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 Senior Asset Based Lending Portfolio Manager (ABL) partners closely with Relationship Managers and Business Development Officers to manage a complex portfolio of Asset Based Lending credit relationships. This role supports revenue growth by deepening existing customer relationships, assisting with new business opportunities, and ensuring strong credit execution and risk management. The Senior ABL Portfolio Manager also plays a leadership role by supporting special projects, providing training across the ABL platform, and assisting other portfolio teams during periods of high volume or time constraints.

Customers supported by this role range from $25MM to multi‑billion‑dollar revenue companies, with frequent direct interaction with borrowers, financial sponsors, and agents from other banking institutions.

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.

- Provide support to other ABL portfolio teams during peak workloads or time‑sensitive situations.

Leadership & Team Development

- Provide training and knowledge‑sharing support across the ABL platform, contributing to consistent best practices and development of the broader PM group.

- Lead or contribute to special projects that enhance portfolio management practices, processes, or team effectiveness.

- Serve as a flexible resource to assist other teams and initiatives as business needs evolve.

Basic Qualifications
- Bachelor's degree, or equivalent work experience
- Eight or more years of relevant experience

Preferred Skills/Experience

- Five or more years of ABL portfolio management experience
- 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

- Experience supporting special projects, training initiatives, and cross-team collaboration

- Strong flexibility, teamwork, and time-management skills in a dynamic environment

- Proficiency in Microsoft Office Suite

- Experience with nCino is a plus

Location expectations
This role requires working from a U.S. Bank location three (3) or more days per week.

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:

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.

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: $133,365.00 - $156,900.00

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.

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