Division Credit Manager - Commercial Mortgage Division

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

U.S. Banks Commercial Mortgage Division has an exciting new opportunity for a Division Credit Manager.  This person will be responsible for leading all credit risk management activities for Commercial Mortgage Division (“CMD”). CMD is a small balance term lending program, specializing in loans secured by stabilized multifamily properties in strong markets. 

Major Responsibilities: 
•    Credit Framework & Strategy. Establish and maintain a credit risk appetite framework for underwriting and portfolio management that drives growth while prioritizing risk-adjusted returns.
•    Underwriting Oversight. Oversee all aspects of credit, underwriting, and workflow for new lending activity, including initial opportunity assessments, pre-flight discussions, and final approvals.    
•    Team Leadership. Lead the CMD Underwriting Department, including , staffing, training & development, performance evaluations, promotions, and hiring. 
•    Sales Partnership. Collaborate with CMD Sales Manages and Loan Officers on market positioning, credit appetite, and day-to-day loan origination workflow. 
•    Policy & Process Development. Collaborate with CMD stakeholders on policy, procedure, and tool development, including job aids, scorecards, and credit underwriting tools impacting CMD and the greater CRE group.    
•    Risk Collaboration. Work closely with Credit Risk Management on loan approvals, portfolio management, and adherence and refinement of credit policies and procedures.   
•    Portfolio Risk Management. Support the CMD IAR Manager and Asset Management Team in portfolio reviews and emerging risk identification within the portfolio. 
•    Stakeholder Engagement. Engage with internal and external stakeholders, including regulators, auditors, and third-party risk managers (e.g., appraisal, environmental, seismic, credit investigations).
•    Strategic Initiative Support. Contribute to the successful execution of enterprise-wide initiatives and special projects affecting CMD and/or CRE.  

Basic Qualifications 
- Bachelor's degree, or equivalent work experience 
- Eight or more years of banking experience 
- Three or more years of management experience 

Preferred Skills/Experience 
- CRE Expertise. Extensive knowledge of commercial real estate lending policy, all applicable laws and regulations, credit quality standards, and company and business line policies and procedures 
- Credit Acumen. Extensive knowledge of credit products 
- Leadership. Well-developed leadership abilities and strategic management skills 
- Analytical Skills. Strong analytical, decision-making and problem-solving skills 
- Communication. Effective verbal and written communication skills 
- Professionalism. High level of tact and diplomacy 
 

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 (some may vary based on role, location or hours):

• 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