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Requisition ID | 2024-20294 | Location Name | Mount Laurel | County | Burlington | Category | Audit/Risk/Compliance | Position Type (Portal Searching) | Full-Time | FLSA Status | Exempt |
Our values define us and our culture inspires us to change lives for the better. Our employees are the heart and soul of our company, and every success we experience begins with them. Together we are committed to making a positive impact in our local communities. We champion a culture of continuous learning, work-life integration, and inclusion. We promote a digitally enabled work environment to continuously enhance the experience of our employees and customers.
The primary responsibility of this role is to develop, recommend and implement viable workout plans on the most complex problem commercial loans and commercial mortgages within Fulton Bank. Incumbents in this role will ensure that these accounts are properly monitored for debt repayment or, in the alternative, foreclosure or liquidation of assets to minimize or prevent loss or maximize recovery.
Bachelor Degree or the equivalent experience. Specialty: Relevant degree pertaining to the essential duties of this role. (Required)
Experience5 or more years Bank loan workout. (Required)
This role may perform other job duties as assigned by the manager. Each employee of the Organization, regardless of position, is accountable for reading, understanding and acting on the contents of all Company-assigned and/or job related Compliance Programs, regulations and policies and procedures, as well as ensure that all Compliance Training assignments are completed by established due dates. This includes but is not limited to, understanding and identifying compliance risks impacting their department(s), ensuring compliance with applicable laws or regulations, and escalating compliance risks to the appropriate level of management.
To provide greater transparency to candidates, we share base salary ranges on all job postings regardless of state. We set standard salary ranges for our roles based on the position, function, and responsibilities, as benchmarked against similarly sized companies in our industry. Specific compensation offered will be determined based on a combination of factors including the candidate's knowledge, skills, depth of work experience, and relevant licenses/credentials. The salary range may vary based on geographic location.
The salary range for this position is $84,100.00 - $140,200.00 annually.
Additional Compensation Components
This job is eligible to receive equity in the form of restricted stock units. This job is eligible to participate in a short-term incentive compensation plan subject to individual and company performance.
Additionally, as part of our Total Rewards program, Fulton Bank offers a comprehensive benefits package to those who qualify. This includes medical plans with prescription drug coverage; flexible spending account or health savings account depending on the medical plan chosen; dental and vision insurance; life insurance; 401(k) program with employer match and Employee Stock Purchase Plan; paid time off programs including holiday pay and paid volunteer time; disability insurance coverage and maternity and parental leave; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about your potential eligibility for these programs, please visit Benefits & Wellness | Fulton Bank.
As a condition of employment, individuals must be authorized to work in the United States without sponsorship for a work visa by Fulton Bank currently or in the future.
Full Time
$116k-153k (estimate)
05/08/2024
05/19/2024
The job skills required for Loan Workout Officer III include Accounting, Commercial Loans, etc. Having related job skills and expertise will give you an advantage when applying to be a Loan Workout Officer III. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Loan Workout Officer III. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Loan Workout Officer III positions, which can be used as a reference in future career path planning. As a Loan Workout Officer III, it can be promoted into senior positions as a Commercial Loan Workout Officer IV that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Loan Workout Officer III. You can explore the career advancement for a Loan Workout Officer III below and select your interested title to get hiring information.