Special Loans Manager jobs in United States
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U.S. Bank · 6 days ago

Special Loans Manager

U.S. Bank is a financial institution focused on helping customers and businesses make informed financial decisions. The Special Loans Manager is responsible for restructuring complex problem loans, negotiating repayment agreements, and providing technical advice to lenders to minimize losses and maximize recoveries.

BankingFinancial ServicesInsuranceMortgageWealth Management

Responsibilities

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

Qualification

Commercial lendingLoan collectionsCredit analysisProblem-solvingInterpersonal communication

Required

Bachelor's degree in Business or related field, or equivalent work experience
Seven to ten years of experience in commercial lending and loan services activities

Preferred

Expert knowledge of specialized lending collections
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 and decision-making skills
Strong interpersonal and 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

Company

U.S. Bank

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At U.S.

Funding

Current Stage
Public Company
Total Funding
$991M
Key Investors
U.S. Department of the TreasuryMitsubishi UFJ Financial Group
2023-09-29Post Ipo Debt· $55M
2023-08-03Post Ipo Debt· $936M
1978-01-13IPO

Leadership Team

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John C Stern
CFO
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Shruti Patel
Executive Vice President & GM, CPO- Business Banking segment
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Company data provided by crunchbase