Commercial Real Estate Portfolio Manager
$111.61k - $131.3kU.S. Bancorp
Commercial Real Estate Senior Underwriter
The Commercial Real Estate Senior Underwriter manages portfolio risk by ensuring timeliness and accuracy of all credit actions, by providing guidance on credit structure and risk rating decisions and by participating in pre-flight discussions. Coordinates work with Credit, Loan Administration and other groups, promoting consistent quality and conciseness of credit documents and streamlining workflow among underwriting, credit approval and loan administration.
Underwriting & Credit Analysis
- Underwrite new originations and portfolio exposures for 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, including analysis beyond bank-financed properties
Transaction & Deal Support
- Support both existing property transactions (including refinancings) and ground-up construction projects, including budget monitoring and monthly construction draw reviews through project completion
- Assist with new deal originations, evaluating opportunities with typical transaction sizes of $50MM$100MM, with select transactions up to $750MM
- Participate in the preparation and negotiation of term sheets, as applicable
Portfolio Management & Credit Monitoring
- 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
Collaboration & Communication
- Collaborate effectively with Credit Approvers and internal risk partners
- Participate in client bank meetings, as needed, to support underwriting, portfolio management, and risk discussions
- Serve as a reliable first line of credit analysis, escalating issues appropriately
Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Five 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 accountabilityindependently 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, CoStar, and/or other CRE platforms preferred
Location expectations
This role requires working from a U.S. Bank location three (3) or more days per week. This position is located in Charlotte, NC, and New York, NY.
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
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.
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: $111,605.00 - $131,300.00
U.S. Bancorp$750 per month
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