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At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Directs the activities of a middle market/commercial lending division, including the supervision of a staff of Team Leaders. Oversees business development activities and handles the most complex corporate loan requests. Sustains profitability and growth of the division. Determines policies and procedures for credit research and risk analysis. Manages the design, origination and servicing of middle market/commercial loans. Ensures borrowers remain in compliance with terms of exiting loans.

Job Description:

The Division Manager leads the Power & Utilities division within the Institutional Client Group, overseeing a team of Relationship Managers, and Associates. This role is responsible for driving strategic growth, managing complex corporate lending activities, and ensuring the division’s profitability and operational excellence. The ideal candidate will bring deep sector expertise, strong leadership capabilities, and a commitment to delivering client-focused solutions.

Key Responsibilities:

Leadership & Team Management

+ Direct the activities of the Power & Utilities division, including supervision and oversight of relationship management teams.

+ Provide strategic direction, mentorship, and performance management to ensure team effectiveness and alignment with business goals.

Business Development & Client Engagement

+ Lead business development initiatives targeting specialized clients across Power (Independent Power Producers), Utilities (regulated electric, gas and water), and Cooperatives.

+ Cultivate and maintain senior-level client relationships, ensuring delivery of customized financial solutions and long-term value.

Credit & Risk Oversight

+ Oversee the origination, structuring, and servicing of complex corporate and commercial loans.

+ Establish and enforce policies and procedures for credit, underwriting, and risk analysis.

+ Ensure ongoing compliance with loan terms and proactively manage portfolio risk.

Strategic Planning & Financial Performance

+ Sustain and grow the division’s profitability through disciplined portfolio management and strategic client acquisition.

+ Develop cost-effective programs and operational strategies to optimize division performance and resource allocation.

Governance & Compliance

+ Ensure adherence to internal controls, regulatory requirements, and enterprise risk frameworks.

+ Partner with internal stakeholders across credit, legal, compliance, corporate product, and capital markets teams to support sound decision-making and execution.

Basic Qualifications

- Bachelor's or Master's degree in finance, accounting or other related field

- 15 or more years of banking experience

- Demonstrated management and leadership skills

Preferred Skills/Experience

- Strong leadership abilities and strategic management skills

- Thorough knowledge of division and relation to industry

- Excellent verbal and written communication skills

- Excellent analytical, decision-making and problem-solving skills

- Considerable tact, diplomacy and people skills

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

+ 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

E-Verify

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $238,765.00 - $280,900.00

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.