Portfolio Manager - Asset-Based Finance

U.S. Bank • Chicago, IL

19d • 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 The ABL Portfolio Manager partners closely with Relationship Managers and Business Development Officers to effectively manage a portfolio of ABL credit relationships. The role supports revenue growth by deepening existing customer relationships and collaborating with Underwriting to close new business opportunities. ABL Portfolio Manager responsibilities include: Portfolio & Risk Management - Manage an assigned portfolio of ABL credits, including direct/agented facilities and purchased participations. - Monitor and manage credit risk across all assigned customer relationships. - Ensure full adherence to bank policies and procedures, regulatory requirements, and compliance standards. Customer Support & Credit Execution - Respond promptly to customer credit requests. - Underwrite ancillary credit exposure to support customer needs. - Assist the Underwriting team with new business transactions, as needed. Customer Relationship Development - Conduct regular customer meetings to deepen relationships and identify cross sell or expansion opportunities. - Serve as a key point of contact for credit related discussions and problem resolution. Internal Communication & Collaboration - Escalate credit concerns clearly and efficiently to senior management. - Review, negotiate, and coordinate legal documentation with customers, counsel, and internal partners. - Partner with operations, field examination, appraisal, and compliance teams to ensure accurate reporting and loan monitoring. Leadership & Team Development - Mentor and provide training support to junior team members, contributing to the development of the broader ABL team.

Requirements

• Bachelor's degree, or equivalent work experience
• Six to eight years of relevant experience

Nice To Haves

• Three or more years of ABL portfolio management experience
• Strong relationship management and business development skills
• Strong analytical and problem-solving skills
• Excellent presentation, verbal and written communication skills
• Ability to work effectively in a fast-paced, team-oriented environment

Responsibilities

• Manage an assigned portfolio of ABL credits, including direct/agented facilities and purchased participations.
• Monitor and manage credit risk across all assigned customer relationships.
• Ensure full adherence to bank policies and procedures, regulatory requirements, and compliance standards.
• Respond promptly to customer credit requests.
• Underwrite ancillary credit exposure to support customer needs.
• Assist the Underwriting team with new business transactions, as needed.
• Conduct regular customer meetings to deepen relationships and identify cross sell or expansion opportunities.
• Serve as a key point of contact for credit related discussions and problem resolution.
• Escalate credit concerns clearly and efficiently to senior management.
• Review, negotiate, and coordinate legal documentation with customers, counsel, and internal partners.
• Partner with operations, field examination, appraisal, and compliance teams to ensure accurate reporting and loan monitoring.
• Mentor and provide training support to junior team members, contributing to the development of the broader ABL team.

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