Senior CRE Credit Analyst: Underwriting & Portfolio Risk

U.S. Bank National Association; Newport Beach (CA); On-site; USD 98,000 - 116,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement

Paid vacation and holidays

Disability insurance

Parental leave

Job summary

U.S. Bank is seeking a Commercial Real Estate Senior Credit Analyst in Newport Beach, CA. The role focuses on underwriting CRE portfolios, analyzing financials, and preparing credit memoranda, with opportunities to support transactions from originations through portfolio management.

Experience in CRE underwriting, strong Excel skills, and ability to communicate risks clearly to approval committees are essential. Salary ranges are provided and the role requires on-site work several days per week.

Qualifications

• Bachelor's degree, or equivalent work experience.
• Two or more years of experience in a finance/analytical related role.
• Strong CRE underwriting foundation across property types (cash flow, valuation, sponsor analysis, structure, covenants).
• Experience authoring credit memoranda and presenting risks to approval committees.
• Strong analytical and technical writing skills; translate diligence into clear credit narratives.
• Strong verbal and written communication skills across origination, portfolio management, risk, and advisors.

Responsibilities

• Underwrite new originations and portfolio exposures for CRE.
• 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.
• Support transactions and ground-up construction projects, including budget monitoring and monthly draw reviews.
• Assist with new deal originations, evaluating opportunities in the $50MM–$100MM range, with select up to $750MM.
• Collaborate with Credit Approvers and risk partners; participate in client meetings.

Skills

CRE underwriting

Financial analysis

Credit memo writing

Communication skills

Excel

nCino/CoStar familiarity

Cash flow modeling

Education

Bachelor's degree or equivalent

Tools

Excel

nCino

CoStar

Job description

U.S. Bank is seeking a Commercial Real Estate Senior Credit Analyst in Newport Beach, CA. The role focuses on underwriting CRE portfolios, analyzing financials, and preparing credit memoranda, with opportunities to support transactions from originations through portfolio management.

Experience in CRE underwriting, strong Excel skills, and ability to communicate risks clearly to approval committees are essential. Salary ranges are provided and the role requires on-site work several days per week.