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Special Loan Associate 3
Special Loan Associate 3U.S. Bancorp • Brookfield, WI, US
Special Loan Associate 3

Special Loan Associate 3

U.S. Bancorp • Brookfield, WI, US
1 day ago
Job type
  • Full-time
Job description

Job Title

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 atall from Day One.

Job Description

Responsible for reviewing and / or managing the drafting of commercial loan documents, while protecting the bank's interest and assisting Special Asset Group (SAG) Relationship Managers, Portfolio Managers or Asset Manager as applicable with the management of performing and non-performing loans or a portfolio of OREO (other real estate owned). In addition to construction and term loans, a typical loan portfolio may include unsecured and secured borrowing base lines of credit, subscription lines, and various other complex loan products. The Special Loan Associate is an integral member of the SAG Operations Team and ensures protection of the Bank's interest while providing a high level of customer service.

Basic Qualifications :

  • Bachelor's degree or equivalent experience
  • Five to seven or more years of experience in commercial loan administration or transferable experience in commercial loan administration and documentation

Preferred Skills / Experience :

  • Considerable knowledge of commercial loan documentation and loan servicing systems
  • Strong technical expertise in loan management functions
  • Advanced knowledge of commercial loan finance, law, documentation, accounting, data systems, Bankruptcy, and Appraisals and Valuations
  • Knowledgeable with compliance matters such as Regulation B, SCRA, Credit Bureau Usage and Flood compliance
  • Ability to meet the requirements to be commissioned as a Notary Public

    • Additional Job Description :

    The operations support staff is responsible for assisting in the administration of a portfolio of performing and non-performing loans. Provides customer service to commercial, corporate, community banking, trust, private client, consumer and residential loan customers, as applicable in the form of operations, administrative and clerical support to the assigned Loan Relationship Manager as follows :

  • Boards loans, loan renewals, modifications, etc. assuring accuracy and compliance via Credit Memo and loan documentation.
  • Works closely with Attorney's, Title Officer's or Lending Services representative's for loans to coordinate the recording of collateral documents to include but not limited Deeds of Trust, Forbearance Agreements and UCC filings for non-real estate collateral.
  • Orders Internal Loan Documents through CLDOCS via CLWII per Credit Memo approval.
  • Adheres to Flood Compliance obtaining flood approval through prefunding tasks.
  • May order Appraisals, Environmental Requests and Evaluations through the RIMS appraisal system.
  • Monitors and clears collateral exceptions.
  • Prepares Payoff Letters assuring compliance with Treasury for prepayment indemnity.
  • Fixed Rate Lock requests as instructed.
  • Processes payments, payoffs, partial pay downs and loan maintenance as instructed.
  • Prepare PCMR books for quarterly reporting and distribution.
  • Initiate the payment of legal and other invoices as applicable through the Workday eInvoice tool
  • Expense tracking for borrower reimbursement of payments
  • Order Credit Bureau Reports / LexisNexis / DNB etc.
  • Performs check backs to assure accuracy of all system maintenance, boarding's, etc.
  • DDA & LOC account closures as instructed.
  • DDA account opened through CCS for bank-controlled accounts.
  • Default Rates invoking / revoking maintenance to system(s) per terms of the Promissory Note and as instructed by RM.
  • ACH Risk Profile Form and WAM Monitoring ACH report for expiring commitments as instructed by RM.
  • Protective advance per Credit Memo approval and as instructed by RM.
  • Performs various research as need on loans and accounts.
  • Transfer In / Out Process RM system maintenance, Customer Profile / Information Sheet, coordination of paper or electronic file to or from originating business line.
  • Clerical support such as, but not limited to general filing, customer correspondence, ordering of supplies, mail distribution, UPS labels, record retention, service requests for copiers, fax machines, computers and laptops
  • Familiar with SBA (Small Business Administration) process, such as submission of Guaranty, Charge Off and Liquidation Packages, CPC Tab, SBA Etran, SBA tracking systems such as BBNet.
  • Please note for this role the in-office requirement is 4 days in office (Friday is standard WFH day)

    • 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

    • 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.

    The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range : $25.63 - $34.18

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