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Job description
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.
nJob Description
nU.S. Bancorp Impact Finance is hiring for a Loan Administrator to support the Infrastructure Finance portfolio. Responsible for reviewing and negotiating loan documents for large, commercial, utility-scale loans. Responsible for protecting the bank's interest, and providing management of a loan portfolio from the time the loans are approved until pay-off or maturity. 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. Partners with Relationship Managers as primary liaison with customers, attorneys, construction consultants and title company representatives, during all phases of financing and closing.
nPrimary Responsibilities
nnnResponsible for managing due diligence and administrative management of loans specifically targeted towards renewable energy and infrastructure projects.
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nnProvides 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.
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nnEnsures all closing conditions are met and loans are closed and funded within time frames consistent with excellent customer service.
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nnMaintains files with sufficient documentation for third party review and prepares files for timely audits.
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nnWork closely with internal teams such as project management, asset management, legal, and compliance as well as external stakeholders.
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nnReviews loan documents and ensures alignment of documentation with loan booking systems.
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n nBasic Qualifications
nnnBachelor's degree, or equivalent work experience
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nnTypically five to seven years of experience in commercial real estate or project finance loan administration
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n nPreferred Skills/Experience
nnnExperience negotiating loan documents, reviewing and negotiating rates and terms for unique/specialized commercial loans
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nnThorough 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
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nnDemonstrated ability to close commercial real estate or project finance loans and manage a project finance loan portfolio
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nnThorough knowledge of commercial real estate finance or project finance, law, documentation, accounting and data systems
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nnAbility to meet the requirements to be commissioned as a Notary Public
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nnAbility to take initiative and work through ambiguous situations while remaining solution oriented
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n nLocation Expectations
nThe role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
nIf there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants ( .
nBenefits:
nOur approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
nnnHealthcare (medical, dental, vision)
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nnBasic term and optional term life insurance
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nnShort-term and long-term disability
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nnPregnancy disability and parental leave
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nn401(k) and employer-funded retirement plan
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nnPaid vacation (from two to five weeks depending on salary grade and tenure)
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nnUp to 11 paid holiday opportunities
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nnAdoption assistance
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nnSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
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n nReview our full benefits available by employment status here ( .
nU.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.
nE-Verify
nU.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 ( .
nThe 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: $75,820.00 - $89,200.00
nU.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
nApplicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
nPosting may be closed earlier due to high volume of applicants.
Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.