Commercial Real Estate Credit Analyst – Project Lending

U.S. Bank • Minneapolis, MN

3d • $92,820 - $109,200 • Hybrid

About The Position

We are seeking a highly motivated Commercial Real Estate (CRE) Credit Analyst to join our Project Lending team. This role supports a national Commercial Real Estate platform focused on large, complex transactions, typically $30MM+ in size. The Analyst will play a key role in both portfolio management and new loan underwriting, gaining exposure to a diverse portfolio of asset types including industrial, multifamily, retail, student housing, and construction lending. This is an excellent opportunity to build deep expertise in real estate finance while working alongside experienced banking and credit professionals. The team operates as a centralized CRE group, partnering with bankers across multiple regions, including Minneapolis, Chicago, Ohio, St. Louis, Denver, and Texas. While regionally aligned, the portfolio has national coverage, providing broad exposure to transactions across the U.S. This is a collaborative, team-oriented environment with approximately 10 local team members and additional partners across the national platform.

Requirements

• Bachelor's degree, or equivalent work experience
• Three to five years of experience in a finance/analytical related role

Nice To Haves

• Experience in commercial banking or credit analysis
• CRE underwriting or commercial real estate lending experience
• Strong proficiency in Microsoft Excel and general Office tools (Word, Outlook)
• Demonstrated ability to perform financial analysis and independently assess transactions
• Strong business writing skills (e.g., credit memos, deal summaries)
• Effective verbal communication and presentation skills
• Ability to manage multiple priorities in a fast-paced, deadline-driven environment
• Strong organizational and prioritization skills
• Interest in commercial real estate lending
• Familiarity with Salesforce, nCino, or similar systems
• Experience presenting in group or credit forum settings

Responsibilities

• Monitor ongoing loan performance and borrower relationships
• Conduct quarterly project evaluations
• Support portfolio reviews and credit discussions
• Partner with internal teams, including dedicated analytics and support functions
• Evaluate new lending opportunities and support deal execution
• Perform financial analysis and credit underwriting, including: Spreading financial statements, Assessing deal structure, risks, and key strengths
• Complete initial deal assessments independently and refine analysis with senior team members
• Conduct first-pass transaction reviews, identifying risks, strengths, and key considerations
• Contribute to credit memos and business writing
• Participate in credit discussions and present findings to internal stakeholders

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