U.S. Bank

CRE Sr Underwriter - Data Center Team Lead

U.S. Bank • $148K — $174K *
Denver, CO 80219In-Person
Finance & Insurance
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's degree or equivalent work experience
  • 10+ years of commercial lending experience
  • Strong foundation in CRE underwriting across multiple property types
  • Experience in underwriting and financing data centers
  • Strong analytical and technical writing skills
  • Proficient in Microsoft Excel and Microsoft Office
  • Familiar with banking credit policy and loan documentation concepts

Responsibilities

  • Underwrite new originations and portfolio exposures for various CRE asset classes
  • Analyze borrower financials, property cash flows, and market conditions
  • Prepare credit analyses and supporting documentation
  • Support existing property transactions and new deal originations
  • Manage an assigned portfolio of commercial real estate client relationships
  • Monitor compliance and perform financial statement spreading
  • Communicate emerging risks and issues proactively

Benefits

  • Healthcare (medical, dental, and vision)
  • Life insurance options
  • Short-term and long-term disability coverage
  • Pregnancy disability and parental leave
  • 401(k) with employer match
  • Paid vacation ranging from two to five weeks
  • Up to 11 paid holidays annually
  • Adoption assistance
  • Sick and Safe Leave accrual up to 80 hours per year
Full Job Description
Job Description

The Commercial Real Estate Senior Underwriter manages portfolio risk by ensuring timeliness and accuracy of all credit actions, by providing guidance on credit structure and risk rating decisions and by participating in pre-flight discussions. Coordinates work with Credit, Loan Administration and other groups, promoting consistent quality and conciseness of credit documents and streamlining work flow among underwriting, credit approval and loan administration.

Underwriting & Credit Analysis
  • Underwrite new originations and portfolio exposures for a broad range of CRE asset classes.
  • Analyze borrower financials, property cash flows, collateral valuation, sponsor strength, covenant sensitivities, and market conditions
  • Prepare clear, comprehensive written credit analyses and supporting documentation
  • Execute straightforward credit requests for existing clients with limited supervision
  • Assist with annual company-wide credit reviews for clients with multiple property holdings, including analysis beyond bank-financed properties
  • Specialized Data Center focus:
    • Underwrite credit opportunities for existing hyperscale and colocation data centers and construction/ build-to-suit turnkey and powered shell facilities.
    • Analyze data center lease structures, credit drivers, construction, technical complexities, and resiliency metrics


Transaction & Deal Support
  • Support both existing property transactions (including refinancings) and ground-up construction projects, including budget monitoring and monthly construction draw reviews through project completion
  • Assist with new deal originations, evaluating opportunities with typical transaction sizes of $50MM-$100MM, with select transactions up to $750MM
  • Participate in the preparation and negotiation of term sheets, as applicable


Portfolio Management & Credit Monitoring
  • Support Relationship Managers and Portfolio Managers in managing an assigned portfolio of commercial real estate client relationships
  • Perform accurate and consistent spreading of borrower financial statements in accordance with bank standards and credit policies
  • Prepare quarterly trend analyses, monitoring reports, and covenant compliance testing
  • Maintain compliance monitoring and financial reporting databases, including tracking credit agreement requirements, borrower financial receipt, and key credit metrics
  • Participate in quarterly portfolio reviews, including analysis of operating statements, rent rolls, and risk assessments
  • Proactively identify and communicate emerging risks, mitigants, and other issues at the transaction and portfolio level


Collaboration & Communication
  • Collaborate effectively with Credit Approvers and internal risk partners
  • Participate in client bank meetings, as needed, to support underwriting, portfolio management, and risk discussions
  • Serve as a reliable first line of credit analysis, escalating issues appropriately


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


Preferred Skills & Experience
  • Strong foundation in CRE underwriting across multiple property types (cash flow, valuation, sponsor analysis, structure, and covenants). Demonstrated experience underwriting and/or financing data centers
  • Experience authoring credit memoranda and presenting key risks, mitigants, and recommendations to approval committees
  • Strong analytical and technical writing skills; able to translate complex sponsor/tenant/technical diligence into clear credit narratives
  • Strong verbal and written communication skills, with the ability to collaborate across origination, portfolio management, credit risk, and technical advisors
  • Comfort operating with accountability-independently driving analyses while partnering closely with Relationship Managers, Portfolio Managers, and Credit Approvers
  • Familiarity with banking credit policy, loan documentation concepts, and CRE underwriting processes (construction, bridge, term, and portfolio facilities)
  • Advanced proficiency in Microsoft Excel (cash flow modeling and scenario analysis) and the broader Microsoft Office Suite
  • Experience with nCino, CoStar, and/or other CRE/data center research platforms preferred


Location expectations

This role requires working from a U.S. Bank location three (3) or more days per week. This opportunity is limited to the U.S. Bank office locations identified in this posting.

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.

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

About U.S. Bank

U.S. Department of the Treasury is a government agency responsible for promoting economic prosperity and ensuring financial security. The department is responsible for a wide range of activities such as advising on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions.

U.S. Bank Careers

Join the dynamic team at U.S. Bank, one of the nation's top banking institutions, where your career journey is as promising as the services we provide to our customers. At U.S. Bank, we are committed to fostering a culture of innovation, leadership, and diversity that is unmatched in the industry.

Explore Job Opportunities and Growth

At U.S. Bank, we offer a variety of job opportunities that cater to a range of skills and professional interests. Whether you are looking for a position in finance, technology, customer service, or management, U.S. Bank is hiring talented individuals who are eager to contribute to our mission and grow with us.

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Choosing a career at U.S. Bank means more than just employment. We offer comprehensive benefits designed to enhance your life and well-being. From health and wellness programs to retirement plans, we ensure our team members are supported both personally and professionally.

Our Commitment to Diversity and Inclusion

Diversity and inclusion are at the core of our values at U.S. Bank. We are dedicated to creating an environment where all employees feel valued and included. Our diversity training programs are part of our commitment to an inclusive workplace, where everyone can thrive.

Leadership and Professional Development

Leadership at U.S. Bank is about more than guiding teams – it's about inspiring them. We invest in leadership training and professional development programs that help our employees become the best in their fields. By fostering a culture of learning and growth, we prepare our team members to take on new challenges and leadership roles.

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Networking at U.S. Bank goes hand in hand with innovation. Our employees are encouraged to connect with colleagues and industry leaders through various networking events and professional groups. This collaborative environment fuels innovation and allows us to stay ahead in a competitive industry.

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Learn more about U.S. Bank
Size
68,796 employees
Market Cap
$66.2 billion
Industry
Finance & Insurance
Net Income
$4.9 billion
5 Year Trend
+0.5%
NASDAQ
USB
* Ladders Estimates

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