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Senior Credit Approval Specialist

2 months ago


Minneapolis, Minnesota, United States U.S. Bank Full time

About the Role:

U.S. Bank is seeking an experienced Credit Approval Officer to support our Business Banking organization. This individual will be part of a team supporting the Business Banking California and West Regions for Commercial (C&I) and Commercial Real Estate (D&I) lending.

Key Responsibilities:

  • Approve loans in excess of Business Banking Credit Services authority with a focus on larger and more complex Business Banking portfolios and ensures conformity with bank policies.
  • Work with underwriting and sales teams on transaction and covenant structures.
  • Ensure that ongoing administration and review is adequate to maintain the loan portfolios' quality and profitability.
  • Be accountable for an effective partnership between the Line of Business and the Lines of Defense.

Requirements:

  • Bachelor's or advanced degree, or equivalent work experience.
  • Typically more than 12 years of applicable experience.
  • Significant experience in underwriting, approving, and oversight of Commercial (C&I) and Commercial Real Estate (D&I) credit requests and portfolios.
  • Experience underwriting, approving, and oversight of SBA and Healthcare credit requests and portfolios.
  • Expert knowledge of Risk/Compliance/Audit competencies.
  • Ability to manage job scope and complexity of assigned business at the departmental and/or division level.
  • Strong leadership and management skills of processes, projects, and people.
  • Ability to collaborate effectively with business units to innovate and strategically grow portfolios while appropriately managing risk.
  • Excellent written and verbal communication skills.
  • Strong analytical, problem-solving and negotiation skills.
  • Well-developed customer service/relations skills.
  • Ability to guide and influence underwriting and sales teams to align with the bank's risk culture and appetite.
  • Ability to handle stressful situations while maintaining trusting relationships with the business line and other stakeholders.
  • Strong understanding of the business line's operations, products/services, systems, and associated risks/controls.
  • Considerable knowledge of applicable credit policies, laws/regulations, financial services, and regulatory trends that impact business banking/lending.

What We Offer:

  • A comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension.
  • 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.