Credit Portfolio Manager - Insurance Premium Finance

Job Title

U.S. Bank is searching for an experienced credit professional to join our dedicated Insurance Premium Finance (IPF) Credit Portfolio Management team.

Job Description

The Credit Portfolio Manager partners with Relationship Managers to successfully manage and grow IPF credit relationships. This includes partnering with internal and external clients to support retaining and expanding relationships with existing customers and supporting growth opportunities that align with the business strategy. Primary responsibilities include:

• Fulfill underwriting requirements while providing accurate, timely and conclusive credit memos
• Perform due diligence on prospective borrowers and new opportunities and assist in preparing the initial reviews
• Coordinates work with Credit Risk Management and other groups, promoting consistent quality and conciseness of credit documents and streamlining work flow among underwriting, credit approval and Credit Risk Management
• Participates and contributes in credit approval discussions
• Participates in joint client calls with relationship managers, clients and advisors

Performs timely covenant compliance and collateral valuation updates

Assists relationship managers in working with internal and external legal counsel reviewing and ensuring accuracy of credit agreements

Assists relationship managers in loan structuring to win without undue risk to Bank

Understand and comply with all U.S. Bank Credit Policies and Procedures

Basic Qualifications

Bachelor's degree, or equivalent work experience

Three to five years of relevant experience

Preferred Skills/Experience

Thorough credit underwriting knowledge with experience in complex individual underwriting

Thorough understanding of credit standards, policies, procedures, government agency compliance (Reg B, H, O, etc.)

IPF product experience preferred but not required

Strong analytical and problem-solving skills

Well-developed written communication and verbal presentation skills

Ability to work effectively with individuals and groups across the company to manage customer relationships

Has aptitude to work on several time sensitive deals, projects and tasks at one time in a fast paced environment

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

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: $92,820.00 - $109,200.00

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.