Loan Workout Manager jobs in South Dakota
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)
Recently Added Loan Workout Manager jobs
Loan Project and Reporting Manager
- First Bank and Trust
-
Brookings, SD
FULL_TIME
-
Overall Functions
The Loan Project and Reporting Manager will coordinate and direct the daily activity of processing complex loan reporting under limited supervision. Lead and build process and procedure enhancements and facilitate communication and training to ensure accuracy, efficiency, and consistency. This position interacts extensively with other lending and credit business units.
Qualifications
This person should have a bachelor’s degree and 6 years of relevant experience, or the equivalent. Experience working with complex loans is required. This person must have strong financial acumen and attention to detail, demonstrating deep knowledge of loan products, software, and accounting functions. The ability to manage more than one initiative while exhibiting excellent oral and written communication skills is key. Collaboration with internal business departments is expected. Strong acumen and experience with CRM and loan operating system technology is preferred.
Responsibilities
- Create reporting within loan operating system and CRM of the work generated by loan departments within the credit team.
- Generate, validate, and balance loan reports to the GL ensuring accuracy. Look for report efficiencies and ways to automate and ensure fields within the loan portfolio are accurate. Consolidate loan reports and ensure accuracy of reports generating from Data Engagement.
- Drive procedural enhancements and build processes to ensure loan portfolio accuracy into the future. Collaborate to address issues and create solutions to avoid re-occurrences.
- Serve as an expert with various loan modules in the core banking system. Lead testing for the various loan modules in the testing environment to be deployed/implemented.
- Write loan scripts to automate processes within loan operations and other loan areas in the bank utilizing Power Automate.
- Analyze and uncover efficiency opportunities within the loan teams by identifying different processes used by branch staff. Create consistencies with the information obtained and communicate and train where necessary.
- Serve as a trusted resource for loan staff. Ensure problems and questions are handled efficiently and professionally in a timely manner. Assist in training new staff and existing staff as needed.
- Be the expert in Shadow Accounting and how the system operates and ensure customer’s loans are operating according to standards set forth by examiners/auditors.
- Lead and collaborate to write procedures to standardize department operations. Identify, address, and recommend to management necessary policy and procedure changes.
- Provide feedback to senior leadership and work closely with management to ensure daily, weekly, and monthly goals are met.
- Act as the primary contact for other departments within the bank- when needed. Prepare necessary audit and exam requests.
- Complete assigned projects as designated by the manager.
- Act in accordance with FBT policies and procedures as set forth in the employee handbook.
- Adhere to compliance procedures and participate in required compliance training.
- 9 Days Ago
Branch Manager/Mortgage Loan Originator
- Primary Residential Mortgage, Inc
-
Rapid, SD
FULL_TIME
- We're looking to GROW and open a branch in Rapid City, Dakota!!! We need a dynamic mortgage leader who is ready to take control of your business and grow with us! All employment inquiries are kept con...
- 22 Days Ago
Loan Specialist
- Bankstar Financial
-
Brookings, SD
FULL_TIME
- Grade: Full-Time, Non-Exempt Supervisor: Joan Langum Schedule: Monday – Friday (8am-5pm) Saturday (rotation 8am-11am) BankStar Financial is a locally owned bank, with a team of dedicated and talented ...
- 18 Days Ago
Loan Administrator
- First Savings Bank (Beresford)
-
Sioux Falls, SD
FULL_TIME
- Who we are We are a family-owned bank committed to providing exceptional service and innovative banking solutions while making a difference in the communities we serve. We take great pride in the rela...
- 20 Days Ago
Loan Officer
- 1st Financial Bank USA
-
Sioux Falls, SD
FULL_TIME
- Title: Loan Officer Location: Sioux Falls, SD (This is an on-site position) Builder Finance Inc. (“BFI”) is the growing lender to builders and investors for houses and multi-unit residential. Launched...
- 22 Days Ago
Loan Administrator
- First Savings Banks
-
Sisseton, SD
FULL_TIME
- Job Summary: The Loan Administrator provides administrative support to loan officers. This position is primarily responsible for handling loan documentation related to commercial, agricultural, and co...
- 9 Days Ago
Loan Workout Manager jobs at Popular Companies
DevOps Engineer
- Nextracker Inc.
-
Fremont, CA
- This position is a hybrid role (3x per week onsite) that will be based at our headquarters in Fremont, California. About...
- 4/26/2024 12:00:00 AM
FS8 Pilates Trainer
- F45 Training
-
Austin, TX
- FS8 is a progressive new fitness movement that remixes the best elements of three modalities: Pilates, Tone and Yoga. It...
- 4/26/2024 12:00:00 AM
ABL Account Executive
- White Oak Commercial Finance
-
Charlotte, NC
- Embark on a Dynamic Career as an ABL Account Executive, Portfolio Management at White Oak Commercial Finance (WOCF) At W...
- 4/26/2024 12:00:00 AM
Associate/Senior Associate - Portfolio & Asset Management - Metis Search
- Metis Search
-
- Associate/Senior Associate Portfolio Asset Management Team - Special Situations Overview One of the top Special Situatio...
- 4/26/2024 12:00:00 AM
Director, PR and Communications
- F45 Training
-
Austin, TX
- At F45, we are looking for a dynamic and creative Director, PR and Communications to join our growing team. As the Direc...
- 4/26/2024 12:00:00 AM
Automotive Commercial Underwriter
- Stellantis Financial Services US
-
Dallas, TX
- Stellantis Financial Services (SFS) is the new captive finance company for one of the world's leading automakers and a m...
- 4/26/2024 12:00:00 AM
Loan Workout Specialist
- Apex Systems
-
West Des Moines, IA
- Duration: Long term contract out - 18 months, starting ASAP Position will be HYBRID and require in office work 3 days/we...
- 4/26/2024 12:00:00 AM
VP, Structured Finance Counsel - Global Investment Firm
- Larson Maddox
-
- We are currently partnered with an elite investment firm who is looking to add a structured finance attorney to help wit...
- 4/26/2024 12:00:00 AM
About South Dakota
South Dakota (/- dəˈkoʊtə/ (listen)) is a U.S. state in the Midwestern region of the United States. It is named after the Lakota and Dakota Sioux Native American tribes, who compose a large portion of the population and historically dominated the territory. South Dakota is the seventeenth largest by area, but the fifth smallest by population and the 5th least densely populated of the 50 United States. As the southern part of the former Dakota Territory, South Dakota became a state on November 2, 1889, simultaneously with North Dakota. Pierre is the state capital and Sioux Falls, with a populat...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$130,440 to $204,444
Most Popular Cities in South Dakota for Loan Workout Manager Jobs
What does a Loan Workout Manager do?
Loan Workout Manager in Wichita Falls, TX
When a bank believes your business has a substantial chance of defaulting on the loan, it has a duty to its shareholders and its regulating agency to protect its interest in your loan. Signs of possible loan default initiate the procedures for a loan workout.
January 25, 2020
Loan Workout Manager in Fort Lauderdale, FL
Banks make money by giving loans and collecting interest from those loans.
December 08, 2019
Loan Workout Manager in Twin Falls, ID
In order to be considered a candidate for this position, many banks require a Bank and Commercial Loan Workout Manager to have a Bachelors or Master’s degree in a field related to Banking Management such as Finance, Project Management, Accounting, etc.
December 22, 2019