Special Loans Workout Manager

U.S. Bank; Tempe (AZ); On-site; USD 169,000 - 207,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank seeks a senior professional to lead the development and execution of resolution strategies for large, complex Commercial Real Estate problem loans, including restructurings, forbearances, note sales, bankruptcies, and asset dispositions.

You will negotiate repayment agreements, manage bilateral and syndicated credits, mentor junior workout professionals, and present risk assessments to senior management, while staying current on insolvency laws and creditor remedies.

Qualifications

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

Responsibilities

• Lead development and execution of resolution strategies for large, highly complex Commercial Real Estate problem loans (restructures, forbearances, note sales, bankruptcies, foreclosures, asset dispositions).
• Negotiate repayment agreements and monitor compliance; manage bilateral and syndicated credits; coordinate workouts with lenders, borrowers, and stakeholders; serve as Agent for syndicated facilities when needed.

Skills

CRE loans

C&I loans

Syndicated loans

Loan workout

Credit analysis

Negotiation

Communication

Problem solving

Education

Bachelor's degree in Business or related field

Master's 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.

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

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.

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 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.