CRE Sr Underwriter - Data Center Team Lead

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

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 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

• Specialized 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 metrics

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 (finance, accounting, economics, real estate, engineering, or related field), or equivalent work experience

• 7+ years of experience in CRE underwriting, credit analysis, portfolio management, real estate investment/finance, or a related analytical role

Preferred Skills & Experience

• Strong foundation in CRE underwriting across multiple property types (cash flow, valuation, sponsor analysis, structure, and covenants).  Demonstrated experience underwriting and/or financing data centers

• Experience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committees

• Strong analytical and tech