Subscription Finance Portfolio Manager

We are seeking an experienced Vice President–level Underwriter / Portfolio Manager to join our Portfolio Management and Underwriting team. This role sits at the center of a highly visible, fast‑scaling business and offers direct exposure to top‑tier private equity sponsors, complex fund structures, and global investor bases. The successful candidate will play a critical role in underwriting new transactions, managing a growing portfolio, partnering with originations and relationship management, and helping shape the continued evolution of U.S. Bank’s fund finance platform within a technology‑forward operating model.

Primary Responsibilities

• Lead and partner with Subscription Finance Originations and Relationship Managers to underwrite, manage, and grow a diversified portfolio of subscription credit facilities and institutional sponsor relationships.
• Underwrite private investment funds across multiple strategies, including buyout, growth equity, secondaries, private credit, real assets, and real estate.
• Evaluate fund structures, legal documentation, and investor bases to determine credit quality, advance rates, and borrowing base composition.
• Analyze a broad range of investor types, including pension funds, endowments, foundations, insurance companies, sovereign wealth funds, feeder vehicles, and high‑net‑worth investors.
• Prepare comprehensive written credit memoranda and financial analyses, assign risk ratings, and present transactions to senior management and credit committees.
• Structure and approve new facilities, amendments, extensions, and waivers in accordance with internal credit policy and risk appetite.
• Ensure accurate and timely completion of loan booking, credit approval, and ongoing monitoring requirements within nCino and related systems.
• Proactively monitor portfolio performance, identify emerging risks, and recommend mitigants or structural enhancements as appropriate.
• Contribute to strategic initiatives focused on process improvement, portfolio optimization, data quality, and scalability.
• Maintain strong internal and external stakeholder relationships through clear communication and commercially focused problem‑solving.
• Mentor junior team members and support talent development across the group.
• Represent the underwriting and portfolio management function in cross‑functional forums with Legal, Risk, Operations, and senior leadership.
 

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

Preferred Skills/Experience
- Extensive knowledge of commercial/corporate lending and credit standards, policies, procedures and products

- Experience in subscription finance and/or underwriting structured credit facilities for private equity clients.

- Familiarity with investor types and their risk profiles.

- Ability to execute transactions under tight timelines.

- Strong technical and analytical skills, including financial statement analysis and risk assessment.

- Ability to work independently and as part of a team.
- Strong relationship management and business development skills
- Strong analytical and problem-solving skills
- Excellent presentation, verbal and written communication skills
- Strong proficiency in Microsoft Office Suite with an emphasis on Excel.
- Proficiency in credit systems such as nCino and other loan booking platforms