USAmeriBancorp

Associate General Counsel - Commercial

USAmeriBancorp • $150K — $200K *
Morristown, NJ 07960In-Person
Legal & Accounting
5 - 7 years of experience
More than 3 months ago
Job Overview by Ladders

Qualifications

  • JD Degree and highly experienced licensed attorney with 7-10 years of applicable legal experience.
  • Admission to practice in good standing in New Jersey and/or New York.
  • Experience in banking matters at a medium to large law firm or in-house legal department at a bank.
  • Substantial experience in secured transactions, notably in borrowing base and asset-based facilities.
  • Strong knowledge of Article 9 of the UCC and lending regulatory issues.
  • Excellent verbal and written communication skills.
  • Ability to draft complex loan documentation.

Responsibilities

  • Structure, draft, negotiate, and review various loan documents for middle market transactions.
  • Review documentation for syndicated and participated facilities.
  • Draft and advise on consents, waivers, and workout credits.
  • Create and review confidentiality agreements and release letters.
  • Monitor legal risks and provide advice on commercial lending transactions.
  • Collaborate with various departments to ensure legal compliance in policies and procedures.
  • Manage external counsel and maintain loan document forms.

Benefits

  • Working in a collaborative environment with cross-departmental exposure.
  • Opportunity to provide legal expertise to senior management and department heads.
  • Ability to influence and shape banking policies and procedures.
  • Continuous development of loan documentation forms to improve legal processes.
Full Job Description
Responsibilities include but are not limited to:
  • Structure, draft, negotiate and review loan documentation for middle market transactions, including credit agreements, collateral agreements, intercreditor agreements, participation agreements, among others.
  • Review of documentation for syndicated and participated facilities.
  • Draft and review consents, waivers, reservations of rights, as well provide advice in connection with pre-workout or workout credits.
  • Draft and review other documents such as confidentiality agreements, non-reliance letters, termination and release letters.
  • Knowledge of laws, regulations, case law and market trends affecting the bank's commercial lending business.
  • Work with representatives from various departments to address the legal requirements for policies and procedures.
  • Identify and assess legal risk and provide legal advice and assistance in resolving or escalating matters related to commercial lending transactions.
  • Manage outside counsel.
  • Assist with developing and maintaining loan document forms.
  • Provide internal clients with timely, effective, accurate, business-sensitive, professional, creative and comprehensive responses and other services to achieve business objectives.
    Provide legal advice and guidance to senior management and department heads of the bank and its subsidiaries.
  • Establish and maintain working relationships across all levels of the organization to be a trusted advisor on legal matters.
  • Conduct business dealings to the highest ethical standards and in compliance with legal requirements and policies.


Required Skills:
  • Knowledge of and experience with Article 9 of the UCC and lending regulatory issues.
  • Substantial experience in secured transactions, including, but not limited to, borrowing base facilities, asset-based facilities and commercial real estate transactions. Experience in other specialty areas such as healthcare, fund finance and international lending preferred but not required.
  • Experience in derivatives (ISDA documentation) and trade finance are a plus.
  • Ability to draft complex loan documentation.
  • Excellent verbal and written communication skills.
  • Ability to apply principles of legal, logical or scientific thinking to a wide variety of intellectual and practical problems.
  • Ability to read, analyze and interpret the complex documents.

Required Experience:
  • JD Degree and highly experienced licensed attorney with a minimum of 7 - 10 years of applicable experience.
  • Experience with banking matters at a medium to large law firm with banking clients and/or an in-house legal department at a bank.
  • Admission to practice in good standing in the state of New Jersey and/or the state of New York.

Preferred Experience:
  • Experience handling middle market and syndicated loan transactions.
  • Familiarity with market trends and regulatory developments affecting commercial lending.
  • Previous experience in a corporate legal department or government agency.

About USAmeriBancorp

Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets. ,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
Learn more about USAmeriBancorp
Industry
Legal & Accounting
* Ladders Estimates

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