Alliant Credit Union
We set the standard for simple and rewarding digital banking.
Rolling Meadows, IL

Sr. Commercial Loan Workout Specialist

Start a Rewarding Career with Alliant

What will your day look like?

You will be responsible for the effective management and resolution of a loan portfolio of defaulted or troubled commercial real estate loans as well as the asset management and disposition of OREO. The incumbent will ensure the implementation of a timely workout strategy, the coordination of legal action, and the pursuit of recoveries with the goal of mitigating risks and minimizing losses from such activities. The Workout Specialist will ensure policies, procedures, and oversight of the commercial loan portfolio are adhered to in accordance with the standard operating procedures of Alliant Credit Union. The incumbent will prepare and present status reports for senior management and other areas as required. Work includes assisting examiners, internal auditors and external loan review auditors on a periodic basis. Resources required are strong financial analysis and negotiation skills and the ability to identify and implement solutions that benefit the Credit Union.

Responsibilities

Do you see yourself doing this?

  • Oversee borrower negotiations, track all modifications, oversee regular troubled asset reports and pursue remedies
  • Establish/review current process for periodic review of troubled commercial real estate loans
  • Guide handling and/or take over handling of trouble commercial real estate loans
  • Pursue remedies with support of outside counsel
  • Negotiate resolutions and/or modifications of troubled loans
  • Ensure compliance with policies and procedures
  • Collect, prepare, and analyze business and personal financial statements to administer a turnaround solution or exit strategy of complex credit relationships
  • Assess the credit quality of a relationship to determine the overall performance and associated risk and make recommendations for grading, accrual status, or loss recognition
  • Coordinate with legal, audit, and credit/loan policy departments, as necessary, to ensure compliance of negotiated workout agreements
  • Manage and monitor past due loans
  • Prepare and present loan portfolio status updates and reports as required
  • Serve as an asset manager on OREO and, on occasion, as a direct property manager
  • Represent the credit union in all interactions with court appointed receivers
  • Serve as the credit union representative in court proceedings

Qualifications

What makes you a great fit?

You’ll be a great fit if in addition to the completion of a Bachelor's degree in Business Administration, Finance, or a related field, required; Master’s degree preferred, and you have:

 

  • 10+ years’ of credit analysis, lending and loan workout experience, required
  • Strong analytical, critical thinking and problem solving skills
  • Strong financial analysis skills
  • Experienced at interacting with clients, bank counsel, third party service providers
  • Strong negotiation skills and the ability to work effectively under adverse conditions
  • Strong presentation and communication skills to include both verbal and written skills
  • Proficiency with both Excel and PowerPoint
  • Highly motivated, self-driven individual who can think strategically, operate independently and take accountability for the function
  • Ability to motivate, influence and collaborate with others both internally and externally
  • Ability to multi-task in a fast paced environment and prioritize focus on most impactful activities

 

When you’re happy, we’re happy!

As a thank you for joining our team, you’ll benefit from:

 

  • Competitive medical, dental, and free vision benefits
  • Competitive compensation plan
  • Contributions towards gym memberships
  • Generous PTO and banking holidays off
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Where we are

1600 Golf Road, Rolling Meadows, IL 60008

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What are Alliant Credit Union Perks + Benefits

Alliant Credit Union Benefits Overview

Alliant constantly works on improving its Employee Value Proposition. Our Human Capital Group team seeks ongoing employee feedback to continue to raise the bar on employee-focused benefits, making updates to the existing and adding new benefits every year.

