Senior Corporate Counsel – Commercial Lending

About the role

U.S. Bank is seeking an experienced Commercial Lending Attorney with expertise in Uniform Commercial Code and real estate secured lending transactions to join the commercial lending legal team. This attorney will support business banking in the Consumer and Business Banking business line, as well as commercial lending operations, risk functions, and internal commercial loan documentation. The role involves strategic collaboration with relationship managers, support staff, and outside counsel.

The successful candidate will join a dynamic, diverse, and collaborative team of legal professionals supporting all of U.S. Bank’s commercial lending activities. Successful candidates consistently provide excellent advice and guidance to clients and colleagues on a variety of legal matters, build trusting relationships, and contribute to the development of the Law Division.

Responsibilities

• Provide legal advice to commercial lending business lines on commercial loan transactions, including complex real estate and title issues, UCC reviews, and legal documentation.
• Draft and review loan documents for use in internal commercial loan documentation systems.
• Research legal issues under federal and all states’ laws.
• Solve legal challenges efficiently, including problem-solving on specific transactions, revising internal procedures, and advising on changes to legal requirements related to commercial lending.
• Advise on loan defaults or loan dispute resolutions.
• Stay informed of relevant market, legal, and regulatory developments.
• Train business units on real estate issues, UCC issues, and other legal challenges in commercial lending.
• Provide guidance on relevant U.S. Bank policies and procedures.

Requirements

• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority.
• Juris Doctor from an ABA accredited institution.
• Admitted to State Bar in good standing.

Skills

• A minimum of 3-5 years’ experience practicing law, including law firm experience leading commercial loan transactions and/or in-house experience at a regulated financial institution.
• Strong and demonstrated knowledge of commercial lending transactions.
• Experience with real estate secured commercial lending transactions, including loan document drafting, negotiating, title reviews, and problem-solving, as well as strong experience with the Uniform Commercial Code.
• Strong drafting, negotiating, issue-spotting, and risk identification skills.
• Exceptional written and verbal communication skills with both legal and business audiences.
• Demonstrated ability to work both independently and collaboratively and to set priorities and exercise judgment in a fast-paced and dynamic environment.
• Ability to collaborate confidently and effectively with a diverse range of stakeholders.
• Demonstrated ability to develop trusting relationships with internal clients, outside counsel, and other internal stakeholders such as credit, operations, and risk functions.
• Experience with healthcare, agricultural, and franchise lending (preferred).
• Familiarity with banking regulations, such as Regulation B (preferred).
• Familiarity with SBA guaranteed lending (preferred).
• Familiarity with dispute resolution in commercial lending and real estate transactions, including eminent domain and mechanics’ liens (preferred).
• Experience with process improvements and incorporation of technology solutions into legacy legal processes (preferred).

Schedule

This role requires working from a U.S. Bank location three (3) or more days per week.

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 $133,365.00 - $156,900.00, based on the primary location. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase, and 401(k) contribution and pension (all benefits are subject to eligibility requirements).