Commercial Real Estate (CRE) 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

The Commercial Real Estate (CRE) Portfolio Manager 3 partners with assigned Relationship Managers to manage and grow a middle‑market commercial real estate loan portfolio primarily across the western U.S., including California. This role is responsible for underwriting credit exposure, managing portfolio risk, supporting new business opportunities, and maintaining strong client relationships through the full credit lifecycle. The position supports both new and existing relationships and collaborates closely with Credit, Loan Administration, and other internal partners.

Key Responsibilities

• Underwrite and manage all types of commercial real estate credit exposure for an assigned middle‑market portfolio

• Partner with Relationship Managers to support new business development, retain existing relationships, and expand customer relationships as directed by senior management

• Collect borrower financial statements and coordinate spreading with internal credit support teams

• Monitor loan covenants and perform quarterly trend analysis for 15–20 loans, as well as annual reviews for all loans in the portfolio

• Manage active construction loans, including monthly monitoring and project updates

• Assist with new money requests, including pre‑flight vetting, market analysis, and credit structuring discussions

• Prepare clear, concise written credit analyses and present recommendations to credit approval partners through written and oral presentations

• Collaborate with Loan Administration on loan documentation for approved and renewed credits

• Participate in client outreach and joint calls as a secondary contact

• Respond to prospect and customer credit questions and make independent credit calls within assigned authority

Basic Qualifications

• Bachelor’s degree or equivalent work experience

• Five to seven years of commercial banking experience

Preferred Skills and Experience

• Commercial real estate lending or underwriting experience (preferred, not required)

• Strong knowledge of commercial lending policy, credit quality standards, and applicable laws and regulations

• Solid understanding of credit products and portfolio risk management

• Strong analytical and problem‑solving skills

• Ability to work effectively across teams to manage customer relationships

• Well‑developed written communication and verbal presentation skills

• Using Microsoft Excel, nCino, and Copilot software; strong typing and MS Office skills are preferred.

• Proficiency with Microsoft Excel and MS Office

Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

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: $98,175.00 - $115,500.00

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.