Culture
Volunteer in local community
Alliant participates in local volunteer activities such as Fantasy Flight, Plane Pull, Feed My Starving Children & more. In addition, we offer 8 hours of paid volunteer time benefit for all employees.
Friends outside of work
Eat lunch together
Intracompany committees
Alliant has Employee Events & Community Engagement team, the ACU Foundation, Brand Journalism/Alliant Reporters team, on-site Toastmasters club & Women's Resource Group.
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Diversity
Documented equal pay policy
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Alliant employees can contribute up to $2750 annually to their medical FSA and $5,000 to dependent care FSA.
Disability Insurance
Disability insurance covers 66.7% of annual salary up to $10000 monthly maximum payout.
Dental Benefits
Preventive services covered at 100%, Basic services covered at 80%; Major restorative services covered at 50%; Orthodontics covered at 50%
Vision Benefits
Alliant offers free vision benefits to its employees. The vision benefits plan covers 100% for annual eye exams after $10 copay and $150 for glasses and contact lenses annually.
Health Insurance Benefits
Our insurance policy covers up to 85% of out of pocket expenses.
Life Insurance
Life insurance is equal to 1 times an employee's annual salary.
Pet Insurance
Our pet insurance policy covers up to 90% of out of pocket expenses.
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
Alliant matches 100% of employee’s contribution up to 5% of salary
401(K) Matching
Alliant provides employees with a 401(k) matching plan managed by Fidelity. We match 100% of contributions up to 5% of an employee's annual gross pay.
Performance Bonus
In four out of the last five years, Alliant’s bonus payouts were above 100% with the 2018 bonus payout at 113%.
Match charitable contributions
The Alliant Credit Union Foundation also matches employee donations made to non-religious, non-political 501(c)(3) organizations up to a total of $200 per person per calendar year.
Child Care & Parental Leave Benefits
Generous Parental Leave
We provide up to 6 weeks of parental leave for the primary caretaker. We also provide 2 weeks of leave for the secondary caretaker.
Flexible Work Schedule
Alliant provides employees with a flexible work schedule that includes Flexible start and end times.
Remote Work Program
Family Medical Leave
Employees who have been with the company for 12 months are eligible for up to 26 weeks of family medical leave.
Vacation & Time Off Benefits
Generous PTO
Our employees receive between 21 and 31 days per year of paid time off based on years of service.
Paid Volunteer Time
Our employees receive 8 hours per year of paid volunteer time.
Paid Holidays
Perks & Discounts
Casual Dress
Commuter Benefits
Employees can withhold up to $265 per month pre-tax for transit expenses and up to $265 per month pre-tax for parking expenses.
Company Outings
Alliant hosts between 4 and 6 major employee events in a year, including the Annual Volleyball Tournament, annual summer party and employee appreciation day celebration.
Stocked Kitchen
Currently, Alliant offers free snacks, free hot beverages and bottled water during the day, free lunch/food events on occasion and bi-weekly free fruit.
Some Meals Provided
Parking
We offer employees A parking subsidy.
Fitness Subsidies
Alliant reimburses its employees up to $35 per month for gym, health and fitness services and activities.
Professional Development Benefits
Job Training & Conferences
Alliant offers employees professional development opportunities like Annual individual budget for training, onsite training courses and the ability to attend job-related conferences and seminars.
Tuition Reimbursement
Our tuition reimbursement plan offers an annual max of $5250 with a maximum total match of $5250.
Diversity Program
Lunch and learns
Alliant hosts lunch and learn and hour with the leader meetings once per quarter, giving our employees to hear from our executive and senior leadership teams.
Cross functional training encouraged
Promote from within
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

Alliant constantly works on improving its Employee Value Proposition. Currently, Alliant offers free snacks, free hot beverages and bottled water, free lunch/food events on occasion, personal concierge service, on-site package/mailing service, massage therapy, discounted ticket sales, car wash, dry cleaning, convenience store, vehicle maintenance, banking and a gym at our headquarters location.

Our company works hard to create a work environment that allows our employees to maintain a healthy work/life balance. We encourage our employees to take advantage of flexible hours and offer an option to work remotely. Alliant also offers a very generous PTO package, which starts new employees with 21 PTO days annualized in their first year of employment.

The well-being of our employees and their families translates to productivity and commitment to their jobs. That is why we constantly work on launching new benefits that will help them find the best medical care at the lowest cost and get the help they need with convenience and without unnecessary stress.

Jobs at Alliant Credit Union
15

All Jobs
All Jobs
Finance
Data + Analytics
Design + UX
Dev + Engineer
Operations
Sales
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UX/UI Designer

Alliant Credit Union
Chicago
1 week ago
+44
The UX/UI Designer will oversee all elements of design, including: Ideation and Concept development, Information Architecture (IA), Visual and User Interface design (UI), User Interaction design (IX), Usability, and ADA Compliance. The UX/UI Designer will work with the business and technology groups to balance the needs and capabilities of the organization with the best possible member experience. Work involves providing thought leadership and paving the way for new interactions and product experiences.

