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
This role has multiple levels, open to candidates with a minimum of 2 years of relevant experience at a financial institution or large corporation. The successful candidate will be hired for the level of the position that aligns with their experience.
U.S. Bank’s Subscription Finance (“SF”) team provides financing to private equity funds through structured credit facilities secured by the capital commitments of the funds’ limited partners (investors). The SF team is seeking experienced credit analysts or junior portfolio managers to join our portfolio management and underwriting team covering subscription lines for Commercial Real Estate (“CRE”)-focused investment funds. The positions are available in either Charlotte, NC or New York, NY.
Primary responsibilities will include:
Supporting senior Portfolio Managers and partnering with Relationship Managers to successfully manage and grow a portfolio of subscription lines and related institutional CRE customer relationships, specializing in underwriting CRE private equity funds and their underlying investors
Applying credit policy to structure borrowing bases and underwrite a diverse range of investor types, including pension funds, endowments, foundations, insurance companies, sovereign wealth funds, other institutional investors, and high-net-worth investors
Preparing comprehensive written and financial analyses, determining appropriate risk ratings and preparing and presenting requests for credit approval, including completing required loan booking system (nCino) fields and tasks
Performing ongoing monitoring and analyses for an assigned loan portfolio, including verifying compliance with financial/covenant reporting requirements and conducting high-level CRE fund underwriting analyses to identify any potential strengths or weaknesses in the funds’ underlying investment portfolios
Contributing to the team’s overall portfolio & risk management activities, including maintaining relevant data elements in SF’s collateral management application and related portfolio management databases in support of internal reporting and portfolio surveillance
Supporting SF’s commitment to risk management and operational efficiency by championing continuous improvement in the policies, procedures, and tools employed by the business
In furtherance of the foregoing responsibilities, partnering with members of the CRE Relationship Management team, CRE Loan Administration, Credit Risk Management, and other product stakeholders
Basic Qualifications
Bachelor’s degree, or equivalent work experience
2+ years of relevant experience at a financial institution or large corporation
Preferred Skills/Experience
A working knowledge of subscription finance and/or CRE market practices and underwriting considerations is preferred
Strong proficiency in Microsoft Office (Word, Excel, Outlook and PowerPoint), with an emphasis on Excel
Strong proficiency in nCino
Excellent verbal and written communication skills, along with the ability to effectively partner with internal product and coverage groups
Strong technical and analytical skills, including underwriting and financial statement analysis
Experience with credit policies and procedures
Effective organizational, multi-tasking, and prioritizing skills
Strong work ethic and attention to detail
Ability to work effectively, as well as independently, in a team environment
Outstanding problem-solving skills with the ability to recommend and implement process and efficiency improvements
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
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: $117,725.00 - $138,500.00 - $152,350.00
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.
U.S. Bank accepts applications for this position on an ongoing basis.
