Associate Corporate Counsel

Royal Credit Union • Eau Claire, WI

10d • $112,028 - $154,814

About The Position

Royal Credit Union is seeking an attorney experienced in commercial lending, loss mitigation, and banking law to join its Legal team. The Associate Corporate Counsel is primarily responsible for loss mitigation and workout activities involving troubled business loan relationships and for overseeing advanced workout and legal actions. The role develops, documents, and implements strategies to resolve problem credit relationships or improve higher-risk loan relationships while limiting losses in accordance with regulatory guidelines and Royal’s policies, procedures, and goals. It also manages Other Real Estate Owned (OREO) assets and develops and implements policies, procedures, and systems for managing and reporting loan workout activities. The position collaborates with Corporate Counsel, the Special Assets Administrator, the Collection Manager, Business Lenders, the Credit Risk Officer, and external legal counsel. It also provides practical legal advice to support informed organizational decisions affecting loss mitigation and workout activities.

Requirements

• Bachelor’s degree from an accredited university.
• Juris Doctorate degree from an ABA-accredited law school.
• At least two years of experience as a practicing attorney in a law firm or in-house legal department, with experience in one or more of the following areas: collections, repossessions, foreclosure, bankruptcy, mortgage lending, commercial lending, general banking law, general corporate law, or general litigation in Minnesota and/or Wisconsin.
• At least three years of commercial lending/business collection experience or equivalent experience, including knowledge and experience with commercial lending workout techniques and structures.
• Licensed to practice law in Wisconsin or Minnesota upon hire.
• Strong analytical, problem-solving, organizational, judgment, and decision-making skills, including the ability to work independently, manage multiple priorities, meet deadlines, maintain quality, and achieve performance objectives.
• Strong knowledge of commercial lending, credit analysis, credit risk mitigation, workout strategies, contract law, valuation methodologies, regulatory guidance, accounting principles, and legal practices related to foreclosure, repossession, and bankruptcy.
• Strong written, verbal, and negotiation skills, including the ability to present information, respond to questions, and prepare clear and concise reports, correspondence, procedures, and presentations.
• Ability to collaborate across organizational levels, provide professional guidance to leadership, and lead or participate in projects while evaluating, improving, and implementing processes.
• Knowledge of applicable federal and state regulations and policy guidelines; proficiency with business systems and Microsoft Office products; and ability to learn new technologies and use Royal’s digital solutions.

Nice To Haves

• Five years of experience as a practicing attorney in a law firm or in-house legal department working with contract review and preparation, collections, repossessions, foreclosure, bankruptcy, mortgage lending, commercial lending, general banking law, general corporate law, or general litigation in Minnesota and/or Wisconsin.
• Three years of experience working with commercial real estate appraisals and applicable regulatory standards.
• Three years of experience overseeing and managing legal processes and regulatory standards related to workouts.

Responsibilities

• Develop, document, and implement comprehensive strategies to resolve problem credit relationships and upgrade higher-risk loan relationships while limiting losses.
• Oversee advanced workout and legal actions for troubled business loan relationships.
• Manage Other Real Estate Owned (OREO) assets.
• Develop and implement policies, procedures, and systems for managing and reporting loan workout activities.
• Coordinate actions and strategies with Corporate Counsel, the Special Assets Administrator, the Collection Manager, Business Lenders, the Credit Risk Officer, and external legal counsel.
• Provide practical legal advice to support informed decisions related to loss mitigation and workout activities.

Benefits

• Comprehensive medical, dental, and vision insurance plans.
• 5% 401(k) employer match.
• Paid family and sick leave.
• Vacation and sick time accruals.
• Childcare reimbursement.
• Tuition and student loan debt assistance.
• Pet insurance.
• Training and advancement opportunities.
• Travel and lodging reimbursement for eligible out-of-town Foundation Training learners, subject to Royal’s travel and expense reimbursement guidelines.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree