Special Loans Manager
About The Position
Responsible for restructuring large and very complex problem loans. Independently analyzes loans and determines the most effective strategy to secure repayment and/or collection of debt. Negotiates with debtors or their representatives to secure repayment agreements and monitors adherence to their terms. Provides technical advice and assistance to lenders on early identification and evaluation of deteriorating loan situations to minimize losses and maximize recoveries. Maintains current knowledge of laws, regulations, and rulings concerning insolvency and bankruptcy. The role requires strong financial analysis skills, including the ability to spread financial statements independently and analyze results. The position requires working from the listed U.S. Bank location three or more days per week.
Requirements
- Bachelor's degree in Business or a related field, or equivalent work experience.
- Seven to ten years of experience in commercial lending and loan services activities.
- Strong financial analysis skills, including the ability to spread financial statements independently and analyze results.
Nice To Haves
- Expert knowledge of specialized lending collections.
- Advanced knowledge of commercial lending, loan services, and credit policy and procedures.
- Advanced knowledge of loan collections and workout, loan processing and documentation, and credit analysis.
- Excellent problem-solving and decision-making skills.
- Strong interpersonal skills and verbal and written communication skills.
Responsibilities
- Restructure large and very complex problem loans.
- Independently analyze loans and determine effective strategies to secure repayment and/or collect debt.
- Negotiate repayment agreements with debtors or their representatives.
- Monitor adherence to repayment agreement terms.
- Advise and assist lenders with early identification and evaluation of deteriorating loan situations to minimize losses and maximize recoveries.
- Maintain current knowledge of laws, regulations, and rulings concerning insolvency and bankruptcy.
- Spread financial statements independently and analyze results.
Benefits
- Medical, dental, and vision healthcare coverage.
- Basic term and optional term life insurance.
- Short-term and long-term disability coverage.
- Pregnancy disability and parental leave.
- 401(k) and employer-funded retirement plan.
- Paid vacation of 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 hours 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, subject to eligibility requirements.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Manager
