Loan Workout Manager jobs in Connecticut
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
Manager Trainee - Farmington
- Tower Loan
-
Farmington, CT
FULL_TIME
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Manager Development Program
At Tower Loan, we believe in developing leaders. In 10-12 months, our full-time Manager Development Program will give you the knowledge, skills, and abilities to effectively provide an essential service for customers and become a leader in consumer finance.
No previous experience is required - we will help you grow your career.
If you want to work for a company that cares about your career as much as you do, then apply with Tower Loan.
About Us
Tower Loan, one of America’s largest privately owned Consumer Finance companies, has been lending money to our customers for personal loans, home equity loans, and retail sales financing for over 80 years. To learn more about Tower Lower, visit https://bit.ly/3cIWAkt.
Compensation: Earnings are based on a 45-hour workweek- During Training: $38,285 / year (Avg. Annual Earnings) uncapped bonus
- After Training: $60k - $80k / year (Avg. Annual Earnings and bonus)
- After 1 month: $1,000
- After 3 months: $1,000
- After 6 months: $1,000
- After 9 months: $1,000
- Skill development & growth opportunities
- Complete position-based training program
- Coaching and mentorship
- Strong hire-from-within policy
- Competitive salary & unlimited earning potential
- Comprehensive benefit package
- Awards, recognition, & appreciation
- The work day begins at 8:15 am; Monday – Friday
- Overtime and working Saturdays is required based on operational needs
- As an MT, you will work an average of 45 hours every week
- Extended office hours can vary based on the size of the branch
- Become proficient in customer service, sales and marketing, finance, and operations
- Develop long-term customer relationships by listening to customer needs and recommending the best service via phone and in-person
- Promote additional products to best serve new and existing customers
- Contact customers regarding payment reminders and arrangements
- Assist the Branch Manager to exceed established branch goals
- Learn and provide support in management responsibility duties such as delegating employee workload and analyzing loan documents
- Become proficient in all aspects of management such as recruitment, staff development, performance management, and leadership
- High School degree or equivalent certification
- Must have a valid driver’s license and reliable vehicle
- Willingness to relocate upon promotion into management; your preference of relocation is considered, but not guaranteed. (Branch locations: MS, AL, LA, IL, MO, & TX)
- Employment is contingent upon the successful completion of a background check, drug screening, and credit check.
- 1 Day Ago
Loan Servicing- Loan Servicing Manager
- Chelsea Groton Bank
-
Groton, CT
FULL_TIME
- Loan Servicing Manager (E4)Chelsea Groton is looking to hire a motivated and dynamic individual for our Loan Servicing Department. The ideal candidate will have an entrepreneurial spirit and be a moti...
- 2 Months Ago
Commercial Credit Loan Review Manager
- Bankwell
-
Canaan, CT
FULL_TIME
- DescriptionAbout Bankwell:Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique a...
- Just Posted
Commercial Credit Loan Review Manager
- Bankwell Financial Group Inc
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Canaan, CT
FULL_TIME
- DescriptionAbout Bankwell:Bankwell is a commercial bank with more than $3 billion in assets that serves the banking needs of businesses and individuals. At Bankwell, we pride ourselves on our unique a...
- 1 Day Ago
Danbury, CT-Garage-Visual Assistant Manager
- Danbury, CT-Visual Assistant Manager
-
Danbury, CT
FULL_TIME
- Seize the opportunity to join a global fashion retailer with two brands at the heart of its success, Garage and Dynamite, selected as one of Montreal's Top Employers 2020 and as one of Canada’s Top em...
- 11 Days Ago
Executive Sales Positions/Sales Manager/Loan Officer Connecticut
- Pinnacle Mortgage Corporation
-
, CT
FULL_TIME
- Lower rates/fees/margins? 20 States and counting Over 67 investors with QM/non-QM products? An industry-leading turn times? And branch opportunities? Come work with Pinnacle Mortgage Corp. Apply Here ...
- 2 Months Ago
Loan Workout Manager jobs at Popular Companies
Vice President - Restructuring / Workout
- Arena Investors, LP
-
Jacksonville, FL
- Flexible location but ideally Jacksonville, FL or Purchase, NY* Arena Investors, LP is a global investment management fi...
- 6/2/2024 12:00:00 AM
Vice President - Restructuring / Workout
- Arena Investors, LP
-
Purchase, NY
- Flexible location but ideally Jacksonville, FL or Purchase, NY* Arena Investors, LP is a global investment management fi...
- 6/2/2024 12:00:00 AM
Recruitment Consultant (Sales Focused Role)
- Frank Recruitment Group
-
Dallas, TX
- Recruitment Consultant – Frank Recruitment Group Location: Onsite in Dallas Start Date: June 10th Are you a competitive ...
- 6/2/2024 12:00:00 AM
Attorney
- The Roth Firm
-
Atlanta, GA
- Are you searching for a reliable and rewarding career in personal injury law or worker's compensation? The Roth Firm is ...
- 6/2/2024 12:00:00 AM
Senior Asset Manager
- Specialty Consultants Inc.
-
- SCI, the leading search firm in the real estate industry, is seeking a Senior Asset Manager to join a leading private eq...
- 6/2/2024 12:00:00 AM
Network Field Technician
- Net2Source Inc.
-
Springfield Center, NY
- Job Title: Network Field Technician Location: Springfield, NY - Onsite Type of Hire : Contract Rate - $35-$40/HR on W2(w...
- 6/2/2024 12:00:00 AM
Business Development Lead - Distressed Commercial Real Estate
- Case Equity Partners
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New York, NY
- We are seeking a technically savvy and hungry BizDev rainmaker looking to make a lasting mark on the industry. “Real est...
- 6/2/2024 12:00:00 AM
Loan Workout Officer III
- Fulton Bank
-
Lancaster, PA
- Value Proposition: Our values define us and our culture inspires us to change lives for the better. Our employees are th...
- 5/31/2024 12:00:00 AM
About Connecticut
Connecticut is bordered on the south by Long Island Sound, on the west by New York, on the north by Massachusetts, and on the east by Rhode Island. The state capital and fourth largest city is Hartford, and other major cities and towns (by population) include Bridgeport, New Haven, Stamford, Waterbury, Norwalk, Danbury, New Britain, Greenwich, and Bristol. Connecticut is slightly larger than the country of Montenegro. There are 169 incorporated towns in Connecticut.The highest peak in Connecticut is Bear Mountain in Salisbury in the northwest corner of the state. The highest point is just east...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$156,175 to $244,777
Most Popular Cities in Connecticut 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