Commercial Real Estate (CRE) Portfolio Manager

U.S. Bank • Minneapolis, MN

1d • $98,175 - $115,500 • Hybrid

About The Position

The Commercial Real Estate (CRE) Portfolio Manager 3 partners with assigned Relationship Managers to manage and grow a middle‑market commercial real estate loan portfolio primarily across the western U.S., including California. This role is responsible for underwriting credit exposure, managing portfolio risk, supporting new business opportunities, and maintaining strong client relationships through the full credit lifecycle. The position supports both new and existing relationships and collaborates closely with Credit, Loan Administration, and other internal partners.

Requirements

• Bachelor’s degree or equivalent work experience
• Five to seven years of commercial banking experience

Nice To Haves

• Commercial real estate lending or underwriting experience (preferred, not required)
• Strong knowledge of commercial lending policy, credit quality standards, and applicable laws and regulations
• Solid understanding of credit products and portfolio risk management
• Strong analytical and problem‑solving skills
• Ability to work effectively across teams to manage customer relationships
• Well‑developed written communication and verbal presentation skills
• Using Microsoft Excel, nCino, and Copilot software; strong typing and MS Office skills are preferred.
• Proficiency with Microsoft Excel and MS Office

Responsibilities

• Underwrite and manage all types of commercial real estate credit exposure for an assigned middle‑market portfolio
• Partner with Relationship Managers to support new business development, retain existing relationships, and expand customer relationships as directed by senior management
• Collect borrower financial statements and coordinate spreading with internal credit support teams
• Monitor loan covenants and perform quarterly trend analysis for 15–20 loans, as well as annual reviews for all loans in the portfolio
• Manage active construction loans, including monthly monitoring and project updates
• Assist with new money requests, including pre‑flight vetting, market analysis, and credit structuring discussions
• Prepare clear, concise written credit analyses and present recommendations to credit approval partners through written and oral presentations
• Collaborate with Loan Administration on loan documentation for approved and renewed credits
• Participate in client outreach and joint calls as a secondary contact
• Respond to prospect and customer credit questions and make independent credit calls within assigned authority

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level