Special Loans Workout Manager
| Company | U.S. Bank |
|---|---|
| Location | Chicago, IL, USA, Minneapolis, MN, USA |
| Salary | $206720 – $243200 |
| Type | Full-Time |
| Degrees | Bachelor’s, Master’s |
| Experience Level | Senior, Expert or higher |
Requirements
- Bachelor’s degree in Business or related field, Master Degree preferred
- Fifteen years of experience in commercial lending and loan services activities
Responsibilities
- Restructuring large and very complex problem middle-market and large corporate Commercial Real Estate (CRE) loans
- Managing a staff of loan workout officers
- Independently analyzing loans and determining the most effective strategy to secure repayment and/or collection of the debt
- Managing both bilateral and Agented credits including negotiations with participant banks, debtors, financial advisors, and outside counsel
- Responsible for the risk mitigation of non-credit products
- Analyzing the creditworthiness of the borrower and recommending non-accrual status and/or charge offs when appropriate
- Providing technical advice and recommendations to CRM staff while effectively communicating with the business line and senior management
- Maintaining current knowledge of all regulatory requirements as well as laws concerning insolvency, bankruptcy, etc.
Preferred Qualifications
- CRE loan experience; C&I expertise is a plus
- Prior experience with large, syndicated credits
- Experience serving as the Agent of syndicated credits
- Experience across a broad spectrum of industries
- Experience managing people
- 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