Commercial Loan Workout Officer jobs in Maine
Commercial Loan Workout Officer restructures problem loans for commercial clients. Negotiates with lending personnel and commercial borrowers to better secure collateral and/or assets of the borrower. Being a Commercial Loan Workout Officer works with small to moderate size loans of little complexity. Typically requires a bachelor's degree. Additionally, Commercial Loan Workout Officer typically reports to a supervisor or manager. The Commercial Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Commercial Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Loan Workout Officer jobs
Senior Associate, Workout Officer (CRE/Multifamily Housing) (100% Remote)
- RemoteWorker US
-
Augusta, ME
FULL_TIME
-
New York, United States of America
Job Function Description:
Manages a portfolio of criticized and distressed commercial real estate loans, across multiple property types, with risk management and loss mitigation as primary objectives. Minimizes potential losses to the Company by identifying areas of concern and/opportunities, and reports on potential and/or known issues and implements solutions in accordance with risk management objectives.
Provides continuous monitoring of credit risks in the Portfolio and proposes action plans directed towards mitigation and resolving further potential deterioration in borrowers in the Portfolio. Performs financial analysis on the commercial real estate collateral and related parties, reviews market conditions, and identifies the relevant risks that are appropriately mitigated. Represents or supports the reputation of the company to minimize compliance and regulatory risk by resolving issues and ensuring adherence to company and legal standards. Responsible for ensuring that all of the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
Ensures adherence to the policies and procedures established by the company. Manages policy, standard definition and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies. Monitors and manages risk/exposure and compliance with the company's policies. Identifies, manages and reports on the company's risk areas. Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.
Essential Functions/Responsibilities:- Devise strategies, negotiate and structure transactions as required in Workout, provided that the decisions are consistent with the overall obligor strategy and plan as approved.
- Develop Workout strategies including analysis of a borrower’s repayment capacity, evaluation of the guarantor support, and continual assessment of collateral condition and value.
- Perform financial analysis, Commercial Real Estate appraisal analysis, understanding of market dynamics and ensuring internal and external reporting is completed as required.
- Prepare Workout credit proposals and reviews, ensuring appropriate risk ratings, accrual status, charge-offs, reserves, and strategies.
- Provide continuous monitoring of credit risks in the Portfolio and propose action plans directed towards mitigation and resolving further potential deterioration in borrowers in the Portfolio
- Collaborates with multiple internal and external parties associated with each loan, including legal, loan operations and the middle office.
- Facilitates the resolution of problem loans through improved credit quality or repayment, in a cost effective manner.
- Reviews adequacy of assigned risk ratings and provide support for risk rating upgrade and downgrade recommendations.
- Collects financial information, communicates with loan operations and middle office to ensure approved loans are booked, funded, and managed in a proper and timely manner.
- Reduces criticized and classified exposures in accordance with risk management objectives and corporate budgets.
- Ensures compliance with training, statutes, valuation and environmental policy.
- Analyzes severely delinquent and charged off accounts to identify possible problems, trends, and issues for feedback to credit and management.
- Mentors and coaches work of junior level workout professionals.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education:
Bachelor's Degree or equivalent work experience: Business, Accounting, Finance, Economics or equivalent field.
Master's Degree: Business, Accounting, Finance, Economics or equivalent field, preferred.
Work Experience:
10 Years Commercial Real Estate Workout experience or
10 years of CRE underwriting/portfolio management experience
Skills and Abilities:- Ability to develop and present the Bank’s position to execute proposed strategies to remedy substandard and non-performing credits.
- Strong math and analytical skills.
- In depth understanding of CRE loan documentation
- Ability to quickly respond to inquiries from regulatory agencies, internal partners, and external consultants.
- Advanced knowledge of collection and workout best practices, identification, resolution and implementation.
- Excellent written and verbal communication skills
- Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
- Ability to build and foster internal relationships.
- Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
- Advanced Microsoft Office (Excel, Word, PowerPoint, Outlook, Sharepoint) skills.
At Santander, we value and respect differences in our workforce and strive to increase the diversity of our teams. We actively encourage everyone to apply.
Santander is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, genetics, disability, age, veteran status or any other characteristic protected by law.
Working Conditions:
Frequent Minimal physical effort such as sitting, standing and walking. Occasional moving and lifting equipment and furniture is required to support onsite and offsite meeting setup and teardown. Physically capable of lifting up to fifty pounds, able to bend, kneel, climb ladders.
Employer Rights:
This job description does not list all of the job duties of the job. You may be asked by your supervisors or managers to perform other duties. You may be evaluated in part based upon your performance of the tasks listed in this job description. The employer has the right to revise this job description at any time. This job description is not a contract for employment and either you or the employer may terminate at any time for any reason.
For the right candidate, this position can be fully remote.
