Assistant General Counsel – SBA and Commercial Lending

Role Overview

• Serve as key legal advisor to SBA guaranteed lending group on loan transactions, documentation, SBA requirements, changes to SBA standard operating procedures, and business line procedures and goals.
• Provide legal advice to commercial lending business lines on commercial loan transactions, including complex real estate and title issues, UCC reviews, and legal documentation.
• Draft and review loan documents for use in internal documentation systems and draft, review, and negotiate commercial loan documents and other legal documents on behalf of U.S. Bank.
• Advise business units, risk groups, operations teams, and senior leadership regarding federal regulatory issues, changing legal landscape, and solutions to legal challenges.
• Solve legal challenges in an efficient manner, including problem solving on specific transactions, revising internal procedures, and advising on changes to legal requirements on SBA and commercial lending.
• Manage and oversee outside counsel on commercial lending, SBA lending issues, and dispute resolution.
• Stay abreast of relevant market, legal and regulatory developments and work closely with business lines and support partners to ensure continuous compliance with laws, regulations, and policies.
• Train business units regarding SBA lending, real estate issues, UCC issues, and other legal challenges in commercial lending.
• Become familiar with and provide guidance on relevant U.S. Bank policies and procedures, particularly as related to SBA guaranteed lending.

Requirements

• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
• A minimum of 10 years’ experience practicing law, including both:
  1. Law firm experience leading commercial loan transactions and
  2. In-house experience at a regulated financial institution.
• Strong and demonstrated knowledge of SBA-guaranteed lending and SBA Standard Operating Procedure.
• Significant experience with real estate secured commercial lending transactions, including loan document drafting, negotiating, title reviews, and problem solving, as well as strong experience with the Uniform Commercial Code.
• Strong drafting, negotiating, issue-spotting and risk identification skills.
• Exceptional written and verbal communication skills with both legal and business audiences.
• Demonstrated ability to work both independently and collaboratively and to set priorities and exercise judgment in a fast-paced and dynamic environment.
• Ability to collaborate confidently and effectively with a diverse range of stakeholders, including senior leaders.
• Demonstrated ability to develop trusting relationships with internal clients, outside counsel, and other internal stakeholders such as credit, operations, and risk functions.
• Experience with healthcare, agricultural, and franchise lending.
• Familiarity with banking regulations, such as Regulation B.
• Familiarity with dispute resolution in commercial lending and real estate transactions, including eminent domain and mechanics’ liens.
• Experience with process improvements and incorporation of technology solutions into legacy legal processes.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law