Job DescriptionResponsible 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. Collaborates closely with a team of workout professionals.
Basic Qualifications
- 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
Preferred Skills/Experience
- Expert knowledge of specialized lending collections
- Proficient in navigating complex, sensitive, and challenging situations
- 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
This 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: $133,365.00 - $156,900.00
