Special Loan Workout Officer

U.S. Bank•Minneapolis, MN

2d•Hybrid

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.

Nice To Haves

Master Degree a plus
Corporate and Commercial loan experience; CRE expertise is a plus
Prior experience with syndicated credits
Experience serving as the Agent of syndicated credits a plus
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

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 both 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 in a concise manner.
Provide 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.
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