Commercial Real Estate Senior 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 Portfolio Manager is responsible for underwriting and ongoing portfolio management across multiple Commercial Real Estate (CRE) portfolios, including Middle Market CRE, Commercial Mortgage Division (CMD), Wealth Management Investment Real Estate (WIRED), and Institutional Client Group CRE (ICG CRE). This role manages portfolio risk by ensuring the timeliness and accuracy of credit actions, providing guidance on credit structure and risk rating decisions, and promoting consistency, quality, and efficiency across credit documentation and workflows.

The Portfolio Manager partners closely with business lines, underwriting teams, Credit, Loan Administration, and other internal stakeholders. The role includes oversight of underwriting teams supporting both new business and portfolio management activities, coordination of portfolio management processes, and leadership in remediation efforts related to audit or loan review findings. This position is hybrid, based in one of the company's hub locations, with minimal travel required.

Key Responsibilities

Portfolio Management & Risk Oversight

• Manage and oversee multiple CRE portfolios across Middle Market CRE, CMD, WIRED, and ICG CRE platforms.
• Ensure timely and accurate execution of credit actions, including renewals, modifications, and new deals.
• Provide guidance on credit structures, risk ratings, and portfolio risk management decisions.
• Monitor portfolio performance and ensure adherence to internal credit policies and standards.

Underwriting & Team Oversight

• Oversee underwriting teams supporting new originations and ongoing portfolio management.
• Review credit work products for quality, accuracy, and conciseness.
• Provide guidance, feedback, and training to promote consistent underwriting practices across portfolios.
• Ensure deadlines are met and workflow is effectively coordinated across teams.

Process Coordination & Workflow Management

• Coordinate portfolio management meetings, workflow calls, and portfolio tracking activities.
• Partner with business lines, Credit, Loan Administration, and other internal groups to streamline processes and improve efficiency.
• Promote best practices and consistent application of credit standards across portfolios.

Issue Remediation & Policy Support

• Lead or coordinate remediation efforts related to audit findings or internal loan review issues.
• Support development of guidance materials, training, and potential credit policy updates as needed.
• Ensure timely resolution of identified issues and appropriate documentation of corrective actions.

Projects, Reporting & Continuous Improvement

• Participate in or lead portfolio‑related projects, including best‑practice initiatives and workflow enhancements.
• Support ad hoc reporting needs, including tracking loan maturities, modifications, and portfolio metrics.
• Leverage data and portfolio insights to support broader portfolio management initiatives and continuous improvement efforts.

Basic Qualifications

• Master's degree, or equivalent work experience
• Ten or more years of commercial lending experience

Preferred Qualifications

• Experience in commercial real estate underwriting and portfolio management.
• Strong understanding of credit risk management, loan structures, and portfolio monitoring.
• Strong leadership ability and prior experience mentoring and coordinating the work of others.
• Project management skills and experience working on cross‑functional initiatives desired.
• Ability to review and interpret large data sets and apply insights across portfolios
• Well-developed written communication and verbal presentation skills
• Proficiency with Microsoft Office tools, including Teams and Outlook; advanced Excel skills preferred
• Experience using nCino for loan origination, credit, or portfolio management
• Familiarity with CoStar for commercial real estate research, market analysis, and property data

Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

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 regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $133,365.00 - $156,900.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.