Loan Workout Manager jobs in Ontario, CA

Loan Workout Manager directs and manages a team of professionals in restructuring commercial loans. Works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Being a Loan Workout Manager is responsible for collecting potential loans that are viable. Develops programs and manages strategies to reach performance goals. Additionally, Loan Workout Manager provides guidance and oversight on high complexity or challenging loans. Requires a bachelor's degree. Typically reports to a head of a unit/department. The Loan Workout Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Loan Workout Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)

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Commercial Loan Portfolio Manager
  • Golden State Bank
  • Upland, CA TEMPORARY
  • Job Summary


    The Commercial Loan Portfolio Manager is responsible for reviewing and analyzing current credit data and financial statements to identify and assess credit risk. This position will assist in spreading financial statements, developing global cash flows, reviewing credit reports, historical payment performance, preparing periodic loan reviews, credit risk rating recommendations, financial tickler and covenant reports including but not limited to collecting financial documents from clients. The Portfolio Manager will provide quality service to all customers. Responsible for technical knowledge, proficiency and productivity in the Credit Department ensuring that established policies and procedures are followed, and service standards are achieved.                                                

     

    Essential Job Duties 

    • Assist Relationship Managers in monitoring the quality of the institution's loan portfolio. 
    • Request financial documents from clients via email and/or call clients for follow up.
    • Create financial ticklers and covenants for newly funded, renewed, and modified commercial loans in the tracking systems.
    • Prepare written loan reviews of existing commercial loan customers including but not limited to checking the status of the borrowing entities with Secretary State, tax assessors’ website for property tax inquiries, insurance status.
    • Review loan documentation files, conduct cash flow analysis, analyze key risk indicators on a loan-by-loan basis, and identify any upside or downside to the credit.  
    • Periodic report writing, ensuring the loan portfolio is adequately risk rated and will take an active role in audits. 
    • Follow-up on financial performance covenants, monitoring requirements, ensure accurate borrower risk ratings for new and existing credit requests based on analysis and prepare waivers for loans that fail to meet the covenant threshold.  

    • Portfolio management functions include monitoring and managing the credit quality of the assigned loan portfolio.
    • Reviews client’s accounts and portfolios in order to identify, evaluate and determine the appropriate course of action on potential credit quality issues in order to maximize credit quality and minimize risk and potential loss to the Bank.
    • Engage in special projects.
    • Perform other duties and responsibilities as assigned.

    Job Qualifications

    Must be able to perform all the essential duties of the position satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    • Bachelor's degree preferred in finance or accounting.
    • 5-7 years’ experience commercial lending and banking experience with thorough knowledge of lending regulations and credit/underwriting practices.
    • 5-7 years’ experience in loan negotiation (rates, terms, collateral requirements) experience.
    • 5-7 years’ experience in underwriting in the requisite area of commercial lending.

    Computer & Software Skills

    • Must have foundational computer skills including Microsoft Office Suite (Excel, Word, Outlook email and calendaring), Adobe Acrobat, the Internet, Abrigo as well as other loan applications. 

     

    Travel

    Occasional local travel

    Additional Information

    $90,000.00 To 125,000.00 Annually

     

  • 17 Days Ago

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Loan officer
  • Lennar Corporation
  • Corona, CA FULL_TIME
  • Loan Officer Associate US-CA-Corona Job ID : 2024-32619 Type : Regular Full-Time of Openings : 1 Category : Sales LENMORT - Corona CA - (Montecito) Overview Lennar Mortgage is centered around personal...
  • 2 Days Ago

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Loan Officer
  • Paramount Residential Mortgage Group
  • Corona, CA FULL_TIME
  • Overview PRMG is Built by Originators for Originators. There is a reason why PRMG is consistently voted one of the best places to work. We focus on the areas that make an Originator successful and hav...
  • 15 Days Ago

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Loan Processor
  • Richmond American Homes
  • Riverside, CA FULL_TIME
  • Overview BREAK GROUND ON A REWARDING CAREER WITH US! At MDC Holdings, Inc./Richmond American Homes, we encourage a company culture that promotes professionalism, teamwork, health & wellness and work-l...
  • 17 Days Ago

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Loan Officer
  • Richmond American Homes
  • Riverside, CA FULL_TIME
  • Overview BREAK GROUND ON A REWARDING CAREER WITH US! At MDC Holdings, Inc./Richmond American Homes, we encourage a company culture that promotes professionalism, teamwork, health & wellness and work-l...
  • 27 Days Ago

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Loan Officer
  • MDC Holdings, Inc. | Richmond American Homes
  • Riverside, CA FULL_TIME
  • Loan Officer Job Locations US-CA-Riverside ID 2024-6501 Category Mortgage & Insurance Jobs Type Regular Full Time Overview BREAK GROUND ON A REWARDING CAREER WITH US!At MDC Holdings, Inc./Richmond Ame...
  • 28 Days Ago

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0 Loan Workout Manager jobs found in Ontario, CA area

Ontario is a city located in southwestern San Bernardino County, California, 35 miles (56 km) east of downtown Los Angeles and 23 miles (37 km) west of downtown San Bernardino, the county seat. Located in the western part of the Inland Empire metropolitan area, it lies just east of Los Angeles County and is part of the Greater Los Angeles Area. As of the 2010 Census, the city had a population of 163,924, up from 158,007 at the 2000 census, making it the county's fourth most populous city after San Bernardino, Fontana, and Rancho Cucamonga.[not verified in body] The city is home to the Ontario ...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$154,664 to $242,413
Ontario, California area prices
were up 3.0% from a year ago

Loan Workout Manager in Chicago, IL
These loans are financed by Commercial Loan Officers who work alongside these companies to calculate the interest rate and repayment plan.
December 10, 2019
Loan Workout Manager in Louisville, KY
After the underwriting software produces a recommendation, loan officers review the output of the software and consider any additional information to make a final decision.
February 07, 2020
Loan Workout Manager in Greensboro, NC
Participate with Regional Managers and Team Leaders in developing business plans for the loan workout functions.
January 23, 2020