Job DescriptionThe Commercial Real Estate (CRE) Credit Analyst 2 supports the underwriting and portfolio management of commercial real estate relationships, including Real Estate Investment Trusts (REITs), Real Estate Operating Companies (REOCs), and real estate investment funds. Working under the guidance of senior underwriting and portfolio management professionals, this role performs financial analysis, prepares credit-related materials, monitors portfolio performance, and assists with underwriting activities that support sound credit decisions.
The Credit Analyst assists in underwriting activities for new loan requests, renewals, modifications, extensions, annual reviews, and ongoing portfolio monitoring. This position provides exposure to complex commercial real estate transactions while developing credit analysis, financial modeling, and portfolio management skills.
Key ResponsibilitiesCredit Analysis & Underwriting Support- Analyze borrower and guarantor financial statements to evaluate operating performance, repayment capacity, and key credit metrics.
- Assist in preparing written credit analyses and supporting documentation for new loan requests, renewals, modifications, and extensions.
- Support risk rating assessments and transaction structuring analyses.
- Perform underwriting analysis for commercial real estate transactions under the direction of senior underwriting professionals.
- Gather, organize, and validate financial and credit information used in underwriting recommendations.
Portfolio Management Support- Support the ongoing management and monitoring of an assigned portfolio of commercial real estate relationships.
- Assist with quarterly trend analyses, annual reviews, covenant compliance testing, and monitoring activities.
- Track borrower financial reporting requirements and ensure information is received timely.
- Maintain portfolio monitoring tools and compliance tracking databases.
- Escalate potential credit concerns or exceptions to senior team members for review.
Financial Analysis- Complete financial statement spreading and maintain accurate financial reporting systems.
- Analyze borrower performance, liquidity, leverage, cash flow, and debt service capacity.
- Prepare financial models and reports that support underwriting and portfolio management activities.
- Research market, industry, and borrower-specific trends impacting credit quality.
- Maintain covenant monitoring and financial performance tracking tools
Business Partnership- Partner with Relationship Managers, Portfolio Managers, and Underwriters to support customer relationships and transaction execution.
- Collaborate with Credit Risk Management and other partners throughout the underwriting process.
- Participate in internal discussions related to transaction structure, borrower performance, and portfolio monitoring.
- Assist with preparing materials for credit approval and portfolio review discussions.
Day-to-Day Responsibilities- Input, spread, and analyze borrower financial statements.
- Prepare financial models and underwriting support analyses in Excel.
- Assist with quarterly monitoring reports, annual reviews, and trend analyses.
- Conduct covenant compliance testing and financial performance tracking.
- Maintain portfolio monitoring databases and reporting tools.
- Support the preparation of credit approval packages and annual review materials.
- Assist with underwriting activities related to new financing requests, renewals, modifications, and extensions.
Basic qualifications:
Bachelor's degree, or equivalent work experience
More than one year of experience in a finance/analytical related role
Preferred skills/experience:
Background in finance, accounting, economics, commercial banking, or commercial real estate.
Foundational knowledge of financial statement analysis and commercial credit principles.
Ability to analyze financial data and identify key trends and risk indicators.
Effective analytical and technical writing skills.
Strong verbal and written communication skills.
Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Experience working with Microsoft Excel and financial analysis tools.
Familiarity with commercial lending systems such as nCino or similar platforms.
Ability to work independently while appropriately escalating issues and seeking guidance.
Interest in commercial real estate finance and credit underwriting.
Location expectationsThis role requires working from a U.S. Bank location three (3) or more days per week.
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.
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: $86,530.00 - $101,800.00
Posting may be closed earlier due to high volume of applicants. 
