Job DescriptionPortfolio Managers (PMs) are responsible for underwriting activities and preparing reports for distressed commercial credit relationships while supporting the Bank's risk management, workout, and loss mitigation objectives. PMs serve as the primary operational and analytical lead partnering closely with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership to develop and execute strategies that maximize recovery, minimize losses, and support risk management. As a senior member of the PM team, PM Managers are often tasked with the most challenging and complicated relationships, while also acting as a manager of a team of PMs with responsibility for staffing, performance management, prioritizing, guidance, and training.
Basic Qualifications
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience
Preferred Skills/Experience
- Experience in commercial banking, loan workouts, or special assets activities
- Advanced understanding of commercial credit structures, loan documentation, collateral, and assignment processes
- Strong leadership and management skills
- Effective written and verbal communication skills
- Proficient computer skills, especially Microsoft Office applications
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong analytical, problem-solving and negotiation skills
This 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: $149,515.00 - $175,900.00
Posting may be closed earlier due to high volume of applicants. 
