Commercial Real Estate (CRE) Portfolio Manager

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The Commercial Real Estate (CRE) Portfolio Manager partners with assigned Relationship Managers to manage and grow a middle‑market commercial real estate loan portfolio primarily across the western U.S., including California. This role is responsible for underwriting credit exposure, managing portfolio risk, supporting new business opportunities, and maintaining strong client relationships through the full credit lifecycle. The position supports both new and existing relationships and collaborates closely with Credit, Loan Administration, and other internal partners.
 

Key Responsibilities

• Underwrite and manage all types of commercial real estate credit exposure for an assigned middle‑market portfolio
• Partner with Relationship Managers to support new business development, retain existing relationships, and expand customer relationships as directed by senior management
• Collect borrower financial statements and coordinate spreading with internal credit support teams
• Monitor loan covenants and perform quarterly trend analysis for 15–20 loans, as well as annual reviews for all loans in the portfolio
• Manage active construction loans, including monthly monitoring and project updates
• Assist with new money requests, including pre‑flight vetting, market analysis, and credit structuring discussions
• Prepare clear, concise written credit analyses and present recommendations to credit approval partners through written and oral presentations
• Collaborate with Loan Administration on loan documentation for approved and renewed credits
• Participate in client outreach and joint calls as a secondary contact
• Respond to prospect and customer credit questions and make independent credit calls within assigned authority
   

Basic Qualifications

• Bachelor’s degree or equivalent work experience
• Five to seven years of commercial banking experience
   

Preferred Skills and Experience

• Commercial real estate lending or underwriting experience (preferred, not required)
• Strong knowledge of commercial lending policy, credit quality standards, and applicable laws and regulations
• Solid understanding of credit products and portfolio risk management
• Strong analytical and problem‑solving skills
• Ability to work effectively across teams to manage customer relationships
• Well‑developed written communication and verbal presentation skills
• Using Microsoft Excel, Encino, and Copilot software; strong typing and MS Office skills are preferred.
• Proficiency with Microsoft Excel and MS Office
• Experience using nCino and Copilot preferred

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: 

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

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without reg