Portfolio Manager – Insurance, Institutional Client Group

U.S. Bank • Cincinnati, NY

3d • Hybrid

About The Position

The Portfolio Manager is responsible for managing an assigned portfolio of insurance clients within Institutional Client Group, including life insurance companies, property & casualty insurers, reinsurers, brokers, and other insurance-related organizations. The role partners closely with Relationship Managers and a Senior Credit Underwriter to support new business origination, expand existing client relationships, perform ongoing portfolio management, and deliver high-quality credit analysis across a diverse set of insurance relationships. This position offers exposure to complex insurance transactions and provides opportunities to develop expertise in underwriting, portfolio management, credit analysis, and client relationship management within a specialized industry vertical. Successful candidates will gain experience supporting both existing client relationships and new business opportunities while working closely with senior banking professionals across the organization.

Requirements

• Bachelor's degree, or equivalent work experience.
• Eight or more years of relevant experience.

Nice To Haves

• Extensive knowledge of commercial and corporate lending, credit standards, policies, procedures, and products.
• Strong relationship management and business development skills.
• Strong analytical and problem-solving skills.
• Excellent presentation, verbal, and written communication skills.
• Experience analyzing corporate or institutional credit exposures.
• Strong financial statement analysis and credit underwriting skills.
• Knowledge of or interest in developing expertise within the insurance industry.
• Ability to evaluate financial performance, industry dynamics, and complex credit structures.
• Ability to manage multiple priorities and work effectively in a team environment.
• Demonstrated intellectual curiosity, critical thinking, and a willingness to take on increasing responsibility.

Responsibilities

• Analyze and underwrite new and existing credit relationships within the insurance sector.
• Manage an assigned portfolio of insurance client relationships and related credit exposures.
• Prepare credit approval memoranda, annual reviews, renewals, amendments, and portfolio monitoring deliverables.
• Evaluate borrower performance, industry trends, capital structures, and key credit risks while making independent credit recommendations.
• Monitor covenant compliance and ongoing portfolio performance.
• Support new business origination through financial analysis, due diligence, and transaction evaluation.
• Partner with Relationship Managers on client and prospect opportunities, including participation in client meetings, industry conferences, and relationship strategy discussions.
• Develop an understanding of credit structures, credit documentation, and risk mitigation techniques across a variety of insurance-related transactions.
• Build expertise across insurance subsectors, including life insurance, property & casualty insurance, reinsurance, brokerage, and specialty insurance.
• Partner closely with Relationship Managers, Credit Risk Managers, Loan Capital Markets, Derivatives, and other stakeholders to support client coverage, evaluate credit opportunities, and deliver effective risk management solutions.
• Contribute to portfolio strategy, business development initiatives, and ongoing process improvement efforts.

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: Senior