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.
The Commercial Real Estate Administrator is responsible for supporting the loan administration process by reviewing Commercial Real Estate (CRE) loan documents, coordinating financial reporting requirements, maintaining data integrity, and ensuring covenant compliance. This individual will support protecting the bank's interest, and providing management of a loan portfolio from the time the loans are approved until pay-off or maturity. This role serves as a liaison between the bank, agent banks, internal partners, and customers to ensure timely and accurate financial reporting and documentation. 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. Additional post-close responsibilities include collection of financial reporting, documenting receipt of the reporting, coordinating loan advances, establishing close working relationships with Relationship Managers and Underwriters.
This role requires working from a U.S. Bank location three (3) or more days per week.
Basic Qualifications: Bachelor's degree, or equivalent work experience. Typically five to seven years of experience in commercial real estate loan administration.
Preferred Skills/Experience: Thorough knowledge of commercial real estate lending including letters of credit, tax credit transactions, borrowing base lending, multi-phased construction, and transactions secured by multiple collateral properties. Demonstrated ability to close commercial real estate loans and manage a commercial real estate loan portfolio. Thorough knowledge of commercial real estate finance, law, documentation, accounting and data systems. Ability to meet the requirements to be commissioned as a Notary Public.
Our 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 (some may vary based on role, location or hours):
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: $75,820.00 - $89,200.00