Hybrid Loan Workout Manager

Posted 1 hour ago

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About the role

  • Team Lead managing restructuring of C&I loans and overseeing loan workout officers at U.S. Bank. Focused on securing debt repayment through various strategies while mitigating risks of non-credit products.

Responsibilities

  • Responsible for restructuring complex problem middle-market and occasionally large corporate C&I loans.
  • Manage a staff of loan workout officers with similar responsibilities.
  • Independently analyze loans and determine effective strategy including asset sales, bankruptcies, debt restructurings, to secure the repayment and/or collection of debt.
  • Manage both bilateral and syndicated credits.
  • Negotiate and coordinate strategies with the debtor, financial advisors, outside counsel, and other banks.
  • Mitigate risk of non-credit products such as Treasury management, Foreign Exchange, Corporate Payments Systems, and Trust.
  • Analyze creditworthiness of the borrower and recommend non-accrual status and/or charge offs when appropriate.
  • Provide technical advice to CRM staff and communicate effectively with business line and senior management.
  • Maintain knowledge of regulatory requirements and laws concerning insolvency, bankruptcy, etc.

Requirements

  • Bachelor's degree in Business or related field, Master’s Degree preferred.
  • Fifteen years of experience in commercial lending and loan services activities.
  • C&I loan experience; CRE expertise is a plus.
  • Advanced knowledge of loan collections and workout, loan processing/documentation, and credit analysis.
  • Experience managing people.
  • Advanced knowledge of commercial lending, loan services, and credit policy/procedure.
  • Excellent problem-solving, negotiating, and decision-making skills.
  • Strong interpersonal, verbal, and written communication skills.

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

Job title

Loan Workout Manager

Job type

Experience level

SeniorLead

Salary

$170,255 - $200,300 per year

Degree requirement

Bachelor's Degree

Location requirements

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