Sales Support Commercial Real Estate Admin

U.S. Bank • Cincinnati, OH

9h • 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 The Commercial Real Estate Administrator is responsible for supporting the loan administration process by reviewing Commercial Real Estate (CRE) loan documents, coordinating financial reporting requirements, maintaining data integrity, and ensuring covenant compliance. This individual will support protecting the bank’s interest, and providing management of a loan portfolio from the time the loans are approved until pay-off or maturity. This role serves as a liaison between the bank, agent banks, internal partners, and customers to ensure timely and accurate financial reporting and documentation. In addition to construction and term loans, a typical loan portfolio may include unsecured and secured borrowing base lines of credit, subscription lines, and various other complex loan products. Partners with Relationship Managers as primary liaison with customers, attorneys, construction consultants and title company representatives, during all phases of financing and closing. Additional post-close responsibilities include collection of financial reporting, documenting receipt of the reporting, coordinating loan advances, establishing close working relationships with Relationship Managers and Underwriters. This role requires working from a U.S. Bank location three (3) or more days per week.

Requirements

• Bachelor’s degree, or equivalent work experience
• Typically five to seven years of experience in commercial real estate loan administration

Nice To Haves

• Thorough knowledge of commercial real estate lending including letters of credit, tax credit transactions, borrowing base lending, multi-phased construction, and transactions secured by multiple collateral properties
• Demonstrated ability to close commercial real estate loans and manage a commercial real estate loan portfolio
• Thorough knowledge of commercial real estate finance, law, documentation, accounting and data systems
• Ability to meet the requirements to be commissioned as a Notary Public

Responsibilities

• reviewing Commercial Real Estate (CRE) loan documents
• coordinating financial reporting requirements
• maintaining data integrity
• ensuring covenant compliance
• management of a loan portfolio from the time the loans are approved until pay-off or maturity
• liaison between the bank, agent banks, internal partners, and customers to ensure timely and accurate financial reporting and documentation
• Partners with Relationship Managers as primary liaison with customers, attorneys, construction consultants and title company representatives, during all phases of financing and closing
• collection of financial reporting
• documenting receipt of the reporting
• coordinating loan advances
• establishing close working relationships with Relationship Managers and Underwriters

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
• Number of Employees: 5,001-10,000 employees