Subscription Finance Portfolio Manager

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 U.S. Bank’s Subscription Finance (“SF”) team is a market-leading lender in the rapidly growing fund finance industry, providing tailored financing solutions to the world’s leading private capital sponsors. The team specializes in structuring and underwriting subscription line facilities and related fund‑level credit products secured by the capital commitments of sophisticated institutional limited partners. As the private funds ecosystem continues to expand and evolve, Subscription Finance has become a strategically important product within global banking, sitting at the intersection of structured credit, capital markets, and alternative assets. The platform is also increasingly leveraging data, analytics, and emerging AI‑enabled tools to enhance underwriting quality, portfolio monitoring, and operating efficiency. We are seeking an experienced Vice President–level Underwriter / Portfolio Manager to join our Portfolio Management and Underwriting team. This role sits at the center of a highly visible, fast‑scaling business and offers direct exposure to top‑tier private equity sponsors, complex fund structures, and global investor bases. The successful candidate will play a critical role in underwriting new transactions, managing a growing portfolio, partnering with originations and relationship management, and helping shape the continued evolution of U.S. Bank’s fund finance platform within a technology‑forward operating model. Primary Responsibilities • Lead and partner with Subscription Finance Originations and Relationship Managers to underwrite, manage, and grow a diversified portfolio of subscription credit facilities and institutional sponsor relationships. • Underwrite private investment funds across multiple strategies, including buyout, growth equity, secondaries, private credit, real assets, and real estate. • Evaluate fund structures, legal documentation, and investor bases to determine credit quality, advance rates, and borrowing base composition. • Analyze a broad range of investor types, including pension funds, endowments, foundations, insurance companies, sovereign wealth funds, feeder vehicles, and high‑net‑worth investors. • Prepare comprehensive written credit memoranda and financial analyses, assign risk ratings, and present transactions to senior management and credit committees. • Structure and approve new facilities, amendments, extensions, and waivers in accordance with internal credit policy and risk appetite. • Ensure accurate and timely completion of loan booking, credit approval, and ongoing monitoring requirements within nCino and related systems. • Proactively monitor portfolio performance, identify emerging risks, and recommend mitigants or structural enhancements as appropriate. • Contribute to strategic initiatives focused on process improvement, portfolio optimization, data quality, and scalability. • Maintain strong internal and external stakeholder relationships through clear communication and commercially focused problem‑solving. • Mentor junior team members and support talent development across the group. • Represent the underwriting and portfolio management function in cross‑functional forums with Legal, Risk, Operations, and senior leadership. Basic Qualifications - Bachelor's degree, or equivalent work experience - Eight or more years of relevant experience Preferred Skills/Experience - Extensive knowledge of commercial/corporate lending and credit standards, policies, procedures and products - Experience in subscription finance and/or underwriting structured credit facilities for private equity clients. - Familiarity with investor types and their risk profiles. - Ability to execute transactions under tight timelines. - Strong technical and analytical skills, including financial statement analysis and risk assessment. - Ability to work independently and as part of a team. - Strong relationship management and business development skills - Strong analytical and problem-solving skills - Excellent presentation, verbal and written communication skills - Strong proficiency in Microsoft Office Suite with an emphasis on Excel. - Proficiency in credit systems such as nCino and other loan booking platforms. - Strong work ethic, attention to detail, and organizational skills. The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week. This position is located in Charlotte, NC. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. Benefits: Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following: 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 Review our full benefits available by employment status here. U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law. E-Verify U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program. The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $126,820.00 - $149,200.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants. 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.