Portfolio Manager, AVP - Power & Utilities

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

The Portfolio Manager, AVP - Power & Utilities supports the underwriting, credit monitoring, and portfolio management of new and existing power project finance and utility relationships. This role works across the full transaction lifecycle, from due diligence and credit analysis through closing and ongoing portfolio management, while partnering closely with clients and internal stakeholders. The position plays an important role in maintaining credit quality, supporting client relationships, and ensuring compliance with regulatory and bank requirements.

Key Accountabilities

• Analyze and underwrite new financing opportunities within the power, utilities, and project finance sectors.
• Prepare credit applications, opportunity memos, annual reviews, and loan amendment or modification requests.
• Conduct due diligence by reviewing financial statements, financial models, market studies, engineering reports, project contracts, and legal analyses.
• Monitor portfolio performance, including financial and operating metrics, covenant compliance, risk ratings, and reporting requirements.
• Develop and maintain financial projections and models, including cash flow, debt financing, and tax structure analyses.
• Support transactions from origination through closing, including client onboarding, KYC requirements, documentation review, funding, and closing activities.
• Partner with relationship managers, credit teams, legal partners, and operations teams to support client needs and deliver effective portfolio management.
• Maintain credit files, loan documentation, portfolio tracking metrics, and other records to support sound risk management practices.

Education & Experience

Required

• Bachelor's degree in Business, Finance, Accounting, Economics, or a related discipline, or an equivalent combination of education and experience.
• 3+ years of commercial banking, corporate banking, commercial real estate banking, specialized banking, or credit approval experience.
• 3+ years of experience using Microsoft Office applications, including Outlook, Excel, Word, Access, and PowerPoint.
• Ability to access reliable transportation and lawfully drive, if applicable, by start date.

Preferred

• Power project finance and utility industry experience.
• 2+ years of experience handling complex credits and performing financial analysis.
• 2+ years of sales experience and/or experience interacting directly with clients and business partners.
• 2+ years of formal credit training.
• Chartered Financial Analyst (CFA) designation or progress toward obtaining the designation within 3-5 years.

Why You’ll Love Working Here

Join a collaborative team focused on delivering a high level of service and supporting complex, impactful transactions across the power and utilities sector. You'll gain exposure to specialized project finance opportunities while working closely with experienced professionals across credit, relationship management, legal, and operations functions. Apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

• Retirement savings including both 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
• Personal banking, loan, investment and insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest. Join our community on Facebook , LinkedIn  and X . 

Artificial Intelligence Statement

To support our recruiting process, we may use artificial intelligence ("AI") or automated technologies to collect, organize, sort, and analyze information submitted by applicants. These tools may assist our Talent Acquisition professionals in identifying applicants who appear to satisfy the minimum qualifications for a position.

AI is not used to make employment decisions on behalf of Associated Bank. No applicant will be selected or rejected solely based on the output of an AI tool. Hiring decisions are made by Associated Bank personnel who review applicant information and exercise independent judgment in accordance with applicable law and company policies.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank’s anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact if you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish . Know Your Right to Work English or Spanish .

Associated Bank is Pay Transparency compliant.

The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.

For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.

$95,270.00 - $163,320.00 per year

Summary

• Location: Chicago 525 Monroe
• Type: Full time