U.S. Bank Special Loan Rel Manager 1 in MINNEAPOLIS, Minnesota
Equipment Finance Loss Mitigation DefaultManagement has an opening for three Loss Mitigation Specialists – These positionscan be located in Marshall MN, Richfield / Minneapolis MN or Portland OR
If you have a passion to utilize yourleadership skills, and are interested in an opportunity to build strongrelationships with internal and external partners and customers - then thisposition is in alignment with your career goals and objectives; and willpresent you with continued growth opportunities.
In this position you would be responsiblefor strategies to maximize recovery opportunities and minimize losses as wellas ensure effective and appropriate handling of U.S. Bank Equipment Financeexposures within the regulatory and procedure guidelines established. Theposition will allow you the opportunity to work in a fast pace environment ,with a high energy team of talented and skilled individuals.
Job Responsibilities –
Review and analyze assigned files todetermine enhanced collection strategy to employ utilizing the establishedtools and parameters
Responsible for maintaining bad debtrecovery projections on assigned contracts
Continued follow-up on assignedfiles and maintain adequate records of all interactions within the system ofrecord
Timely and accurately responding todiscovery and data requests
Facilitate required InventoryReconciliations
Prepare for and provide statusupdates through Portfolio Reviews and weekly Loss Forecast meetings
Ensure regulatory compliance in allaspects of managing assigned contracts
Processing and recording of cashreceived, including documentation within the system of record, recommendationof cash adjustments, and any necessary fee waivers
Review attorney invoices of accuracyand prepare for submission of approval
Provide support to peers byconsulting on collection strategy and reviewing problematic contracts that mayrequire further action
Fully support U.S. Bank EquipmentFinance Client Advocacy
Bachelor's degree, or equivalent work experience
Three to five years of experience in lending/account management activities
Strong negotiation and critical thinking skills in order to navigate complex loss mitigation situations.
Well-developed customer service/relations skills
Effective interpersonal, verbal and written communication skills
Intermediate knowledge using excel
Job: Relationship Management
Primary Location: Minnesota-MN-Minneapolis
Shift: 1st - Daytime
Average Hours Per Week: 40
Requisition ID: 200007970
Other Locations: Oregon-OR-Tigard, Oregon
U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.