Loan Administrator - Commercial Real Estate and Infrastructure Finance
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. U.S. Bancorp Impact Finance is hiring for a Loan Administrator to support the Infrastructure Finance portfolio.
Responsibilities
- Reviewing and negotiating loan documents for large, commercial, utility-scale loans.
- Protecting the bank’s interest and providing management of a loan portfolio from the time the loans are approved until pay-off or maturity.
- Managing a typical loan portfolio that may include unsecured and secured borrowing base lines of credit, subscription lines, and various other complex loan products (in addition to construction and term loans).
- Partnering with Relationship Managers as primary liaison with customers, attorneys, construction consultants and title company representatives during all phases of financing and closing.
- Managing due diligence and administrative management of loans specifically targeted towards renewable energy and infrastructure projects.
- Providing administrative management of a portfolio of assigned Project Finance construction, term loans, and Letters of Credit in accordance with credit policy requirements for risk management.
- Ensuring all closing conditions are met and loans are closed and funded within time frames consistent with excellent customer service.
- Maintaining files with sufficient documentation for third party review and preparing files for timely audits.
- Working closely with internal teams such as project management, asset management, legal, and compliance as well as external stakeholders.
- Reviewing loan documents and ensuring alignment of documentation with loan booking systems.
Qualifications
- Bachelor’s degree, or equivalent work experience.
- Typically five to seven years of experience in commercial real estate or project finance loan administration.
Skills
- Experience negotiating loan documents, reviewing and negotiating rates and terms for unique/specialized commercial loans.
- Thorough knowledge of commercial real estate or project finance lending including letters of credit, tax credit transactions, borrowing base lending, multi-phased construction, and transactions secured by multiple collateral properties.
- Demonstrated ability to close commercial real estate or project finance loans and manage a project finance loan portfolio.
- Thorough knowledge of commercial real estate finance or project finance, law, documentation, accounting and data systems.
- Ability to meet the requirements to be commissioned as a Notary Public.
- Ability to take initiative and work through ambiguous situations while remaining solution oriented.
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
Pay
The salary range for this role is $75,820.00 – $89,200.00.
Schedule
The role offers a hybrid/flexible schedule, with an in-office expectation of 3 or more days per