Banking & Commercial Loan Workout Manager jobs in Maine
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
Commercial Banking Market Manager I
- Camden National Bank
-
Auburn, ME
FULL_TIME
-
Live here. Play here. Bank here. Work here.
If you’re looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you’ve come to the right place.
Position Summary
The Commercial Banking Market Manager I (CBMM I) is responsible for leading all commercial business development efforts within a specified market that is generally between $50MM and $200MM in total commercial loan commitments. The CBMM I, in addition to their assigned market team, will examine, evaluate, and authorize or recommend approval of customer applications for extension of lines of credit, commercial loans and owner-occupied commercial real estate loans that are generally over $500,000 and for companies within the bank’s footprint. The CBMM I, and their direct reports, will also originate from time to time non-owner occupied commercial real estate transactions that are generally under $5 million. The CBMM I will also be responsible for generating commercial deposits and leading the efforts of their direct reports in doing the same.
Essential Duties And Responsibilities- Creates and implements market-based business plans that align with the overall objectives and goals of the region, Commercial Division, and Camden National Bank.
- Responsible for guiding credit and pricing efforts for a specified market so that they align with the region and corporate goals and objectives.
- Identifies and develops prospects for loan and deposit opportunities. Uses systems and tools made available by the bank, as well as other resources to develop prospects.
- Ensures that pre-call plans are being utilized to optimize effectiveness of each call. Involves teammates within or outside of the Commercial Division when essential for the best possible customer experience.
- Interviews prospects/applicants and requests essential information for loan applications or deposit generation.
- Leads by example in working collaboratively with the Credit and Commercial Administration Team personnel to ensure efficient workflow for all loan applications, leading to superior customer experiences. This may include the formation of “Deal Discussion Memos and Term Sheets” that is vetted by appropriate personnel as part of the loan vetting and sales process.
- Works collaboratively with Retail Banking leadership and Camden National Wealth Management personnel to ensure that a “relationship” approach is being taken to meet customer needs.
- Responsible for the accuracy of their submissions to the Loan Pipeline Report and will update the report accordingly.
- Manages own efforts toward meeting or exceeding targeted production goals.
- Personal production goals for the CBMM I will generally include new loan production of $13.5 million or more and new deposit production of $2 million or more. Loan fee income and average growth in loans and deposits will align with the budget for their market. These goals will be set by the CBMM I’s manager in collaboration with the Senior Loan Officer of the bank.
- Coordinates, through attorneys and Commercial Administration Team personnel, the production of all commercial loan documentation for self-generated loans.
- Actively manages, either directly or through the collaborative efforts of others within the Commercial Administration Team, all commercial loan relationships assigned to the CBMM I’s team. This includes collection efforts when needed, credit file maintenance, site visits and loss mitigation efforts when applicable.
- Frequently represents Camden National Bank at various business, community and social functions.
- Actively involved, at leadership or committee level positions, with non-profits within the market, region or state.
- Bachelor’s degree and 3-5 years of related experience and/or training; or equivalent combination of education and experience.
- Formal credit analysis training or the experience and educational equivalent.
- Must possess a valid driver’s license.
- N/A
- Ability to work collaboratively at all levels of the organization.
- Proven ability to successfully communicate, interact, and build effective relationships.
- Strong leadership skills as demonstrated through direct or intangible experiences.
- Successful track record of goal attainment as an individual producer and through leading others, either formally or informally.
- Keeps customers as a top priority and makes business decisions that balance the needs of the customer with the Bank’s goals and objectives. Actively listens to customers and leads the efforts of others to creatively solve customer issues.
- Able to effectively communicate before groups of people, both within and outside the organization. Is able to clearly communicate the vision of Camden National Bank and is persuasive and is able to influence sales and credit decisions. Is comfortable and effective in communicating upward.
- Possesses and demonstrates good project management skills. Has proven track record of leading or adding significantly to project teams, both within the region, on an organizational level, or even outside the bank on a volunteer basis
- The CBMM I will have direct reports that consists of up to two commercial banking officers (CBO) within a market. The CBMM I is responsible to carry out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, training and developing employees; planning assigning and directing work efforts; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.
- The CBMM I reports directly to the Regional Director of Commercial Banking for the region that their market falls within.
- CBO I – III
- Just Posted
Banking/ATM Service Tech II
- ADT Commercial
-
Portland, ME
FULL_TIME
- Company OverviewThe next generation of ADT Commercial is here. At Everon, we truly believe that our people are the difference – for our organization, the customers we serve and the communities we prot...
