Hybrid Loan Workout Manager

at U.S. Bank

• Job title: Loan Workout Manager
• Job type: Full Time
• Experience level: Senior, Lead
• Salary: $170,255 - $200,300 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Minneapolis, United States

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