Loan Workout Officer jobs in Missouri
Loan Workout Officer restructures loans; works with lending personnel and borrowers to better secure collateral and/or assets of the borrower. Works with small- and mid-size loans of little to medium complexity. Being a Loan Workout Officer typically requires a bachelor's degree. Typically reports to a manager or head of a unit/department. The Loan Workout Officer works on projects/matters of limited complexity in a support role. Work is closely managed. To be a Loan Workout Officer typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Loan Workout Officer jobs
Senior Associate, Workout Officer (CRE/Multifamily Housing) (100% Remote)
- RemoteWorker US
-
Jefferson, MO
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. - 3 Days Ago
Loan officer
- Mid America Bank
-
Osage, MO
FULL_TIME
- Job Summary : The Loan Officer is responsible for developing new consumer and business relationships, as well as expanding on our existing client relationships. The Loan Officer will also be responsib...
- Just Posted
Loan Officer
- Gershman Mortgage
-
Sedalia, MO
FULL_TIME
- SEDALIA, MOAbout Gershman MortgageCommunities, families, and homes are at the heart of what we do at Gershman Mortgage. Our founding principles are based on the core values of honesty, integrity, the ...
- Just Posted
Loan Officer
- BTC Bank
-
Columbia, MO
FULL_TIME
- About BTC BankBTC Bank is a community bank founded on the traditional values of personal customer service. Our continued tradition of serving our friends and neighbors with courteous, professional ban...
- Just Posted
Loan Officer
- Southern Bank
-
Poplar Bluff, MO
OTHER
- Primary Purpose Of JobOriginates various loans, promotes the bank and its lending services to the real estate community and helps to identify and serve the community’s financial needs.EXPECTATIONS OF ...
- 3 Days Ago
Loan Officer
- Gershman Mortgage
-
Imperial, MO
FULL_TIME
- IMPERIAL, MOAbout Gershman MortgageCommunities, families, and homes are at the heart of what we do at Gershman Mortgage. Our founding principles are based on the core values of honesty, integrity, the...
- 8 Days Ago
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- Fulton Bank
-
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Loan Workout Officer/Vice President
- Flushing Savings Bank
-
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Commercial Loan Workout Officer (Hybrid Remote) - To 90K - Texas - Job 3248
- The Symicor Group
-
Austin, TX
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About Missouri
Missouri is landlocked and borders eight different states as does its neighbor, Tennessee. No state in the U.S. touches more than eight. Missouri is bounded by Iowa on the north; by Illinois, Kentucky, and Tennessee across the Mississippi River on the east; on the south by Arkansas; and by Oklahoma, Kansas, and Nebraska (the last across the Missouri River) on the west. Whereas the northern and southern boundaries are straight lines, the Missouri Bootheel protrudes southerly into Arkansas. The two largest rivers are the Mississippi (which defines the eastern boundary of the state) and the Misso...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Loan Workout Officer jobs
$62,944 to $88,798
Most Popular Cities in Missouri for Loan Workout Officer Jobs
What does a Loan Workout Officer do?
Loan Workout Officer in Anaheim, CA
Administers and restructures problem loans and deposit relationships, including extremely complex situations, with very little managerial supervision, to assure optimal levels of principal, interest and expense recovery.
November 30, 2019
Loan Workout Officer in Canton, OH
Develops and implements strategies to recover principal from borrowers whose non-performing loans have been charged off.
January 31, 2020
Loan Workout Officer in Indianapolis, IN
Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking.
January 06, 2020