Commercial Loan Workout Officer jobs in Texas
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
Workout Officer
- Santander Holdings USA Inc
-
Texas, TX
FULL_TIME
-
Albany, United States of America
The Workout Officer (AVP, Sr. Associate, Workout) leverages their subject matter expertise for collection and work out of a portfolio of problems loans, efficiently executing workout strategies while proactively minimizing potential losses to the Company. The incumbent is responsible for management of a portfolio of workout cases and repossessed assets including developing, recommending, and executing workout strategies for each portfolio case.
The Workout Officer also monitors activities to minimize the company's exposure to risk. Activities may include quantitative analysis, risk identification and remediation. 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 the company's activities adhere to the necessary rules and regulations, and that the company complies with legal/regulatory statutes and jurisdictions.
Manages a portfolio of problem loan assets, including developing and executing workout strategies, action plans and disposition actions.
Recommends appropriate risk ratings, SCAN ratings, charge-offs, reserves, and accrual status for each loan.
Manages loan workout process expenses and division and corporate expense targets
Ensures approved strategies result in reduction of criticized and classified exposures in accordance with risk management objectives and corporate budgets.
Performs analysis of credit submittals regarding transactions and / or financial strengths to ascertain if borrowers qualify for financing restructures. Develop and recommend for approval charge-offs, reserves, settlements, and Loan Restructures as appropriate.
Coordinates reporting, analysis, and vendor management for assigned portfolio.
Monitors portfolio and quality assurance in compliance with corporate policy.
Ensures compliance with training, statutes, valuation and environmental policy
Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
Mentors and coaches work of junior level workout professionals.
Leads special workout projects, programs, and other related workout activities.
Communicates recommendations and credit risk management processes to management that strengthens the organization and enhances overall supervision of lending methods and provides tools to continually measure effectiveness.
Qualifications:
Education: Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent work experience required. Master’s Degree, Business, Accounting, Finance, Economics or equivalent field preferred.
Experience: 9 years in Commercial & Industrial ("C&I") Loan Workout.
Advanced knowledge of credit risk management, collection and workout best practices, identification, resolution and implementation.
Demonstrated experience facilitating change to achieve measurable results.
Detail orientated with the ability to also understand overall strategy.
Excellent interpersonal, supervisory, and customer service skills required.
Excellent written and verbal communication skills
Excellent critical thinking skills with the ability to be adept in identifying and resolving complex risk management problems.
Excellent project management skills.
Ability to build and foster internal relationships.
Ability to lead, influence and direct peers, subordinates and management.
Ability to interact with senior level management; experience interfacing with multiple levels of the organizational structure.
Self-directed, self-motivated and demonstrated experience providing ideas and solutions to further business understanding.
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.
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.
The base annual salary range for this position is $115,875 to $165,000. The exact compensation may vary based on skills, experience, training, licensure and certifications and location.
Bachelor of Science (BS) English
Primary Location: Santander Consumer, TX, SCUSA-Remote Office
Other Locations: New York-Albany,Pennsylvania-Philadelphia
Organization: Santander Bank N.A. - 2 Days Ago
Workout Officer
- Santander Bank N.A.
-
Santander Consumer, TX
OTHER
- Workout OfficerAlbany, United States of AmericaThe Workout Officer (AVP, Sr. Associate, Workout) leverages their subject matter expertise for collection and work out of a portfolio of problems loans, ...
- 1 Day Ago
Senior Commercial Loan Officer
- CEN
-
Lubbock, TX
FULL_TIME
- GENERAL DESCRIPTION OF POSITION The Sr Commercial Loan Officer is responsible for extending credit within the policies and guidelines set forth in the loan policy. This position ensures that all loan ...
- 2 Days Ago
Commercial Loan Officer
- gpac
-
Houston, TX
FULL_TIME
- Position: Commercial Loan OfficerWe have have partnered with a well-established company in the Financial Services industry. Our client is a community leader who believes in giving back and has built a...
- 2 Days Ago
Commercial Loan Officer
- Rio Bank
-
Allen, TX
FULL_TIME
- OverviewRio Bank is a South Texas owned and managed bank with a strong focus on personalized customer service. Our team is passionate about helping businesses grow and achieve their goals. We are equa...
- 3 Days Ago
Retail and Commercial Loan Officer
- Cornerstone Capital Bank
-
Roscoe, TX
FULL_TIME
- Job DetailsDescriptionWho we are looking for:We are seeking a full-time Retail and Commercial Loan Officer to join our team! You’ll be on the front end of working for an innovative community bank with...
- 7 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
- Chain Bridge Bank, N.A.
-
McLean, VA
- Job Title: Commercial Loan Officer Department: Commercial Lending FLSA Status: Non-Exempt Reports to: SVP, Commercial Lo...
- 6/9/2024 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
- Newbold Advisors
-
Minneapolis, MN
- Job Title: Commercial Loan Officer Job Location: Minneapolis, MN Job Type: Direct Hire - Onsite Compensation: $140,000 -...
- 6/8/2024 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
Commercial Loan Officer
- Bellevue Capital Group
-
Kirkland, WA
- Job Description Job Description Lead Generator/Junior Loan Broker Complete Job Description Bellevue Capital Group is loo...
- 6/7/2024 12:00:00 AM
About Texas
Texas (/ˈtɛksəs/, locally /ˈtɛksɪz/; Spanish: Texas or Tejas Spanish pronunciation: [ˈtexas] (listen)) is the second largest state in the United States by both area and population. Geographically located in the South Central region of the country, Texas shares borders with the U.S. states of Louisiana to the east, Arkansas to the northeast, Oklahoma to the north, New Mexico to the west, and the Mexican states of Chihuahua, Coahuila, Nuevo León, and Tamaulipas to the southwest, while the Gulf of Mexico is to the southeast.
Houston is the most populous city in Texas and the fourth largest in the...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$64,078 to $83,139
Most Popular Cities in Texas 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