Job Title
Responsible for restructuring large and very complex problem loans. Independently analyzes loans and determines the most effective strategy to secure the repayment and / or collection of the debt. Negotiates with debtors or their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements. Provides technical advice and assistance to lenders regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries. Maintains current knowledge of all laws, regulations, and rulings concerning insolvency, bankruptcy, etc. May manage a staff of loan workout employees.
Basic Qualifications - Bachelor's degree in Business or related field, or equivalent work experience - Five to seven years of experience in commercial lending and loan services activities
Preferred Skills / Experience - Advanced knowledge of specialized lending collections - Thorough knowledge of commercial lending, loan services and credit policy / procedure - Thorough knowledge of loan collections and workout, loan processing / documentation and credit analysis - Excellent problem-solving and decision-making skills - Strong interpersonal and verbal and written communication skills
This role is hybrid. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days.
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours) :
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.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.
Portfolio Manager • Minneapolis, MN, US