Banking & Commercial Loan Workout Manager jobs in California
Banking & Commercial Loan Workout Manager manages a staff of professionals in restructuring problem business banking and commercial loans. Develops strategies to assist lenders and borrowers in establishing collateral, equity, or other assets. Being a Banking & Commercial Loan Workout Manager may require a bachelor's degree. Typically reports to a director. The Banking & Commercial Loan Workout Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Banking & Commercial Loan Workout Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Recently Added Banking & Commercial Loan Workout Manager jobs
- Sumitomo Mitsui Banking Corporation (SMBC)
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Brea, CA
FULL_TIME
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ABOUT THE ORGANIZATION
SMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.The anticipated salary range for this role is between $42,000.00and $70,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.
To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.
Specialties:Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International Services
JOB SUMMARY:This position is responsible for all new loan boarding and loan modification. Responsible for the post origination quality control of loan reviews for proper documentation, escrow account disbursements, flood and hazard insurance monitoring, payment processing and other various types of adjustable loan processing as well as understanding applicable compliance issues with knowledge of SBA, Commercial RE, Business Loans and Participation/Syndication Loans.
PRINCIPAL DUTIES AND RESPONSIBILITIES:- Responsible for funding and boarding new loans on the ACBS loan system.
- Process loan extension and modifications.
- Process Syndication/Participation daily loan transactions, including but not limited to Payments, Disbursements.
- Calculates Prepayment Penalty on request
- Perform post origination quality control loan audits to ensure that proper legal documents have been received. This requires follow-up and review of all trailing legal documents for new loan originations.
- Order Tax Service Contracts.
- Responsible for the daily GL balancing.
- Conduct research necessary to address loan problems (data entry errors, payment exceptions/misapplications, etc.), resolve, and communicate outcome to appropriate parties.
- Respond to inquiries received, and initiate contact with others by phone and mail regarding the Bank's serviced loans.
- Prepare responses to requests for payoff demands received from borrower, escrow companies, and title companies.
- Prepare reconveyances and other collateral releases for paid loans.
- Imaging loan documents.
- Responsible for adhering to and complying with all Bank policies and Federal and State banking laws and regulations.
- Provide supervision and guidance to other employees within the group.
- Comfortable communicating with parent company, internal and external auditors.
- Recognize potential risks and propose solutions for mitigation.
- Other duties may be assigned.
POSITION SPECIFICATIONS:- Minimum five years' experience in Loan Servicing with concentration on Loan Funding & Boarding, preferably with knowledge of C&I loans, Commercial Real Estate, SBA & Syndication Loans.
- Working knowledge of loan documentation, loans systems, operations and accounting
- Superb organizational skills and detail oriented
- Highly proficient PC skills including MS Excel and Word
- Must be able to plan and monitor activities according to priorities and multi-task.
- Ability to work independently within the scope of responsibilities for the position and completes assignments in a timely manner.
EOE STATEMENT
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.CCPA DISCLOSURE
Personal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format. - 24 Days Ago
- First Commercial Bank(USA)
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Ontario, CA
FULL_TIME
- First Commercial Bank (USA) is the wholly owned subsidiary of First Commercial Bank in Taipei, one of the premier commercial banks in Taiwan. First Commercial Bank (USA) has 8 branches in California. ...
- 1 Month Ago
- Umpqua Bank
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California, CA
FULL_TIME
- Description About Us: Umpqua Bank is headquartered in the Pacific Northwest with 5,000 employees and offers banking services to customers throughout the nation. It’s an especially exciting time to joi...
- 7 Days Ago
- Umpqua Bank
-
Yuba, CA
FULL_TIME
- About Us: Umpqua Bank is headquartered in the Pacific Northwest with 5,000 employees and offers banking services to customers throughout the nation. It’s an especially exciting time to join our team a...
- 7 Days Ago
- City National Bank
-
Long Beach, CA
FULL_TIME
- MANAGER COMMERCIAL BANKING WHAT IS THE OPPORTUNITY?Develops sales management and relationship development strategies to promote the revenue growth and profitability of assigned office while maintainin...
- 1 Month Ago
- B10 Wells Fargo Bank, N. A.
-
Wells, CA
FULL_TIME
- At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity, and inclusion in a workplace w...
- 5 Days Ago
Banking & Commercial Loan Workout Manager jobs at Popular Companies
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-
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-
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-
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- Tatum by Randstad
-
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- 6/8/2024 12:00:00 AM
- Hiring Now!
-
Los Angeles, CA
- Aspire Bakeries is a North American baking company with a leadership position in specialty frozen baked goods. Formed fr...
- 6/8/2024 12:00:00 AM
- Key Corporate Services LLC
-
Carrollton, TX
- Join our team where we foster a collaborative and dynamic work environment dedicated to our mission of becoming the prem...
- 6/7/2024 12:00:00 AM
- LHH
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- LHH is partnering with a construction company to find their next Commercial Manager. The Commercial Manager will oversee...
- 6/7/2024 12:00:00 AM
- Refresco
-
Tampa, FL
- Make a Difference in YOUR Career! Our vision is both simple and ambitious: to put our drinks on every table. We are the ...
- 6/6/2024 12:00:00 AM