Job Information
U.S. Bank Subscription Finance Portfolio Manager in Charlotte, North Carolina
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’s Subscription Finance (“SF”) team provides financing to private equity funds through structured credit facilities secured by the capital commitments of the funds’ limited partners (investors). The SF team is seeking an experienced underwriter to join our portfolio management team in Charlotte, NC.
Primary responsibilities will include:
Both individually and by guiding the work of junior colleagues:
Applying credit policy and industry expertise to underwrite and structure borrowing bases consisting of diverse investor types, including pension funds, endowments, foundations, insurance companies, sovereign wealth funds, other institutional investors, and high-net-worth investors
Performing related credit analysis on the underlying investors
Maintaining relevant data elements in SF’s collateral management application and related portfolio management databases in support of internal reporting and portfolio surveillance
Monitoring investor performance and internal/external credit ratings
Contributing to the team’s overall portfolio & risk management activities, including industry and geopolitical analyses pertinent to SF’s collateral base
Developing and maintaining reference guides and training materials to drive consistency and knowledge transfer
Supporting SF’s commitment to risk management and operational efficiency by championing continuous improvement in the policies, procedures, and tools employed by the business
Contributing subject matter expertise during refinements to credit policy & procedures
Supporting the ongoing training and development of more junior team members
In furtherance of the foregoing responsibilities, partnering with members of SF’s origination team, Commercial Real Estate and Corporate Banking portfolio management teams, Credit Risk Management, and other product stakeholders
Basic Qualifications
Bachelor's degree, or equivalent work experience
Eight or more years of relevant experience
Preferred Skills/Experience
Working knowledge of subscription finance market practices – particularly, the role of limited partners and related considerations
Strong proficiency in Microsoft Office (Word, Excel, Outlook and PowerPoint), with an emphasis on Excel
Excellent verbal and written communication skills, along with the ability to effectively partner with internal product and coverage groups
Strong technical and analytical skills, including underwriting, financial statement analysis, and the ability to read and interpret legal documents
Considerable experience with credit policies and procedures
Effective organizational, multi-tasking, and prioritizing skills
Strong work ethic and attention to detail
Ability to work effectively, as well as independently, in a team environment
Outstanding problem-solving skills with the ability to recommend and implement process and efficiency improvements
Experience leading and/or training others
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 (https://careers.usbank.com/global/en/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 (some may vary based on role, location or hours):
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $123,165.00 - $144,900.00 - $159,390.00
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
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