Commercial Real Estate - Regional Underwriting Manager

US Bank; Minneapolis (MN); On-site; USD 140,000 - 210,000; Full time

Job summary

U.S. Bank is seeking a Regional Underwriting Manager to lead all Commercial Real Estate underwriting and portfolio management for the Central Region.

The role reports to CRE leadership and oversees hubs in Minneapolis and Denver, delivering timely and high-quality credit analysis and portfolio risk management. You will manage Senior Underwriters and Hub Managers, drive underwriting consistency, and partner with Relationship Managers and Credit teams to balance growth with risk discipline, while

Qualifications

• Bachelor's degree or equivalent work experience.
• 10+ years of banking experience.
• Five or more years of management experience.

Responsibilities

• Lead underwriting and portfolio management activities for the Central Region.
• Establish and execute regional underwriting strategies, priorities and operating objectives.
• Partner with Relationship Managers, Credit partners and CRE leadership to support portfolio growth while maintaining sound credit discipline.
• Serve as the primary escalation point for significant credit, portfolio, operational and staffing matters.
• Drive consistency in underwriting practices, processes and documentation across the region.
• Lead and develop a team of credit analysts and senior underwriters with varying degrees of experience.

Education

Bachelor's degree or equivalent work experience

Job description

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 Regional Underwriting Manager (RUM) leads all Commercial Real Estate underwriting and portfolio management activities across the Central Region. This position is responsible for driving credit quality, underwriting consistency, portfolio oversight, workflow management, talent development and execution of strategic underwriting initiatives. The RUM serves as the primary underwriting partner to CRE market leadership and is accountable for delivering timely, high-quality credit analysis and portfolio risk management while fostering a strong culture of risk discipline, collaboration and continuous improvement.The role directly manages Senior Underwriters and Hub Managers, with oversight over the CRE Underwriting Hubs in Minneapolis and Denver; and supports underwriting resources, ensuring alignment with enterprise credit policies, regulatory expectations and business objectives.

Key Responsibilities

Regional Leadership & Strategy

• Lead all underwriting and portfolio management activities for the Central Region.
• Establish and execute regional underwriting strategies, priorities and operating objectives.
• Partner with Relationship Managers, Credit partners and CRE leadership to support portfolio growth while maintaining sound credit discipline.
• Serve as the primary escalation point for significant credit, portfolio, operational and staffing matters.
• Drive consistency in underwriting practices, processes and documentation across the region.
• Serve as a member of the national CRE Underwriting leadership team, collaborating with peers and the Head of CRE Underwriting to advance strategic priorities, drive process improvement and operational efficiencies, and enhance the overall effectiveness and consistency of the underwriting organization.

Credit Risk Management & Portfolio Management Oversight

• Maintain overall accountability for underwriting quality and consistency throughout the region.
• Provide guidance on complex transactions, credit structures, sponsor analysis and portfolio risk matters.
• Partner with Regional Portfolio Managers to maintain a proactive portfolio management culture.
• Review and esc…
• Ensure risk ratings, annual reviews, modifications and portfolio monitoring activities are completed accurately and on time.
• Promote strong credit judgment and sound underwriting recommendations across all asset classes and property types.

Team Leadership & Talent Development

• Lead and develop a team of credit analysts and senior underwriters with varying degrees of experience.
• Coach Hub Managers to enhance leadership effectiveness and technical expertise.
• Establish clear performance expectations and accountability standards.
• Support recruiting, succession planning, talent development and retention efforts.
• Foster a collaborative, high-performing culture emphasizing ownership, continuous learning and strong risk management.

Workflow & Operational Excellence

• Ensure effective allocation of underwriting resources across new business and portfolio management activities.
• Identify opportunities to improve efficiency, standardization and scalability of underwriting processes.
• Support implementation of technology, automation and process improvement initiatives.
• Partner with Hub Managers to ensure timely execution and quality control of underwriting deliverables, monitor workflow capacity, priorities and service-level expectations.

Audit, Regulatory & Governance

• Lead underwriting engagement with internal audit, external audit and regulatory examinations.
• Ensure compliance with credit policy, underwriting standards and governance requirements.
• Coordinate responses to audit findings and support remediation efforts as needed.
• Promote strong documentation and defensible credit practices throughout the organization.

Business Partnerships

• Participate in strategic discussions regarding portfolio trends, business strategy, staffing and risk management.
• Act as a trusted advisor to CRE market leaders, Relationship Managers and Credit leadership.
• Facilitate productive partnerships between Underwriting, Credit and the Business Line.
• Serve as a key representative of the underwriting organization across the platform.

Basic qualifications:

• Bachelor's degree, or equivalent work experience
• 10 or more years of banking experience
• Five or more years of management experience

Preferred Skills/Experience

• Advanced knowl