Attorney, Equipment Finance -Transaction and Negotiations

Us Bank; Charlotte (NC); On-site; USD 127,000 - 149,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation

Sick and Safe Leave

Life Insurance

Disability insurance

Job summary

U.S. Bank is seeking an experienced attorney to join the Equipment Finance Legal Team. The attorney will support management, sales, credit, and negotiations for documentation relating to commercial leases, loans, and software financing products.

Will interact with vendors, resellers and financial institutions across the United States. The role involves drafting and negotiating vendor and servicing agreements, risk assessment, and developing contract templates for large-ticket transactions, with

Qualifications

• Licensed by and in good standing with the appropriate state bar association.
• Six+ years’ experience supporting complex commercial equipment lease and loan transactions.
• Strong analytical skills with high attention to detail and accuracy.

Responsibilities

• Structuring, drafting, reviewing and negotiating vendor program agreements and servicing agreements.
• Reviewing third-party lending and leasing documentation for purchase through indirect channels.
• Lead in the provision of structuring, risk assessment, documentation, and transactional support for lending and leasing products.
• Developing and maintaining contract templates for large ticket transactions.
• Working with senior management, sales and credit teams on new financing products.
• Providing counsel on perfection, collateralization and other UCC issues.

Skills

Contract drafting

Contract negotiation

Legal analysis

Regulatory compliance

Education

State Bar License

Job description

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.

Job Description

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.

Basic Qualifications

• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority

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.

Location expectations This role requires working from a U.S. Bank location three (3) or more days per week.

We are proud that U.S. Bank has been recognized as a World’s Most Ethical Company® by the Ethisphere Institute and has been named the #1 Most Admired Superregional Bank by Fortune magazine.

Successful candidates for a position in the U.S. Bank Law Division support U.S. Bank’s core values, which guide what we do every day:

• We do the right thing.
• We power potential.
• We stay a step ahead.
• We draw strength from diversity.
• We put people first.

In the U.S. Bank Law Division, we honor those values through our mission: “we guide our clients to remarkable results with expert legal counsel and ethical leadership.” Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council’s “Excellence in Pro Bono Award,” and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role. In addition, the Law Division has been recognized for its leadership and engagement in Diversity, Equity, and Inclusion initiatives.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

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.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

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

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.