Commercial Real Estate Portfolio Manager

Job Summary The Commercial Real Estate (CRE) Senior Underwriter manages portfolio risk by ensuring the timeliness and accuracy of all credit actions, providing guidance on credit structure and risk rating decisions, and participating in pre‑flight discussions. The role coordinates with Credit, Loan Administration, and other groups to promote consistent quality of credit documents and streamline workflow among underwriting, credit approval, and loan administration. Key Responsibilities Underwrite new originations and portfolio exposures across a broad range of CRE asset classes. Analyze borrower financials, property cash flows, collateral valuation, sponsor strength, covenant sensitivities, and market conditions. Prepare clear, comprehensive written credit analyses and supporting documentation. Execute straightforward credit requests for existing clients with limited supervision. Assist with annual company‑wide credit reviews for clients with multiple property holdings. Support both existing property transactions (including refinancings) and ground‑up construction projects, including budget monitoring and monthly construction draw reviews through project completion. Evaluate opportunities with typical transaction sizes of $50MM–$100MM, and select transactions up to $750MM. Participate in the preparation and negotiation of term sheets, as applicable. Support relationship managers and portfolio managers in managing an assigned portfolio of commercial real estate client relationships. Perform accurate and consistent spreading of borrower financial statements in accordance with bank standards and credit policies. Prepare quarterly trend analyses, monitoring reports, and covenant compliance testing. Maintain compliance monitoring and financial reporting databases, including tracking credit agreement requirements, borrower financial receipt, and key credit metrics. Participate in quarterly portfolio reviews, including analysis of operating statements, rent rolls, and risk assessments. Proactively identify and communicate emerging risks, mitigants, and other issues at the transaction and portfolio level. Collaborate effectively with credit approvers and internal risk partners; participate in client bank meetings as needed. Serve as a reliable first line of credit analysis, escalating issues appropriately. Basic Qualifications Master's degree, or equivalent work experience. Ten or more years of commercial lending experience. Preferred Skills & Experience Strong foundation in CRE underwriting across multiple property types (cash flow, valuation, sponsor analysis, structure, and covenants). Experience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committees. Strong analytical and technical writing skills; able to translate complex sponsor/tenant/technical diligence into clear credit narratives. Strong verbal and written communication skills, with the ability to collaborate across origination, portfolio management, credit risk, and technical advisors. Comfort operating with accountability—independently driving analyses while partnering closely with relationship managers, portfolio managers, and credit approvers. Familiarity with banking credit policy, loan documentation concepts, and CRE underwriting processes (construction, bridge, term, and portfolio facilities). Advanced proficiency in Microsoft Excel (cash flow modeling and scenario analysis) and the broader Microsoft Office Suite. Experience with nCino and CoStar preferred. Location This role requires working from a U.S. Bank location three (3) or more days per week. The position is located in Charlotte, NC or Atlanta, GA. Benefits Health care (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 (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 hours, up to 80 hours per calendar year unless otherwise provided by law Salary Range $126,820.00 - $149,200.00 (based on the primary location; actual range may differ for other locations). Equal Employment Opportunity 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. U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program. Background Checks U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act, and the San Francisco Fair Chance Ordinance. Additional requirements may apply as mandated by federal regulations. #J-18808-Ljbffr