Commercial Equipment Finance Attorney

U.S. Bank • Minneapolis, MN

1d • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description U.S. Bank is seeking an attorney to join the Equipment Finance Legal Team to support U.S. Bank's Commercial Equipment Finance (EF) business line. Part of the U.S. Bank Commercial Legal Team, this attorney will have the opportunity to provide legal support on all EF legal issues, with primary responsibility for the administration of troubled or defaulted commercial equipment leases, loans and software financing products originated by EF or third-party financing sources such as equipment vendors, resellers and other financial institutions, resolution of customer complaints and disputes, and collateral, titling and other post-booking matters. The position offers candidates a career with exposure to a variety of legal issues, while working with various departments and individuals at U.S. Bank to serve as a trusted legal and business advisor.

Requirements

• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
• Thorough and current knowledge of laws and regulations impacting the subject matter and/or business line supported by the attorney
• Strong analytical, organizational and communication skills
• Strong commitment to client service

Nice To Haves

• Relevant law firm or in-house experience, with a preference for at least five years’ experience supporting commercial equipment lease and loan collections, workout, and dispute resolution functions for a bank-owned, captive or independent equipment finance company.

Responsibilities

• Providing legal counsel to loss mitigation, recovery specialists and the EF business line in interpreting contract language, considering strategic alternatives, and advising on workout and recourse options
• Working with loss mitigation and recovery specialists as they interact with outside legal counsel, appraisers, and other professional advisors regarding troubled or defaulted commercial equipment leases and loans, including those involved in bankruptcy proceedings
• Creating and maintaining standard commercial lease and loan workout documents
• Preparing and negotiating settlement agreements for matters which are not in litigation
• Consulting with outside counsel conducting litigation on behalf of EF to enforce commercial equipment leases and loans
• Assisting the EF business line in responding to legal discovery requests, garnishment orders and other subpoenas
• Identify and assist with regulatory compliance requirements and management of legal and operational risk
• Working with EF's team of quality assurance and risk review specialists to resolve customer complaints
• Providing counsel to EF on perfection, collateralization and other legal issues covered by Articles 2A and 9 of the Uniform Commercial Code
• Preparing general advice memoranda, training materials and other legal resources for use by EF personnel
• Interpretation, application, review and revision of various EF, Law Division and U.S. Bank policies and procedures.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed
• Number of Employees: 5,001-10,000 employees