Credit Portfolio Manager - Insurance Premium Finance

U.S. Bank; Gresham (OR); On-site; USD 98,000 - 120,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and retirement plan

Paid vacation

Job summary

U.S. Bank is seeking an experienced Credit Portfolio Manager to join the Insurance Premium Finance (IPF) Credit Portfolio Management team.

The role partners with Relationship Managers to manage and grow IPF credit relationships and supports retention and expansion opportunities aligned with the business strategy. Primary responsibilities include underwriting, due diligence, coordination with Credit Risk Management, and participation in client calls.

Qualifications

• Thorough credit underwriting knowledge and ability to assess complex opportunities.
• Strong analytical and problem-solving abilities.
• Clear written and verbal communication for credit memos and discussions.

Responsibilities

• Fulfill underwriting requirements with accurate credit memos.
• Perform due diligence on borrowers and opportunities.
• Coordinate with Credit Risk Management and other groups to ensure quality credit documents.
• Participate in credit approval discussions and joint client calls.
• Ensure timely covenant compliance and collateral valuations.
• Assist relationship managers with loan structuring to balance risk and opportunity.
• Review credit agreements with internal/external counsel to ensure accuracy.

Skills

Credit underwriting

Analytical skills

Communication skills

Cross-functional collaboration

Education

Bachelor's degree

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

U.S. Bank is searching for an experienced credit professional to join our dedicated Insurance Premium Finance (IPF) Credit Portfolio Management team.

The Credit Portfolio Manager partners with Relationship Managers to successfully manage and grow IPF credit relationships. This includes partnering with internal and external clients to support retaining and expanding relationships with existing customers and supporting growth opportunities that align with the business strategy.

Primary responsibilities include:

• Fulfil underwriting requirements while providing accurate, timely and conclusive credit memos
• Perform due diligence on prospective borrowers and new opportunities and assist in preparing the initial reviews
• Coordinates work with, Credit Risk Management and other groups, promoting consistent quality and conciseness of credit documents and streamlining work flow among underwriting, credit approval and Credit Risk Management
• Participates and contributes in credit approval discussions
• Participates in joint client calls with relationship managers, clients and advisors.
• Performs timely covenant compliance and collateral valuation updates
• Assists relationship managers in working with internal and external legal counsel reviewing and ensuring accuracy of credit agreements
• Assists relationship managers in loan structuring to win without undue risk to Bank
• Understand and comply with all U.S. Bank Credit Policies and Procedures

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Three to five years of relevant experience

Preferred Skills/Experience

• Thorough credit underwriting knowledge with experience in complex individual underwriting.
• Thorough understanding of credit standards, policies, procedures, government agency compliance (Reg B, H, O, etc.)
• IPF product experience preferred but not required
• Strong analytical and problem-solving skills
• Well-developed written communication and verbal presentation skills
• Ability to work effectively with individuals and groups across the company to manage customer relationships
• Has aptitude to work on several time sensitive deals, projects and tasks at one time in a fast paced environment.

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.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

Additional considerations regarding base pay levels are based on candidate qualifications. Your compensation expectations will be discussed with a U.S. Bank recruiter if you are contacted to discuss the role further.

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.

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: $98,280.00 - 120,120.00

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.