Loss Mitigation Specialist

U.S. Bank National Association • Marshall, MN

1d • Onsite

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
Administers a portfolio of performing and non-performing loans. Develops and recommends strategies to maximize recovery and reduce losses and ensure effective restructuring, recovery or charge-off of adversely graded loans. Works with officials of lending and borrowing institutions to better secure collateral, equity or other assets of the borrower. Engages in other activities designed to preserve the loan principal, collect interest as possible, or charge-off the loan if appropriate.
This role requires working from our Marshall, MN location three (3) or more days per week.

Requirements

• Bachelor's degree, or equivalent work experience
• One to three years of experience in lending/account management activities

Nice To Haves

• Good working knowledge of credit legal principles, accounting, economics, and financial statement analysis
• Some knowledge of lending interest rates, loan terms and conditions, and real estate methodologies
• Good negotiation skills
• Well-developed customer service/relations skills
• Effective interpersonal, verbal and written communication skills

Responsibilities

• Administers a portfolio of performing and non-performing loans.
• Develops and recommends strategies to maximize recovery and reduce losses and ensure effective restructuring, recovery or charge-off of adversely graded loans.
• Works with officials of lending and borrowing institutions to better secure collateral, equity or other assets of the borrower.
• Engages in other activities designed to preserve the loan principal, collect interest as possible, or charge-off the loan if appropriate.

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