Special Loans Workout Officer

at  US Bank National Association

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

The Special Loan Workout Officer is a Team Lead position that will be responsible for restructuring large and very complex problem middle-market and large corporate C&I loans that result in the best outcome for credits in a variety of unique industries. In addition, this individual will manage a staff of loan workout officers with similar responsibilities. Although the Team Lead will focus on C&I loans, they may also work on Commercial Real Estate credits as well as loans from specialized industry verticals such as Asset-Based Finance and Sponsor Finance. Independently analyze loans and determines the most effective strategy – including asset sales, bankruptcies, debt restructurings, etc. – to secure the repayment and/or collection of the debt. Capable of managing both bilateral and Agented credits that includes negotiations with and coordination of recommended strategies to participant banks, the debtor, financial advisors, outside counsel and representatives of other debt or equity classes. Also responsible for the risk mitigation of non-credit products such as Treasury management, Foreign Exchange, Corporate Payments Systems and Trust. The Team Lead must be skilled at understanding and negotiating credit documents and monitoring the adherence to such documents.
Responsible for analyzing the creditworthiness of the borrower and the prospect of timely repayment and recommending non-accrual status and/or charge offs, when appropriate. Provides technical advice and recommendations to CRM staff while effectively communicating with the business line and senior management. Maintains current knowledge of all regulatory requirements as well as laws concerning insolvency, bankruptcy, etc.

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

• C&I expertise preferred; Commercial Real Estate expertise is a plus
• 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

The role offers a hybrid/flexible schedule, which means there’s an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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.

• 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 la