Portfolio Manager - Data Centers

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.

Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process. Associated Bank conducts a thorough background check on all new hires.

The Portfolio Manager - Data Centers supports the underwriting, credit monitoring, and portfolio management of new and existing project finance relationships within the data center sector. This role partners closely with relationship managers, credit professionals, and other internal stakeholders to evaluate opportunities, manage portfolio risk, and support transactions from diligence through closing. The position plays a key role in delivering sound credit decisions and maintaining a high-quality portfolio.

Key Accountabilities

• Analyze financial statements, operating performance, and project information to evaluate credit opportunities and support lending decisions.
• Underwrite new transactions by conducting due diligence, preparing credit packages, and assisting with transaction execution and closing activities.
• Monitor and manage an existing portfolio of client relationships, including annual reviews, amendments, covenant compliance, and risk rating assessments.
• Review and summarize market studies, engineering reports, financial models, legal documentation, and other diligence materials to support investment and credit recommendations.
• Partner with relationship managers and internal business partners to deliver a seamless client experience and address credit-related matters.
• Develop and maintain financial models, including cash flow forecasting, debt financing structures, and transaction analyses.
• Support client onboarding activities, including Know Your Customer (KYC) requirements, documentation management, and portfolio reporting.
• Assist in preparing presentations and recommendations for the loan approval process while helping ensure compliance with credit policy and regulatory guidelines.

Education & Experience

Required

• Bachelor's degree in Business, Finance, Accounting, Economics, or a related field, or an equivalent combination of education and experience.
• 3+ years of Commercial Banking, Corporate Banking, Commercial Real Estate Banking, Specialized Banking, and/or Credit Approval experience.
• 3+ years of experience using Microsoft Office applications, including Excel, Word, Outlook, Access, and PowerPoint.
• Ability to maintain access to reliable transportation and lawfully drive, if applicable.

Preferred

• Experience in power project finance and utility-related lending.
• 2+ years of experience handling complex credits and performing advanced financial analysis.
• 2+ years of client-facing, sales, or partner relationship experience.
• 2+ years of formal credit training.
• Chartered Financial Analyst (CFA) designation or progress toward obtaining the designation.

Why You’ll Love Working Here

You'll have the opportunity to work on sophisticated project finance transactions while building expertise in a specialized and growing sector. This role offers meaningful exposure to underwriting, portfolio management, financial modeling, and cross-functional collaboration with experienced banking and credit professionals.

Apply today to make an impact.

We welcome and encourage applications from all qualified parties, including but not limited to people returning to the workforce, people with disabilities, those without a college degree, and veterans or those with military experience.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

• Retirement savings including both 401(k) and Pension plans.
• Paid time off to volunteer in your community.
• Opportunities to connect with others through our diversity-focused Colleague Resource Groups.
• Competitive salaries with professional development and advancement opportunities.
• Bonus benefits including well-being programs and incentives, parental leave, an employee stock purchase plan, military benefits and much more.
• Personal banking, loan, investment and insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois, Minnesota, and Missouri and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest. Join our community on Facebook , LinkedIn  and X . 

Artificial Intelligence Statement

To support our recruiting process, we may use artificial intelligence ("AI") or automated technologies to collect, organize, sort, and analyze information submitted by applicants. These tools may assist our Talent Acquisition professionals in identifying applicants who appear to satisfy the minimum qualifications for a position.

AI is not used to make employment decisions on behalf of Associated Bank. No applicant will be selected or rejected solely based on the output of an AI tool. Hiring decisions are made by Associated Bank personnel who review applicant information and exercise independent judgment in accordance with applicable law and company policies.

Compliance Statement

Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.

Responsible to report ethical concerns as needed to Associated Bank’s anonymous Ethics Hotline.

Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact if you need an accommodation at any time during the process.

Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish . Know Your Right to Work English or Spanish .

Associated Bank is Pay Transparency compliant.

The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.

For certain positions, total compensation may also include incentive, commission, or bonus opportunities not reflected in the posted base pay range.

$95,270.00 - $163,320.00 per year

Summary

• Location: Chicago 525 Monroe
• Type: Full time