Supervisor, Deposit Servicing

Alliant Credit Union
Chicago
1 week ago
+44
You will be responsible for leading and directing the work efforts of a team engaged in the membership and depository account opening process for products such as checking/savings and IRAaccounts and the related servicing of, including but not limited to the processing of account adjustments, deceased account processing, and tax reporting. The Supervisor, Deposit Servicing is responsible for payment disputes in the areas of Credit, Debit, ACH and Check. The incumbent must maintain knowledge of all chargeback processing phases, including but not limited to chargebacks, presentments, arbitration, and compliance. 

Sr. Network Security Engineer

Alliant Credit Union
Chicago
1 week ago
+44
What will your day look like? You will be responsible for design and support in all aspects of Network infrastructure consisting of LAN/WAN, HW & SW, routers, switches, management systems, and monitoring systems, telecommunications equipment, voicemail systems, call center management systems and various other network and voice related infrastructure technologies. The incumbent will also functions as a Project Leader on various initiatives while

Sr. Commercial Loan Workout Specialist

Alliant Credit Union
Chicago
1 month ago
+44
You will be responsible for the effective management and resolution of a loan portfolio of defaulted or troubled commercial real estate loans as well as the asset management and disposition of OREO. The incumbent will ensure the implementation of a timely workout strategy, the coordination of legal action, and the pursuit of recoveries with the goal of mitigating risks and minimizing losses from such activities. The Workout Specialist will ensure policies, procedures, and oversight of the commercial loan portfolio are adhered to in accordance with the standard operating procedures of Alliant Credit Union. The incumbent will prepare and present status reports for senior management and other areas as required. Work includes assisting examiners, internal auditors and external loan review auditors on a periodic basis. Resources required are strong financial analysis and negotiation skills and the ability to identify and implement solutions that benefit the Credit Union.

Sr. Data Engineer

Alliant Credit Union
Chicago
1 month ago
+44
You will assists the organization through the continued build-up and operationalization of an enterprise class Modern Data environment, including various components within the Hadoop stack.  Resources to do the job require substantial hands-on experience working with the technologies encompassed within the Hadoop technology stack while also having knowledge and capabilities as a systems developer.

Loan Servicing Representative

Alliant Credit Union
Northwest Suburbs
1 month ago
+44
You will be responsible for servicing consumer loans from post-origination through early stages of delinquency, or until pay off.  The incumbent will assist members with vehicle title requests, gathering sales tax, preparing loan payoffs, monitoring insurance coverage, ensuring accurate loan information, creating miscellaneous reports and ultimately reducing potential losses to the credit union. Responsibilities include serving as a resource to the frontline for loan servicing questions and ensuring that internal and external customers receive exceptional customer service. 

ServiceNow Developer

Alliant Credit Union
Chicago
1 month ago
+44
You will be responsible for core system configuration and development, gathering and documenting user and process requirements, functional requirements, and developing technical requirements. The incumbent is responsible for developing workflow customizations, and supporting the Service transformation teams. The Service Now Developer will have an understanding of Service Now functionality and how all ITIL processes can be implemented in Service Now. This includes, but is not limited to Incident Management, Change Management, Problem, CMDB Management, Service Catalog, Problem Management modules.

Data Services Analyst

Alliant Credit Union
Chicago
1 month ago
+44
You will be responsible for understanding/driving business data requirements and evaluating the data to those requirements, whether they are for a Data Warehouse/Business Intelligence initiative or to provide Root Cause Analysis for an incident. A key responsibility is to work with business stakeholders and peers (such as Business Analysts, Data Modelers, BI and Data Engineers) to enhance the organization’s Enterprise Data Strategy for Modern Data Environments including Advanced Analytics, Data Lake and Data Warehouse. The Data Analyst will also provide documentation and support of your analysis findings and data validation performed for conversion of business requirements into detailed technical designs.  This will include business definitions to empower Self-Service Analytics, The data rules identified by you will be used to develop test plans/scenarios and incorporated in data quality and validation routines to ensure the highest quality deliverables.

