Workout Specialist

UMB Bank • Minneapolis, MN • 2h ago

The UMB Distressed Debt team is a highly experienced group of workout professionals. They take on distressed bond transactions as successor indenture trustee and apply their experience to maximize returns for the bond investors. The Distressed Debt team handles corporate, municipal and conduit financing transactions, with extensive experience working with healthcare, senior living, multi-family housing, charter schools, higher education, tribal casinos and some of the nation's largest corporations.

The Workout Specialist position will manage a portfolio of distressed and defaulted bond and loan accounts for which UMB serves as indenture trustee or loan agent. Workout Specialists work closely with a team of corporate trust professionals, outside counsel, financial advisors and bond holders and lenders. Job duties include: Investigate breaches and defaults of loan documents and, typically in close consultation with the bond holders and lenders, develop and implement case specific strategies to maximize lender recovery. Strategies may include (without limitation) negotiated forbearance from the exercise of remedies as well as foreclosure of collateral, litigation and participation in bankruptcy proceedings. Select and hire attorneys, financial advisors and other professionals to support their efforts. These efforts are made in a representative capacity in which UMB is obligated to act prudently in the interest of the bond holders and lenders. The role will develop close and collaborative working relationships to generate additional business opportunities. UMB Corporate Trust depends on the confidence of its clients; the Workout Specialist must always act at the highest level of integrity and honesty.

Working in the Distressed Debt team at UMB can be strategic, challenging, and very rewarding. As a group we are independently serving clients, but we rely heavily on teamwork and shared knowledge to be successful as a unit. We perform at a high level for our clients and believe that relationships both internally and externally are key to UMB's success. We pride ourselves on being a welcoming and positive space and teammates are always happy to share their knowledge and help those around them.

We're excited to talk with you if:

You have a bachelor's degree or equivalent experience

You have at least 7 years of relevant experience (i.e., Corporate Trust administration, default workout experience, etc.)

Compensation Range:

$110,250.00 - $235,810.00

The posted compensation range on this listing represents UMB's standard for this role, but the actual compensation may vary by geographic location, experience level, and other job-related factors. In addition, this range does not encompass the full earning potential for this role. Please see the description of benefits included with this job posting for additional information.

UMB offers competitive and varied benefits to eligible associates, such as Paid Time Off; a 401(k) matching program; annual incentive pay; paid holidays; a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage; health savings, flexible spending, and dependent care accounts; adoption assistance; an employee assistance program; fitness reimbursement; tuition reimbursement; an associate wellbeing program; an associate emergency fund; and various associate banking benefits. Benefit offerings and eligibility requirements vary.

Are you ready to be part of something more?

You're more than a means to an end-a way to help us meet the bottom line. UMB isn't comprised of workers, but of people who care about their work, one another, and their community. Expect more than the status quo. At UMB, you can expect more heart. You'll be valued for exactly who you are and encouraged to support causes you care about. Expect more trust. We want you to do the right thing, no matter what. And, expect more opportunities. UMBers are known for having multiple careers here and having their voices heard.

UMB and its affiliates are committed to inclusion and diversity and provide employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex (including gender, pregnancy, sexual orientation, and gender identity), national origin, age, disability, military service, veteran status, genetic information, or any other status protected by applicable federal, state, or local law. If you need accommodation for any part of the employment process because of a disability, please send an e-mail to talentacquisition@umb.com to let us know the nature of your request.

If you are a California resident, please visit our Privacy Notice for California Job Candidates (https://p1.aprimocdn.net/umb/cdbf5f22-8f7a-43b9-bd03-b09f014a39c3/Privacy\Notice\for\California\Candidates\Original\file.pdf) to understand how we collect and use your personal information when you apply for employment with UMB.

Who we are

We are more than a company. We are advisors, consultants, problem solvers, friends, community members, experts, and we are here to help you make the best of every moment with a financial foundation that can help you succeed.

Learn more about UMB's vision (https://p1.aprimocdn.net/umb/8cf58ce2-e9d6-4621-b60a-b09f01638943/UMB\Tuce\Book\Original\file.pdf)

Check out the road to a career at UMB

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