Commercial Real Estate Senior Portfolio Manager

U.S. Bank•Minneapolis, MN

5d•Hybrid

About The Position

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.

Requirements

Bachelor's degree, or equivalent work experience
Seven to ten years of commercial lending experience
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.

Nice To Haves

Commercial Real Estate underwriting experience preferred
ARGUS and Salesforce experience preferred.

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.

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

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