Special Loans Workout Manager

Job Title

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:

• 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

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.

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: $ -