U.S. Bank Job - 32072538 | CareerArc
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Company: U.S. Bank
Location: Minneapolis, MN
Career Level: Mid-Senior Level
Industries: Banking, Insurance, Financial Services


Equipment Finance Loss Mitigation Default Management has an opening for three Loss Mitigation Specialists  These positions can be located in Marshall MN, Richfield / Minneapolis MN or Portland OR


If you have a passion to utilize your leadership skills, and are interested in an opportunity to build strong relationships with internal and external partners and customers - then this position is in alignment with your career goals and objectives; and will present you with continued growth opportunities.


In this position you would be responsible for strategies to maximize recovery opportunities and minimize losses as well as ensure effective and appropriate handling of U.S. Bank Equipment Finance exposures within the regulatory and procedure guidelines established.  The position 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 to determine enhanced collection strategy to employ utilizing the established tools and parameters

  • Responsible for maintaining bad debt recovery projections on assigned contracts

  • Continued follow-up on assigned files and maintain adequate records of all interactions within the system of record

  • Timely and accurately responding to discovery and data requests

  • Facilitate required Inventory Reconciliations

  • Prepare for and provide status updates through Portfolio Reviews and weekly Loss Forecast meetings

  • Ensure regulatory compliance in all aspects of managing assigned contracts

  • Processing and recording of cash received, including documentation within the system of record, recommendation of cash adjustments, and any necessary fee waivers

  • Review attorney invoices of accuracy and prepare for submission of approval

  • Provide support to peers by consulting on collection strategy and reviewing problematic contracts that may require further action

  • Fully support U.S. Bank Equipment Finance Client Advocacy



Basic Qualifications

- Bachelor's degree, or equivalent work experience
- Three to five years of experience in lending/account management activities

Preferred Skills/Experience

- 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
- Leadership proficiencies
- Intermediate knowledge using excel

 Apply on company website