Job Description

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, were one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Job Description

GENERAL SUMMARY:

The Insurance Premium Finance Banker is accountable for all aspects of Insurance Premium Finance (IPF) lending across Ascent, Private Wealth Management, and Wealth Management Community. Responsible for developing and managing relationships with high income/high net worth IPF clients. Supports standards for managing IPF portfolios in a manner than ensures compliance with banking regulations, policies, and procedures, credit quality and credit policy requirements. Shared responsibility for soliciting, developing, managing and retaining client relationship for Wealth Management.

ESSENTIAL FUNCTIONS:

* Responsible for retention, development and growth of affluent and/or high net worth IPF relationships.
* Coordinate, sync and interface with external Broker General Agents (BGAs) as well as internal partners within U.S. Bank for credit review, analysis, and approval.
* Provides financial advice to and counsel, including alternative solutions, to IPF clients and prospective clients.
* Manages relationships with clients to ensure clients IPF financial needs are met and exceeded.
* Interface with internal and external partners, including clients, PWAs, PWCs, BGAs, at onset of lending discussion.
* Manage IPF opportunities from inception to closing as well as ongoing portfolio management and ongoing premium advances and loan renewals.
* Ensures the credit worthiness of customers, maintaining proper risk ratings and maintaining client satisfaction.
* Analyze economic and industry market trends to identify potential business opportunities and high-risk situations.
* Analyzes existing loans to ensure conformity with terms and to detect the development of unfavorable trends.
* Lead preflight discussions with the credit team.
* Negotiate terms through approval and closing.
* Monitor portfolio - credit +, reviews/renewals, premium payments.

Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures. Actively participates in any required corporate and business line training in these areas. Follows account procedures and understands and follows internal suspicious activity referral requirements and processes, as required for this position. Actively works with customers to understand each customers normal account activity, as appropriate for this position.

It is the individual responsibility of every employee to maintain a current awareness and understanding of and to fully comply with U.S. Bancorps Code of Ethics. Each employee is expected to maintain an awareness of the laws, regulations, internal policies and procedures that are appropriate for his/her position.

SPECIFICATIONS:

This is a general description which covers all levels/grades of the job. Level/grade assignments are determined by the attached leveling guidelines. Minimum qualifications are outlined below:

Qualifications

* 7+ years of banking experience.
* Excellent working knowledge of IPF lending, including origination, and portfolio management
* Experience working with complex credits
* Knowledge of unit(s) and relation to industry.
* Well-developed verbal and written communication skills.
* Well-developed analytical, decision-making and problem-solving skills.
* Considerable tact, diplomacy and people skills.
* Bachelors degree or equivalent work experience
* Knowledge of U.S. Bank internal systems preferred

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified.

Benefits:
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.

Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting usbank.com/careers.

EEO is the Law
Applicants can learn more about the companys status as an equal opportunity employer by viewing the federal EEO is the Law poster.

E-Verify

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.