Sr. Business Intelligence Engineer

Alliant Credit Union
Chicago
1 month ago
+44
You will be responsible for collaborating with business teams and data owners to successfully implement and maintain enterprise level business analytics and data warehousing solutions. The ideal candidate must be able to support our business partners with their reporting needs, via dashboards, Business Object reports, mobile reporting, and self-service analytics requirements. Work involves moderate to complex difficulty in working on multiple high-level projects concurrently. Candidate must have a medium to expert level at designing, implementing, and operating our Business Intelligence toolkit. Additional requirements include experience in the financial industry and understanding requirements management process, and report testing and validation process.

Fair Lending Data Analyst

Alliant Credit Union
Northwest Suburbs
2 months ago
+44
You will be responsible for performing and maintaining in-house fair lending statistical analytical programs for identifying fair lending risks using strong econometrics and programming skills plus regression analysis and statistical techniques for disparate impact testing for our credit card, mortgage, consumer lending, and home equity loan businesses. The incumbent is responsible for designing the testing components and flow, data preparation, fair lending model development, documentation, and refinement. The Fair Lending Data Analyst will evaluate exiting Fair Lending testing methodologies to ensure validity, efficiency, and accuracy and build new experimental designs/proof of concepts to evaluate new statistical methods that can be applicable in enhancing and solidify the current testing framework.

Residential Loan Underwriter

Alliant Credit Union
Chicago
2 months ago
+44
Responsible for underwriting First Mortgages and Home Equity Loans in compliance with credit union and secondary market guidelines, and render final credit decisions accordingly. Examine loan disclosures and documentation for accuracy and completeness and work with loan originators, processing staff, third party vendors and members to secure all required documents needed to analyze the credit worthiness of the borrower. Ability to review property title reports and identify and clear unpaid liens and / or judgements. Review financial statements, credit reports and applicable income documentation to determine debt ratios. Ability to review Automated Valuation Models (AVMs) and Appraisals to determine acceptability of collateral. Evaluate and examine transactions to ensure accuracy and adherence to Alliant Credit Union guidelines. Assist with re-negotiations of loans based on counter offers, as needed. Provide direct communication with members and both internal and external business partners to gather information to make appropriate decisions, explain rationale behind credit decision. Meet all departmental goals for productivity, quality and turnaround time.

Collections Representative

Alliant Credit Union
Northwest Suburbs
3 months ago
+44
You will be responsible for servicing early stages of delinquency for member loan and depository products including, but not limited to: credit cards, mortgages, auto, student and personal loans.  Work involves making and receiving calls to members to facilitate one-time payments, performing transfer transactions between Alliant accounts, updating member contact information and establishing automatic payments or third party authorizations.  The incumbent will provide an enhanced member experience while performing basic loss prevention activities.

Sr. Data Integration Engineer

Alliant Credit Union
Chicago
3 months ago
+44
You will be responsible for designing and implementing efficient, flexible, extensible, and scalable ETL designs of medium to high complexity in an Enterprise environment.  This includes data modeling, metadata analysis, in-depth understanding of the Informatica PowerCenter ETL and Data Transformation Tools and administering the Informatica PowerCenter platform. The candidate must be highly proficient and experienced at designing, implementing, and supporting ETL solutions data warehouse environment. Ideal candidate must be able to handle multiple highly complex projects concurrently and collaboratively in an Agile environment.

Sr. Data Architect

Alliant Credit Union
Chicago
3 months ago
+44
You will be responsible for designing, creating, deploying and managing the organization's enterprise data architecture.  This position will act as a technical architect for the Alliant Managed Data Environments including data lake, data warehouse and business intelligence enterprise strategy. It requires deep technical expertise in data architecture, database design, ETL processes, business reporting/analytics, big data, and cloud. Work involves in-depth analysis of multiple highly complex projects concurrently while setting the data strategy for the enterprise.  

Member Service Consultant (Call Center)

Alliant Credit Union
Northwest Suburbs
4 months ago
+44
The Member Service Consultant is the voice of Alliant Credit Union and serves a critical role in our member experience. Successful candidates have a genuine interest in helping people and finding solutions to their needs. Our Member Care Center isn’t a typical call center environment – we make it comfortable so you’re able to effectively handle a high volume of phone calls from our members with quality and care. Our total compensation and total rewards are highly competitive within the industry.