Special Loans Workout Manager

Us Bank; St. Louis (MO); On-site; USD 169,000 - 207,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) retirement plan

Paid vacation

11 paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank seeks a senior professional to lead resolution strategies for large, highly complex CRE problem loans, including restructurings, forbearances, note sales, bankruptcies, foreclosures, and asset dispositions.

You will negotiate repayment terms with borrowers, manage bilateral and syndicated credits, and coordinate workout strategies with lenders and stakeholders. You will present risk assessments to senior management and mentor junior workout professionals, while staying current on

Qualifications

• Bachelor's degree in Business or related field; Master Degree preferred.
• Ten to fifteen years of experience in commercial lending and loan services activities.

Responsibilities

• Leads the development and execution of resolution strategies for large, highly complex CRE problem loans (restructures, forbearances, note sales, bankruptcies, foreclosures, asset dispositions).
• Negotiates repayment agreements with borrowers and monitors compliance; manages bilateral and syndicated credits; coordinates workouts with lenders and stakeholders.
• Presents complex credits and risk assessments to Senior Management and provides guidance to internal partners on deteriorating loan situations to minimize losses.
• Maintains knowledge of insolvency, bankruptcy, loan enforcement, and creditor remedies; mentors junior workout professionals.
• Role requires working from a U.S. Bank location three (3) or more days per week.

Skills

CRE loan expertise

C&I loan expertise

Syndicated credits

Negotiation skills

Credit policy/procedure

Loan collections and workout

Stakeholder management

Communication skills

Education

Bachelor's degree in Business or related field

Master Degree preferred

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

Leads the development and execution of resolution strategies for large, highly complex, Commercial Real Estate problem loans. Strategies include restructurings, forbearances, note sales, bankruptcies, foreclosures, and asset dispositions. May at times also manage C&I credits.

Negotiates with Borrowers and their representatives to secure repayment agreements and monitors compliance to the terms of repayment agreements. Manages both bilateral and syndicated credits, including negotiating and coordinating workout strategies with participant lenders, borrowers, and key stakeholders. May serve as Agent for syndicated credit facilities and lead lender group negotiations. Evaluates borrower, sponsor, guarantor, collateral, and market conditions to identify recovery opportunities and formulate loss mitigation strategies.

Presents complex credits, risk assessments, and recommended action plans to Senior Management in a concise and effective manner. Provides consultation and strategic guidance to internal business line partners regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries.

Maintains current knowledge of laws, regulations, and rulings related to insolvency, bankruptcy, loan enforcement, and creditor remedies. Mentors junior workout professionals.

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

Basic Qualifications

• Bachelor's degree in Business or related field, Master Degree preferred
• Ten to fifteen years of experience in commercial lending and loan services activities

Preferred Skills/Experience

• Commercial Real Estate Loan expertise; C&I Loan expertise is preferred.
• Prior experience with large, syndicated credits
• Experience serving as the Agent of syndicated credits
• Expert knowledge of specialized lending collections including managing litigation
• 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, negotiating, and decision-making skills
• Strong interpersonal, verbal and written communication skills

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: $169,380.00 - 207,020.00

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 20 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.