Loan Workout Manager jobs in Rhode Island
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
Commercial Workout Officer I
- Citizens
-
Johnston, RI
FULL_TIME
-
Description
As a part of our team, you’re made ready for a fulfilling career with exciting new challenges and opportunities to stretch yourself! While in this role, you will deliver proactive management of a substandard portfolio of 20 to 40 C&I and/or CRE loans to minimize credit losses to the assigned book., ensure return matches risk and, The Ideal Final Result is to possible return customers to a satisfactory rating where possible. Additionally, you will work alongside a team leader to devise strategies, negotiate, and structure transactions, obtain credit approval and document accordingly. Most importantly, at Citizens we’re more than a bank and here you’ll experience new things create new opportunities, think beyond your role and make an impact!
Primary Responsibilities Include- Analyzes business activities and credit risk of investments on the organization; ensures credit transactions follow credit risk management policies and procedures, limits, and guidelines.
- Implements quantitative analysis methods and related technology-based tools to analyze data to effectively monitor, measure, and manage credit risks.
- Evaluates variables that affect credit risk; works and communicates with colleagues outside of own department concerning credit risk considerations.
- Develops action plans to resolve issues; redesigns processes to better manage, measure, and monitor credit risk.
- Effectively craft strategies designed to minimize loss via negotiation with customers and legal counsel.
- 10 years of Commercial Banking Experience, preferably with experience in a Commercial Real Estate environment
- 10 years of experience in loan documentation and relevant Uniform Code and Bankruptcy considerations
- Adaptability to a high paced and challenging work environment
Qualifications, Education, Certifications and/or Other Professional Credentials- BA or demonstrated field expertise
- Highly developed at persuasively presenting the Bank’s thoughts and position to gain consensus and execute proposed solutions to remedy substandard and non-performing credits
- Excellent math and analytical skills
- Excellent communication skills both oral and written
- Excellent time management skills
- BA or demonstrated field expertise
Equal Employment Opportunity
At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth
Posting End Date: 06/06/2024 - 7 Days Ago
Loan officer
- Primary Residential Mortgage
-
East Greenwich, RI
FULL_TIME
- Position Purpose - Responsibilities / Duties / Functions / Tasks The main function of this position is to proactively solicit new residential mortgage clients, while developing and cultivating a stron...
- 4 Days Ago
Loan Processor
- Axelon Services Corporation
-
Johnston, RI
OTHER
- Job Title: Loan Processor (On-site) Location: Johnston, RI | Pay: 40/hr Summary: Responsible for preparing and reviewing documents for all loan types including mortgages, credit cards, and loans colla...
- 7 Days Ago
Loan Officer
- Paramount Residential Mortgage Group
-
Smithfield, RI
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...
- 14 Days Ago
LOAN OFFICER
- Baycoast Bank
-
Bristol, RI
FULL_TIME
- BayCoast Mortgage is a fast growing Massachusetts company owned by BayCoast Bank, est. 1851. As a wholly owned subsidiary of a bank we have portfolio lending flexibility in addition to being a full-se...
- 21 Days Ago
Retail Mortgage Loan Officer
- Mutual of Omaha Mortgage
-
Providence, RI
FULL_TIME
- Are you currently a productive loan officer wanting to take your business to the next level? If so, join the team at Mutual of Omaha Mortgage. We are part of the iconic brand and nationally recognized...
- 2 Days Ago
Loan Workout Manager jobs at Popular Companies
About Rhode Island
Rhode Island (/ˌroʊd -/ (listen)), officially the State of Rhode Island and Providence Plantations, is a state in the New England region of the United States. It is the smallest state in area, the seventh least populous, the second most densely populated, and it has the longest official name of any state. Rhode Island is bordered by Connecticut to the west, Massachusetts to the north and east, and the Atlantic Ocean to the south via Rhode Island Sound and Block Island Sound. It also shares a small maritime border with New York. Providence is the state capital and most populous city in Rhode Is...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Manager jobs
$152,135 to $238,450
Most Popular Cities in Rhode Island 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