For NYC Job Applicants: The base annual salary range for this position is $125,000 - $165,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Bachelor of Science (BS) English
Primary Location: New York, NY, New York
Other Locations: New York-New York,Texas-Santander Consumer,Ohio-Columbus,North Carolina-Raleigh,Michigan-Lansing,Maryland-Annapolis,Virginia-Richmond,Iowa-Des Moines,Nevada-Carson City,New Hampshire-Concord,Alabama-Montgomery,Texas-Austin,South Carolina-Columbia,Vermont-Montpelier,Alaska-Juneau,New Jersey-Trenton,Montana-Helena,California-Sacramento,Nebraska-Lincoln,West Virginia-Charleston,New York-Albany,Wisconsin-Madison,Colorado-Denver,Wyoming-Cheyenne,Indiana-Indianapolis,Missouri-Jefferson City,Georgia-Atlanta,Connecticut-Hartford,Oklahoma-Oklahoma City,Massachusetts-Boston,Illinois-Springfield,Utah-Salt Lake City,Mississippi-Jackson,Florida-Tallahassee,Delaware-Dover,Hawaii-Honolulu,Washington-Olympia,Maine-Augusta,New Mexico-Santa Fe,South Dakota-Pierre,Arkansas-Little Rock,Pennsylvania-Harrisburg,Tennessee-Nashville,North Dakota-Bismarck,Kentucky-Frankfort,Idaho-Boise,Minnesota-St Paul,Rhode Island-Providence,Oregon-Salem,Louisiana-Baton Rouge,Kansas-Topeka
Organization: Santander Bank N.A. - 4 Days Ago
Loan Officer
- Madison Mortgage Services Inc.
-
Falmouth, ME
FULL_TIME
- We are seeking an experienced mortgage loan officer with strong marketing, communication, and analysis skills to join our team and assist loan applicants in securing the ideal mortgage for their new h...
- 10 Days Ago
Loan Specialist (Commercial)
- US Agriculture, Rural Development
-
Bangor, ME
FULL_TIME
- Duties Reviews and analyzes preapplications, applications and all supporting documents to determine loan or grant eligibility and inputs data into appropriate automated database system. Prepares writt...
- 28 Days Ago
Commercial Loan Processor
- 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...
- 2 Months Ago
Commercial Loan Credit Analyst / Loan Processor
- New Dimensions Federal Credit Union
-
Waterville, ME
FULL_TIME
- Role: Performs commercial loan annual reviews on existing business relationships by reviewing submitted financial information from borrower in compliance with credit union member business policy. Inte...
- 17 Days Ago
Loan Officer - Houlton
- The County Federal Credit Union
-
Houlton, ME
FULL_TIME
- The County Federal Credit Union is hiring for a Full Time Loan Officer in our Houlton branch!The Loan Officer is responsible for originating loans by meeting with potential borrowers to determine appr...
- 2 Days Ago
Commercial Loan Workout Officer jobs at Popular Companies
Commercial Loan Officer
- Wayne Bank
-
Geneva, NY
- Job Description Job Description Duties: Manages a commercial loan portfolio in the designated service area, provides dir...
- 6/11/2024 12:00:00 AM
Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
- The Symicor Group
-
Austin, TX
- Our client is seeking to fill a Hybrid Remote Commercial Loan Workout Officer role located near either Austin, McAllen o...
- 6/10/2024 12:00:00 AM
Commercial Loan Officer
- Hudson Valley Credit Union
-
Poughkeepsie, NY
- Overview: Hudson Valley Credit Union is currently recruiting for the position of Commercial Loan Officer. Primary Functi...
- 6/10/2024 12:00:00 AM
Commercial Loan Officer
- Terrydale Capital
-
Dallas, TX
- Terrydale Capital is in need of a Commercial Loan Officer to join our growing team! We are actively searching for a dedi...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- City National Bank & Trust
-
Lawton, OK
- Commercial Loan Officer Description: We are looking for an experienced Loan Officer who will be responsible for developi...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- Frontier Credit Union
-
Idaho Falls, ID
- Job Type Full-time Description Position Overview: Solicits and services commercial loans and deposits. Builds and mainta...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- Goldenwest Federal Credit Union
-
Ogden, UT
- WHO WE ARE Goldenwest Credit Union is a premier non-profit financial cooperative providing exceptional member service to...
- 6/9/2024 12:00:00 AM
Commercial Loan Officer
- RIO BANK
-
McAllen, TX
- Job Description Job Description Overview Rio Bank is a South Texas owned and managed bank with a strong focus on persona...
- 6/8/2024 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 Commercial Loan Workout Officer jobs
$63,686 to $82,630
Most Popular Cities in Maine for Commercial Loan Workout Officer Jobs
What does a Commercial Loan Workout Officer do?
Commercial Loan Workout Officer in New Suffolk, NY
Acts as servicing officer for a portfolio of problem commercial loans and deposit relationships. Primary focus will be on Healthcare and additional sponsor backed transactions.
January 27, 2020
Commercial Loan Workout Officer in Flagstaff, AZ
Acts as servicing officer for a portfolio of problem commercial loans and deposit relationships.
December 08, 2019
Commercial Loan Workout Officer in Medford, OR
Commercial Mortgage OriginatorTrinity Street Capital Partners provides investment banking services for commercial real estate transactions.
December 27, 2019