CRE Sr Underwriter - Data Center Team Lead

Commercial Real Estate Senior UnderwriterThe 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 work flow among underwriting, credit approval and loan administration.Underwriting & Credit AnalysisUnderwrite 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 conditionsPrepare clear, comprehensive written credit analyses and supporting documentationExecute straightforward credit requests for existing clients with limited supervisionAssist with annual company-wide credit reviews for clients with multiple property holdings, including analysis beyond bank-financed propertiesSpecialized Data Center focus:Underwrite credit opportunities for existing hyperscale and colocation data centers and construction/build-to-suit turnkey and powered shell facilities.Analyze data center lease structures, credit drivers, construction, technical complexities, and resiliency metricsTransaction & Deal SupportSupport both existing property transactions (including refinancings) and ground-up construction projects, including budget monitoring and monthly construction draw reviews through project completionAssist with new deal originations, evaluating opportunities with typical transaction sizes of $50MM–$100MM, with select transactions up to $750MMParticipate in the preparation and negotiation of term sheets, as applicablePortfolio Management & Credit MonitoringSupport Relationship Managers and Portfolio Managers in managing an assigned portfolio of commercial real estate client relationshipsPerform accurate and consistent spreading of borrower financial statements in accordance with bank standards and credit policiesPrepare quarterly trend analyses, monitoring reports, and covenant compliance testingMaintain compliance monitoring and financial reporting databases, including tracking credit agreement requirements, borrower financial receipt, and key credit metricsParticipate in quarterly portfolio reviews, including analysis of operating statements, rent rolls, and risk assessmentsProactively identify and communicate emerging risks, mitigants, and other issues at the transaction and portfolio levelCollaboration & CommunicationCollaborate effectively with Credit Approvers and internal risk partnersParticipate in client bank meetings, as needed, to support underwriting, portfolio management, and risk discussionsServe as a reliable first line of credit analysis, escalating issues appropriatelyBasic QualificationsMaster's degree, or equivalent work experienceTen or more years of commercial lending experiencePreferred Skills & ExperienceStrong foundation in CRE underwriting across multiple property types (cash flow, valuation, sponsor analysis, structure, and covenants). Demonstrated experience underwriting and/or financing data centersExperience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committeesStrong analytical and technical writing skills; able to translate complex sponsor/tenant/technical diligence into clear credit narrativesStrong verbal and written communication skills, with the ability to collaborate across origination, portfolio management, credit risk, and technical advisorsComfort operating with accountability—independently driving analyses while partnering closely with Relationship Managers, Portfolio Managers, and Credit ApproversFamiliarity 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 SuiteExperience with nCino, CoStar, and/or other CRE/data center research platforms preferredLocation expectationsThis role requires working from a U.S. Bank location three (3) or more days per week. This opportunity is limited to the U.S. Bank office locations identified in this posting.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:Healthcare (medical, dental, vision)Basic term and optional term life insuranceShort-term and long-term disabilityPregnancy disability and parental leave401(k) and employer-funded retirement planPaid vacation (from two to five weeks depending on salary grade and tenure)Up to 11 paid holiday opportunitiesAdoption assistanceSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawU.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: $148,495.00 - $174,700.00