Special Loan Workout Manager

U.S. Bank • St. Louis, MO

1d • Onsite

About The Position

The Special Loan Workout Manager is a Team Lead position that will be responsible for restructuring complex problem middle-market and occasionally large corporate C&I loans. In addition, this individual will manage a staff of loan workout officers with similar responsibilities. Although the Team Lead will focus on C&I loans, they may also work on CRE loans. Independently analyzes loans and determines the most effective strategy – including asset sales, bankruptcies, debt restructurings, etc. – to secure the repayment and/or collection of the debt. Capable of managing both bilateral and syndicated credits that may include negotiations with and coordination of recommended strategies to the debtor, financial advisors, outside counsel and potentially other banks or representatives of other debt or equity classes. Also responsible for the risk mitigation of non-credit products such as Treasury management, Foreign Exchange, Corporate Payments Systems and Trust. The Team Lead must be skilled at understanding and negotiating credit documents and monitoring the adherence to such documents. Responsible for analyzing the creditworthiness of the borrower, the prospect of timely repayment and recommending non-accrual status and/or charge offs, when appropriate. Provides technical advice and recommendations to CRM staff while effectively communicating with the business line and senior management. Maintains current knowledge of all regulatory requirements as well as laws concerning insolvency, bankruptcy, etc.

Requirements

• Bachelor's degree in Business or related field
• Fifteen years of experience in commercial lending and loan services activities.

Nice To Haves

• C&I loan experience; CRE expertise is a plus.
• Advanced knowledge of loan collections and workout, loan processing/documentation, and credit analysis.
• Experience managing people.
• Advanced knowledge of commercial lending, loan services, and credit policy/procedure.
• Excellent problem-solving, negotiating, and decision-making skills.
• Strong interpersonal, verbal, and written communication skills.
• Master’s Degree preferred.

Responsibilities

• Restructuring complex problem middle-market and occasionally large corporate C&I loans.
• Managing a staff of loan workout officers with similar responsibilities.
• Analyzing loans and determines the most effective strategy – including asset sales, bankruptcies, debt restructurings, etc. – to secure the repayment and/or collection of the debt.
• Managing both bilateral and syndicated credits that may include negotiations with and coordination of recommended strategies to the debtor, financial advisors, outside counsel and potentially other banks or representatives of other debt or equity classes.
• Responsible for the risk mitigation of non-credit products such as Treasury management, Foreign Exchange, Corporate Payments Systems and Trust.
• Understanding and negotiating credit documents and monitoring the adherence to such documents.
• Analyzing the creditworthiness of the borrower, the prospect of timely repayment and recommending non-accrual status and/or charge offs, when appropriate.
• Provides technical advice and recommendations to CRM staff while effectively communicating with the business line and senior management.
• Maintains current knowledge of all regulatory requirements as well as laws concerning insolvency, bankruptcy, etc.

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