Commercial Loan Workout Officer jobs in the United States

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)

F
Loan Workout Officer
  • First Bank - NJ
  • Hamilton, NJ FULL_TIME
  • Our goal is to hire and retain talented people with engaging personalities and exceptional work ethics. We believe in recognizing and rewarding employees who consistently perform at a high level.

    We offer competitive salaries based upon experience and a comprehensive benefits package upon satisfying eligibility conditions, including health and dental insurance, life insurance, short term and long term disability, and the Bank’s 401k Plan.

    Position Summary:
    Responsible for managing, monitoring, and resolving the bank's deteriorating and non-performing commercial and consumer loans. Other responsibilities will include participating in negotiations and related proceedings involving complex and difficult cases including SBA related loans; reviewing operational issues, verifying collateral, and pursuing collection opportunities; and having direct contact with borrowers and third-party vendors. This position calls for a strategic individual who thrives in a fast-paced environment who excels at problem resolution and managing various priorities simultaneously.

    Duties & Responsibilities:

    1. Manage a portfolio of problem loans and assist Loan Workout Manager with recommendations in the workout and foreclosure process, including Troubled Debt Restructurings, Forbearance Agreements and Deeds-In-Lieu of Foreclosure.

    2. Assist with management of the OREO portfolio.

    3. Coordinate with outside attorneys on more complex accounts, utilizing more in-depth knowledge of legal guidelines.

    4. Reviews workout plans and recommendations with department management. Provides background information on accounts and supports recommendations with clear explanations of data, reasoning, and analysis.

    5. Attends auctions of seized property to make minimum bids on assets to protect Company's financial position.

    6. Attends and participates in portfolio reviews and committee meetings and makes recommendations on approval documents.

    7. Completing other tasks as assigned.

    Qualifications:

    1. College Degree (B.S./B.A.) or equivalent job experience.

    2. 7-10 years Commercial Banking/Loan Workout experience.

    3. Knowledge of banking products, banking procedures and guidelines.

    4. Problem Solving and problem resolution skills.

    5. Strong oral and written communication skills.

    6. Ability to work independently.

    7. Excellent interpersonal skills.

    8. Professional demeanor and appearance.

    9. Self-motivated.

    10. Proficient in Microsoft Office.

    First Bank is an EEO/AA Employer, M/F-Disabled-Veteran and LGBTQ can apply to our company for employment opportunities.

    Job Type: Full-time

    Pay: From $103,000.00 per year

    Benefits:

    • 401(k)
    • 401(k) matching
    • Dental insurance
    • Health insurance
    • Paid time off

    Compensation package:

    • Bonus opportunities

    Payment frequency:

    • Paid biweekly

    Schedule:

    • 8 hour shift
    • Monday to Friday

    Work setting:

    • In-person

    Experience:

    • Commercial Banking/Loan Workout: 7 years (Preferred)

    Ability to Commute:

    • Township of Hamilton, NJ 08690 (Preferred)

    Work Location: In person

  • 16 Days Ago

A
Loan Workout Officer
  • AgSouth Farm Credit
  • Statesboro, GA FULL_TIME
  • We are seeking a Special Assets Loan Officer to join our Farm Credit family! This position manages an assigned high-risk portion of the Association’s loan portfolio. Assembles and evaluates borrower f...
  • 1 Month Ago

T
Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
  • The Symicor Group
  • Austin, TX FULL_TIME
  • Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen or Laredo, TX. The position is responsible for meeting with clients, performing c...
  • 1 Month Ago

B
Sr Commercial Workout Officer
  • Bethpage Federal Credit Union
  • Bethpage, NY FULL_TIME
  • DescriptionBethpage has a commitment to excellence and the highest standards of member service. Our values and behaviors are critical to the success and growth of the business and they were all create...
  • 3 Days Ago

B
Sr Commercial Workout Officer
  • Bethpage FCU
  • Bethpage, NY FULL_TIME
  • Bethpage has a commitment to excellence and the highest standards of member service. Our values and behaviors are critical to the success and growth of the business and they were all created with a un...
  • 5 Days Ago

M
Mortgage Loan Officer / Loan Originator with Real Estate Leads
  • Mortgage Loan Officer
  • Belleville, MI FULL_TIME
  • Why work with us? Everything that we do is through the lens of Real Estate. Through the support of our team the loan officer becomes a part of the real estate team and actively works on real estate di...
  • 13 Days Ago

E
Housekeeper ( Weekends Only)
  • Erickson Living
  • Ashburn, VA
  • Location: Ashby Ponds by Erickson Senior Living Ashby Ponds is a beautiful 132-acre continuing care retirement community...
  • 3/28/2024 12:00:00 AM

A
Director, Commercial Lending
  • ANDREWS FEDERAL CREDIT UNION
  • Chantilly, VA
  • Job Details Job Location Chantilly VA Location - Chantilly, VA Description Are you ready for an exciting career in the f...
  • 3/28/2024 12:00:00 AM

T
Commercial Loan Processor - To 75K - Rockville, WI - Job 3219
  • The Symicor Group
  • Rockville, MD
  • Commercial Loan Processor - To $75K - Rockville, WI - Job # 3219 Who We Are The Symicor Group is a boutique talent acqui...
  • 3/27/2024 12:00:00 AM

C
Settlement Officer/ Marketing Representative
  • Capitol Title
  • Rockville, MD
  • Job Description Job Description This position reports to the Chief Business Development Officer and is responsible for e...
  • 3/27/2024 12:00:00 AM

V
Community Executive
  • Van Metre Companies
  • Ashburn, VA
  • At Van Metre, we believe that each employee contributes directly to our growth, success, and culture. We seek out candid...
  • 3/26/2024 12:00:00 AM

P
Mortgage Loan Officer
  • PNC Financial Services Group, Inc.
  • Chantilly, VA
  • Position Overview At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. ...
  • 3/25/2024 12:00:00 AM

B
Mortgage Loan Originator
  • Buckingham Mortgage LLC
  • Tysons Corner, VA
  • Job Description Job Description Join 30 years of successful business! Established in 1994, we pride ourselves on being o...
  • 3/25/2024 12:00:00 AM

W
Sales Assistant
  • Washington Capital Partners
  • McLean, VA
  • Company Overview: Washington Capital Partners is the largest Hard Money Lender in the Mid-Atlantic and has provided over...
  • 3/24/2024 12:00:00 AM

Income Estimation for Commercial Loan Workout Officer jobs
$65,022 to $84,361