U.S. Bank is seeking an experienced attorney to join the Equipment Finance Legal Team to support U.S. Bank's Equipment Finance (EF) business line. This attorney will exercise considerable discretion in providing legal support to EF’s management, sales, credit, and negotiations teams for documentation needs relating to commercial equipment leases, loans and software financing products originated by EF or third-party financing sources such as equipment vendors, resellers and other financial institutions for transactions of all sizes and complexity, and the preparation and negotiation of documentation for EF’s vendor program relationships. The position offers candidates a career with exposure to a variety of legal issues, while working with various departments and individuals at U.S. Bank throughout the United States to serve as a trusted legal and business advisor.
Responsibilities include
- Structuring, drafting, reviewing and negotiating vendor program agreements and servicing agreements with EF’s indirect financing sources, such as original equipment manufacturers, resellers, brokers, and other financial institutions while ensuring compliance with established third-party risk management requirements;
- Reviewing third-party lending and leasing documentation for purchase through EF’s indirect financing and syndications channels;
- Lead in the provision of structuring, risk assessment, documentation, and transactional support related to lending and leasing products offered by EF to its customers and clients with a primary focus on complex, large ticket transactions;
- Developing and maintaining transactional lending and leasing contract document templates for large ticket transactions;
- Working with senior management, sales and credit teams to evaluate and develop new financing products;
- Providing counsel to EF on perfection, collateralization and other legal issues covered by Articles 2A and 9 of the Uniform Commercial Code;
- Developing relationships with and providing guidance to leadership, including executive officers, on issues that may present legal, regulatory, compliance, or reputational risk to the Company;
- Remaining informed and knowledgeable of the equipment finance industry and of legislation, regulations and court cases/decisions affecting EF’s business;
- Preparing general advice memoranda, training materials and other legal resources for use by EF personnel;
- It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorp’s “Code of Ethics”. Each employee is also expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position; and,
- Other duties and responsibilities as assigned.
Preferred Skills/Experience
- Relevant law firm or in-house experience, with a preference for at least six years’ experience supporting complex commercial equipment lease and loan transactions and indirect lending agreements and transactions; and,
- Strong analytical skills with high attention to detail and accuracy.
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:
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: $126,820.00 - $149,200.00
