Commercial Real Estate Administration Manager

U.S. Bank • Cincinnati, OH

2d • Hybrid

About The Position

Provides direction and leadership for a team of Loan Administration Managers, and their respective Teams, whose responsibilities include reviewing and/or negotiating Commercial Real Estate (CRE) construction, REIT and term loan documents, perfecting the bank's interest, and providing administrative management of loan portfolios from the time the loans are approved until pay-off or maturity. The members of the team/group work on a variety of other complex specialized lending products including: non-recourse loans, unsecured borrowing base lines of credit, syndicated transactions and subscription lines. Directly and through staff, strategically manages and coordinates the CRE Loan Administration lending and portfolio management activities for assigned area/region, by successfully closing new business relationships and retaining and expanding relationships with existing customers. The Loan Administration Team is integral to the Deal Team for every relationship, together with Relationship Managers and Underwriting staff. Takes a leadership role in all aspects of ensuring prudent risk management from the time of term sheet execution through loan closing, due diligence review, while collaborating with other Deal Team members, and negotiating with outside counsel. Provides quality service to customers with effective partnership with internal operations which supports all assigned internal and external customers. This role requires working from our Cincinnati, OH or Saint Paul, MN location three (3) or more days per week.

Requirements

• Bachelor's degree, or equivalent work experience
• Five to seven years of experience in commercial real estate loan administration or related field, including project management/management experience

Nice To Haves

• Thorough knowledge of all operational systems/procedures and Commercial Real Estate (CRE) products and various other products and/or services supported by the CRE Administrators and other CRE staff
• Strong organizational, managerial and project management skills
• Thorough knowledge of credit policies, procedures and terminology, and regulations
• Strong analytical and problem-solving skills
• Thorough knowledge of real estate lending including letters of credit, borrower based lending, multi-phased construction and multiple collateral properties
• Well-developed technical expertise in closing and administration functions
• Thorough knowledge of commercial real estate finance, law, documentation, accounting, processes/procedures, operational risk management and data systems
• Well-developed customer relations skills
• Excellent verbal and written communications skills
• Ability to manage multiple tasks
• Experience managing people in a commercial credit environment

Responsibilities

• Reviewing and/or negotiating Commercial Real Estate (CRE) construction, REIT and term loan documents
• Perfecting the bank's interest
• Providing administrative management of loan portfolios from the time the loans are approved until pay-off or maturity
• Strategically manages and coordinates the CRE Loan Administration lending and portfolio management activities for assigned area/region
• Successfully closing new business relationships and retaining and expanding relationships with existing customers
• Takes a leadership role in all aspects of ensuring prudent risk management from the time of term sheet execution through loan closing, due diligence review
• Collaborating with other Deal Team members
• Negotiating with outside counsel
• Provides quality service to customers with effective partnership with internal operations

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: Manager