- 2 Days Ago
Indirect Lending Manager
- Aroostook Savings and Loan
-
Caribou, ME
FULL_TIME
- Job Overview:As the Indirect Lending Manager, you will be instrumental in steering the growth and integrity of our indirect lending portfolio. Your mission will be to foster robust partnerships with a...
- 8 Days Ago
Commercial Banking Officer II
- Camden National Bank
-
Auburn, ME
FULL_TIME
- Live here. Play here. Bank here. Work here.If you’re looking to build your career at a forward-thinking organization with deep community roots and a vision for growth, success, and giving back, you’ve...
- Just Posted
Commercial Banking Specialist/Paralegal
- Katahdin Trust Company
-
Presque Isle, ME
FULL_TIME
- Have you been thinking about working for a company that offers advancement opportunities, is more fulfilling, understands work-life balance, and where you can make a difference? Whether you are lookin...
- 15 Days Ago
Commercial Banking Specialist/Paralegal
- Katahdin Trust Company
-
Scarborough, ME
FULL_TIME
- Have you been thinking about working for a company that offers advancement opportunities, is more fulfilling, understands work-life balance, and where you can make a difference? Whether you are lookin...
- 16 Days Ago
Banking & Commercial Loan Workout Manager jobs at Popular Companies
Commercialization Manager
- 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...
- 6/2/2024 12:00:00 AM
Commercial Manager
- Anheuser-Busch
-
Great Falls, MT
- **Dreaming big is in our DNA. Its who we are as a company. Its our culture. Its our heritage. And more than ever, its ou...
- 6/2/2024 12:00:00 AM
Commercial Manager
- The Cleaning Guys & A Girl
-
Columbus, OH
- Job Description Job Description PLEASE READ ALL DETAILS!!! The Cleaning Guys & A Girl is seeking someone with management...
- 6/2/2024 12:00:00 AM
Commercial Manager
- Anheuser-Busch
-
Conrad, MT
- **Dreaming big is in our DNA. Its who we are as a company. Its our culture. Its our heritage. And more than ever, its ou...
- 6/2/2024 12:00:00 AM
Commercialization Manager
- ForceBrands
-
Chicago, IL
- **This is NOT a job at Forcebrands** Responsibilities: Collaborate with manufacturers to ensure the efficient production...
- 5/31/2024 12:00:00 AM
Commercial Manager
- Rolbay T/A Linesight
-
Birmingham, AL
- Overview: As a Commercial Manager at Linesight, you will work with highly experienced, culturally diverse, and passionat...
- 5/30/2024 12:00:00 AM
Commercialization Manager
- Tatum by Randstad
-
Harrisburg, PA
- Commercialization Manager - $90,000 to $120,000 Excellent Harrisburg-based client that we have worked with for a number ...
- 5/29/2024 12:00:00 AM
Commercialization Manager
- Hiring Now!
-
Los Angeles, CA
- Aspire Bakeries is a North American baking company with a leadership position in specialty frozen baked goods. Formed fr...
- 5/29/2024 12:00:00 AM
About Maine
To the south and east is the Atlantic Ocean and to the north and northeast is New Brunswick, a province of Canada. The Canadian province of Quebec is to the northwest. Maine is both the northernmost state in New England and the largest, accounting for almost half of the region's entire land area. Maine is the only state in the continental US to border only one other American state (New Hampshire to the South and West).
Maine is the easternmost state in the United States in both its extreme points and its geographic center. The town of Lubec is the easternmost organized settlement in the United...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Banking & Commercial Loan Workout Manager jobs
$163,661 to $235,192
Most Popular Cities in Maine for Banking & Commercial Loan Workout Manager Jobs
What does a Banking & Commercial Loan Workout Manager do?
Banking & Commercial Loan Workout Manager in Harrisburg, PA
First of all, be honest (remember, if you get this job, the hiring manager will be calling your former bosses and co-workers!).
February 01, 2020
Banking & Commercial Loan Workout Manager in Abilene, TX
For this reason, it is in a banks best interest to renegotiate loans that are in, or near, default status.
February 13, 2020
Banking & Commercial Loan Workout Manager in Ann Arbor, MI
Explain what are your strengths As Banking Commercial Loan Workout Manager.
January 03, 2020