manages a portfolio of...
  • 1 Month Ago

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Commercial Loan Officer
  • Glacier Bancorp, Inc.
  • Wenatchee, WA FULL_TIME
  • About The RoleNorth Cascades Bank, is seeking a Commercial Loan Officer to be an integral part of our team. The Commercial Loan Officer develops new commercial loan business and manages a portfolio of...
  • 1 Month Ago

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Chief Financial Officer
  • Olympia Federal Savings & Loan Association
  • Olympia, WA FULL_TIME
  • DescriptionOlyFed employees love the places we work and the communities we serve. In addition to a generous benefit package and opportunities for career growth, OlyFed employees are able to boast abou...
  • 10 Days Ago

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REGIONAL LOAN MANAGER
  • Sound Commercial Capital Group
  • Bellevue, WA FULL_TIME
  • We are seeking a creative, organized, detail-oriented self-starter to join our Sound Commercial Capital Group, Inc. as a Regional Loan Manager. We are a Commercial Loan Brokerage with a national prese...
  • 8 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

Washington (/ˈwɒʃɪŋtən/), officially the State of Washington, is a state in the Pacific Northwest region of the United States. Washington is the northwestern-most state of the contiguous United States. It borders Idaho to the east, bounded mostly by the meridian running north from the confluence of the Snake River and Clearwater River (about 116°57' west), except for the southernmost section where the border follows the Snake River. Oregon is to the south, with the Columbia River forming the western part and the 46th parallel forming the eastern part of the Oregon-Washington border. To the wes...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$69,762 to $90,511

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