Senior Portfolio Manager – Asset Based Lending

U.S. Bank • Chicago, IL

1d • Onsite

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 Senior Asset Based Lending Portfolio Manager (ABL) partners closely with Relationship Managers and Business Development Officers to manage a complex portfolio of Asset Based Lending credit relationships. This role supports revenue growth by deepening existing customer relationships, assisting with new business opportunities, and ensuring strong credit execution and risk management. The Senior ABL Portfolio Manager also plays a leadership role by supporting special projects, providing training across the ABL platform, and assisting other portfolio teams during periods of high volume or time constraints. Customers supported by this role range from $25MM to multi‑billion‑dollar revenue companies, with frequent direct interaction with borrowers, financial sponsors, and agents from other banking institutions.

Requirements

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

Nice To Haves

• Five 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
• Experience supporting special projects, training initiatives, and cross-team collaboration
• Strong flexibility, teamwork, and time-management skills in a dynamic environment
• Proficiency in Microsoft Office Suite
• Experience with nCino is a plus

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.
• Provide support to other ABL portfolio teams during peak workloads or time‑sensitive situations.
• Provide training and knowledge‑sharing support across the ABL platform, contributing to consistent best practices and development of the broader PM group.
• Lead or contribute to special projects that enhance portfolio management practices, processes, or team effectiveness.
• Serve as a flexible resource to assist other teams and initiatives as business needs evolve.

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