Job DescriptionProvides direction and leadership for a team of Loan Administrators, whose responsibilities include reviewing and/or negotiating Structured Finance, Debt Funds, Repurchase Facilities, Commercial Real Estate (CRE) construction, Term loan documents, perfecting the bank's interest, and providing administrative management of loan portfolios from the time the loans are approved until pay-off or maturity. The members of the team/group work on a variety of other complex specialized lending products including: non-recourse loans, unsecured borrowing base lines of credit, Agency lines, syndicated transactions, and subscription lines. Directly and through staff, strategically manages and coordinates the CRE Real Estate Structured Finance Loan Administration lending portfolio and management of activities for assigned area/region. The Loan Administration Team is integral to the Deal Team for every relationship, together with Relationship Managers and Underwriting staff. Takes a leadership role in all aspects of ensuring prudent risk management from the time of term sheet execution through loan closing, due diligence review, while collaborating with other Deal Team members, and negotiating with outside counsel. Provides quality service to customers with effective partnership with internal operations which supports all assigned internal and external customers.
This position is strictly a hybrid role with onsite attendance requirements (3 or more days per week) at 214 N Tryon St., Charlotte, NC 28202Basic Qualifications- Bachelor's degree, or equivalent work experience
- Seven to nine years of experience in commercial real estate loan administration or related field, including management experience
Preferred Skills/Experience- Thorough knowledge of all operational systems/procedures and Commercial Real Estate (CRE) products and various other products and/or services supported by the CRE Administrators and other CRE staff
- Strong organizational, managerial and project management skills
- Thorough knowledge of credit policies, procedures and terminology, and regulations
- Strong analytical and problem-solving skills
- Thorough knowledge of real estate lending including letters of credit, borrower based lending, multi-phased construction and multiple collateral properties
- Well-developed technical expertise in closing and administration functions
- Thorough knowledge of commercial real estate finance, law, documentation, accounting, processes/procedures, operational risk management and data systems
- Well-developed customer relations skills
- Excellent verbal and written communications skills
- Ability to manage multiple tasks
- Experience managing people in a commercial credit environment
Location expectationsThis role requires working from a U.S. Bank location three (3) or more days per week.
Benefits: Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
- 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
Review our full benefits available by employment status here.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $111,605.00 - $131,300.00
Posting may be closed earlier due to high volume of applicants.