Special Loan Workout Officer
About The Position
Responsible for restructuring large and complex, Corporate and Commercial problem loans. Independently analyzes loans and determines the most effective strategy (restructurings, forbearances, bankruptcies, etc.) to secure the repayment and/or collection of the debt. Negotiates with borrowers and their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements. Manages both bilateral and syndicated credits, including negotiating and coordinating workout strategies with participant lenders, borrowers, and key stakeholders. May serve as Agent for syndicated credit facilities and lead lender group negotiations. Evaluates borrower, sponsor, guarantor, collateral, and market conditions to identify recovery opportunities and formulate loss mitigation strategies. Present complex credits and recommended action plans to Senior Management in a concise manner. Provides consultation and strategic guidance to internal business line partners regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries. Maintains current knowledge of laws, regulations, and rulings related to insolvency, bankruptcy, loan enforcement, and creditor remedies. Mentors junior workout professionals.
Requirements
- Bachelor's degree in Business or related field.
- Ten to fifteen years of workout experience with middle market and large corporate loans.
- Corporate and Commercial loan experience.
- Prior experience with syndicated credits.
- Experience across a broad spectrum of industries.
- Expert knowledge of specialized lending collections including managing litigation.
- Advanced knowledge of commercial lending, loan services and credit policy/procedure.
- Advanced knowledge of loan collections and workout, loan processing/documentation and credit analysis.
- Excellent problem-solving, negotiating, and decision-making skills.
- Strong interpersonal, verbal and written communication skills.
- Ability to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Nice To Haves
- Master Degree a plus
- CRE expertise is a plus
- Experience serving as the Agent of syndicated credits a plus
Responsibilities
- Restructure large and complex, Corporate and Commercial problem loans.
- Analyze loans and determine the most effective strategy (restructurings, forbearances, bankruptcies, etc.) to secure the repayment and/or collection of the debt.
- Negotiate with borrowers and their representatives to secure repayment agreements and monitor adherence to the terms of repayment agreements.
- Manage bilateral and syndicated credits, including negotiating and coordinating workout strategies with participant lenders, borrowers, and key stakeholders.
- Serve as Agent for syndicated credit facilities and lead lender group negotiations.
- Evaluate borrower, sponsor, guarantor, collateral, and market conditions to identify recovery opportunities and formulate loss mitigation strategies.
- Present complex credits and recommended action plans to Senior Management.
- Provide consultation and strategic guidance to internal business line partners regarding the early identification and evaluation of deteriorating loan situations.
- Maintain current knowledge of laws, regulations, and rulings related to insolvency, bankruptcy, loan enforcement, and creditor remedies.
- Mentor junior workout professionals.
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
- Incentive and recognition programs
- Equity stock purchase
- 401(k) contribution and pension
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What This Job Offers
Job Type
Full-time
Career Level
Senior
