Commercial Loan Workout Officer jobs in New York
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
Loan Workout Officer/Vice President
- Flushing Bank
-
Uniondale, NY
FULL_TIME
- General Statement of Duties: The Vice President/Loan Workout Officer is responsible for managing loan workout for the bank’s commercial, multi-family and mixed-use portfolios. The Loan Workout Officer will negotiate with debtors or their representatives to secure repayment agreements and monitor adherence to the terms of repayment agreements. Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating loan situations to minimize losses and maximize recoveries. Presents complex credits and recommends action plans to Senior Management. Maintains current knowledge of all laws, regulations, and rulings. Major Duties and Responsibilities: Direct management of Loan Workout. Provide guidance in managing commercial, multi-family and mixed-use portfolios by reviewing proposed courses of action, facts, and considerations. Maintain a workout portfolio of litigation matters that may involve loans from troubled debt. Restructure problem loans by negotiating terms and conditions with borrowers and evaluating borrower/sponsor financial profile, property (portfolio) cash flow and market conditions. Seek alternative means of loan repayment through foreclosure on real property or the liquidation of other collateral, when a review of the relevant facts and circumstances, including a review of the loan documents and the nature and value of the collateral, indicates that initiating and pursuing such legal remedies will likely result in a greater recovery by the Bank. Reduce the overall degree of risk associated with Special Assets credits. Guide counsel in collection strategy to maximize recovery and remain in close contact with counsel as matter progresses. Analyze financial statements, loan documents, and collateral to ascertain the best collection route. Make recommendations to senior management for approval of potential modifications or restructuring. Review, analyze and, if feasible, correct any structural or documentation deficiencies and monitor the bank's collateral position or liquidation of the collateral by, for example, obtaining and filing corrected mortgages, UCCs (Uniform Commercial Codes) or other loan documents or filing unfiled springing mortgages. Has frequent interaction with senior management regarding the status of problem loans. Visit individual sites, when appropriate, to evaluate physical collateral. Coordinate closing of modifications and troubled debt restructurings with counsel, borrower and borrower’s counsel. Monitor Delinquency Reports to identify potential problem loans. Mange and prepare reports for senior management. Ensure compliance with all regulations, policies and procedures. Perform additional accountabilities as required. Minimum Qualifications: Bachelor’s degree in business management, accounting, finance or real estate or equivalent experience. Minimum of eight years experience in Commercial, Multi-family and Mixed-Use lending and loan servicing activities. Knowledge, Skills, and Abilities: Commercial, Multi-family and Mixed-use loan experience. CRE expertise is a plus. Prior experience with large, syndicated credits. Experience across a broad spectrum of industries. Expert knowledge of specialized lending collections including managing litigation. Advanced knowledge of commercial lending, loan services and credit policy procedures. Advanced knowledge of loan collections and workout, loan processing/documentation and credit analysis. Excellent problem-solving, negotiating, and decision-making skills. Excellent written and verbal communication skills. Ability to organize, prioritize and manage multiple projects simultaneously. Proficient computer skills using Microsoft Word, Excel and Outlook. Pay Range: $135,000 - $160,000 Hours: 37.50 This is an exempt position. The actual compensation will be based on qualifications, experience and other factors permitted by law. EOE, including Disabled and Veterans
- 1 Month Ago
Commercial Loan Officer/Commercial Mortgage Broker
- Thorpe Commercial Capital
-
New York, NY
FULL_TIME
- Company DescriptionThorpe Commercial Capital provides commercial real estate debt and equity finance to owners and investors across all property types nationwide. The best terms for our clients are no...
- 1 Day Ago
Workout Officer
- F8F Santander Bank N.A.
-
New York, NY
FULL_TIME
- Workout Officer Country: 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 loan...
- 4 Days Ago
Loan Workout Relationship Manager
- IDB
-
New York, NY
FULL_TIME
- Company DescriptionFor more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to ...
- 4 Days Ago
AVP, Loan Workout Specialist
- The Community Preservation Corporation
-
Chappaqua, NY
FULL_TIME
- About UsThe Community Preservation Corporation (CPC) believes stable and sustainable affordable housing is the foundation of strong communities and we strive to contribute to comprehensive neighborhoo...
- 13 Days Ago
Commercial Loan Officer
- Hudson Valley Credit Union
-
Poughkeepsie, NY
FULL_TIME
- OverviewHudson Valley Credit Union is currently recruiting for the position of Commercial Loan Officer. Primary Function: counsel prospective commercial loan applicants regarding the specific commerci...
- 6 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 New York
New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States.
New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean.
In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Workout Officer jobs
$69,773 to $90,527
Most Popular Cities in New York 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