Special Loan Workout Officer

About the role

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.

Responsibilities

• Responsible for restructuring large and complex, Corporate and Commercial problem loans.
• Independently analyzes loans and determines the most effective strategy (restructurings, forbearances, bankruptcies, etc.) to secure the repayment and/or collection of the debt.
• Negotiates with borrowers and their representatives to secure repayment agreements and monitors adherence to the terms of repayment agreements.
• Manages both bilateral and syndicated credits, including negotiating and coordinating workout strategies with participant lenders, borrowers, and key stakeholders.
• May serve as Agent for syndicated credit facilities and lead lender group negotiations.
• Evaluates borrower, sponsor, guarantor, collateral, and market conditions to identify recovery opportunities and formulate loss mitigation strategies.
• Present complex credits and recommended action plans to Senior Management in a concise manner.
• Provides consultation and strategic guidance to internal business line partners regarding the early identification and evaluation of deteriorating loan situations in order to minimize losses and maximize recoveries.
• Maintains