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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

Join a high-performing team of 7 (analysts and Portfolio Managers) focused on complex commercial real estate debt transactions.

The **Commercial Real Estate Senior Portfolio Manager** plays a critical role in managing portfolio risk and driving deal execution from start to finish. This position combines technical underwriting expertise with leadership responsibilities, ensuring credit quality and operational efficiency across a diverse portfolio of premier CRE clients. **Central region coverage** includes Minneapolis, Chicago, Milwaukee, and Ohio, with occasional collaboration in Dallas and Denver. Supporting projects nationwide.

+ Work with a **top-tier bank** known for strong credit discipline and long-term client relationships.

+ Exposure to a **breadth and depth of deals** across the U.S., offering unmatched growth opportunities.

+ Collaborative culture with a reputation for ethical leadership and customer excellence.

Key Responsibilities

+ **Portfolio Risk Management**

+ Ensure timeliness and accuracy of all credit actions.

+ Provide guidance on credit structure and risk rating decisions.

+ Participate in pre-flight discussions to assess deal viability.

+ **Deal Execution**

+ Direct transactions end-to-end, with a primary focus on underwriting.

+ Serve as the **primary presenter** for new-money requests to credit partners and senior stakeholders.

+ Coordinate with Credit, Loan Administration, and other groups to streamline workflow and maintain consistency in credit documentation.

+ **Team Leadership**

+ Mentor a team of Credit Analysts, directing and coordinating internal credit workflow.

+ Provide initial and ongoing training to new and existing analysts.

+ Allocate resources effectively to maintain efficiency and uniformity.

+ Keep the existing portfolio audit-ready at all times.

+ **Client Engagement**

+ Work with premier CRE clients across the country on high-profile deals.

+ Build strong relationships and deliver solutions aligned with client needs and regulatory standards.

+ **Technical Expertise**

+ Act as SME on portfolio and loans in process.

+ Mentor analysts on underwriting best practices and deal structuring.

Basic Qualifications

- Bachelor's degree, or equivalent work experience

- Seven to ten years of commercial lending experience

Preferred Skills/Experience

- Commercial Real Estate underwriting experience preferred

- Advanced knowledge of credit products

- Advanced knowledge of commercial lending policy, government agency compliance (Reg B, H, O, etc.), all applicable laws and regulations, credit quality standards, company and business line policies and procedures

- Strong analytical and problem-solving skills

- Advanced Excel skills

- Strong leadership ability to mentor coordinator the work of others

- Exceptional communication skills, especially in presenting credit recommendations.

- ARGUS and Salesforce experience preferred.

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week.

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:

+ 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

Review our full benefits available by employment status here (https://careers.usbank.com/global/en/benefits/us) .

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: $119,765.00 - $140,900.00

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.