Special Loans Manager

U.S. Bank • Brookfield, WI

2d • 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 Responsible for restructuring large and very complex problem loans. Independently analyzes loans and determines the most effective strategy to secure the repayment and/or collection of the debt. Negotiates with debtors or their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements. Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries. Maintains current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc. May manage a staff of loan workout employees.

Requirements

• Bachelor's degree in Business or related field, or equivalent work experience
• Seven to ten years of experience in commercial lending and loan services activities

Nice To Haves

• Expert knowledge of specialized lending collections
• 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 and decision-making skills
• Strong interpersonal and verbal and written communication skills

Responsibilities

• Responsible for restructuring large and very complex problem loans.
• Independently analyzes loans and determines the most effective strategy to secure the repayment and/or collection of the debt.
• Negotiates with debtors or their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements.
• Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries.
• Maintains current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc.
• May manage a staff of loan workout employees.

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