Special Loans Workout Manager
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. Leads the development and execution of resolution strategies for large, highly complex, Commercial Real Estate problem loans. Strategies include restructurings, forbearances, note sales, bankruptcies, foreclosures, and asset dispositions. May at times also manage C&I credits. Negotiates with Borrowers and their representatives to secure repayment agreements and monitors compliance 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. Presents complex credits, risk assessments, and recommended action plans to Senior Management in a concise and effective 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, Master Degree preferred
- Ten to fifteen years of experience in commercial lending and loan services activities
Nice To Haves
- Commercial Real Estate Loan expertise; C&I Loan expertise is preferred.
- Prior experience with large, syndicated credits
- Experience serving as the Agent of syndicated credits
- 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
- Leads the development and execution of resolution strategies for large, highly complex, Commercial Real Estate problem loans.
- Negotiates with Borrowers and their representatives to secure repayment agreements and monitors compliance 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.
- Evaluates borrower, sponsor, guarantor, collateral, and market conditions to identify recovery opportunities and formulate loss mitigation strategies.
- Presents complex credits, risk assessments, and recommended action plans to Senior Management in a concise and effective 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.
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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
