Portfolio Manager-Asset Based Lending

U.S. Bank; New York (NY); Hybride; USD 148 000 - 175 000; Plein temps

Avantages offerts par ce poste

Healthcare

Life insurance

Disability insurance

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Résumé du poste

U.S. Bank in New York, NY seeks an ABL Portfolio Manager to partner with Relationship Managers and Business Development Officers. You will manage a portfolio of ABL credits, monitor risk, and support underwriting to close opportunities.

Responsibilities include client meetings, risk escalation, and coordination with internal teams while mentoring junior staff and ensuring policy compliance. Hybrid schedule with in-office days.

Qualifications

• Bachelor's degree or equivalent work experience.
• Eight or more years of relevant experience.
• Three or more years of ABL portfolio management experience.

Responsabilités

• Manage an assigned portfolio of ABL credits, including direct/agented facilities and purchased participations.
• Monitor and manage credit risk across all assigned customer relationships.
• Ensure full adherence to bank policies and procedures, regulatory requirements, and compliance standards.
• Underwrite ancillary credit exposure to support customer needs.
• Assist the Underwriting team with new business transactions, as needed.

Connaissances

ABL knowledge

Relationship mgmt

Analytical thinking

Communication skills

Formation

Bachelor's degree or equivalent

Outils

None

Description du poste

Company Overview

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.

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 you excel at—at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Summary

The ABL Portfolio Manager partners closely with Relationship Managers and Business Development Officers to effectively manage a portfolio of ABL credit relationships. The role supports revenue growth by deepening existing customer relationships and collaborating with Underwriting to close new business opportunities.

Responsibilities

Manages an assigned portfolio by monitoring credit risk, ensuring compliance, and supporting customer credit needs through underwriting and transaction execution while partnering with internal teams. Builds and maintains strong customer relationships, escalates risk concerns, collaborates across functions, and supports team development through mentoring and training.

Portfolio & Risk Management

• Manage an assigned portfolio of ABL credits, including direct/agented facilities and purchased participations.
• Monitor and manage credit risk across all assigned customer relationships.
• Ensure full adherence to bank policies and procedures, regulatory requirements, and compliance standards.

Customer Support & Credit Execution

• Respond promptly to customer credit requests.
• Underwrite ancillary credit exposure to support customer needs.
• Assist the Underwriting team with new business transactions, as needed.

Customer Relationship Development

• Conduct regular customer meetings to deepen relationships and identify cross sell or expansion opportunities.
• Serve as a key point of contact for credit related discussions and problem resolution.

Internal Communication & Collaboration

• Escalate credit concerns clearly and efficiently to senior management.
• Review, negotiate, and coordinate legal documentation with customers, counsel, and internal partners.
• Partner with operations, field examination, appraisal, and compliance teams to ensure accurate reporting and loan monitoring.

Leadership & Team Development

• Mentor and provide training support to junior team members, contributing to the development of the broader ABL team.

Basic Qualifications

• Bachelor's degree or equivalent work experience.
• Eight or more years of relevant experience.
• Three or more years of ABL portfolio management experience.

Preferred Skills/Experience

• Extensive knowledge of ABL commercial/corporate lending and credit standards, policies, procedures and products, including financial statements, field exams, appraisals, and borrowing bases.
• Strong relationship management and business development skills.
• Strong analytical and problem-solving skills.
• Excellent presentation, verbal and written communication skills.
• Ability to work effectively in a fast-paced, team-oriented environment.

Schedule & Accommodation

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. 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.

Benefits

• 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

Equal Opportunity

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.

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.

Salary

Pay Range: $148,495.00 - $174,700.00

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).

Background Checks

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.

Closing Note

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