Portfolio Manager - Insurance, Institutional Client Group U.S. Bank National Association - 3.5 Cincinnati, OH Job Details Full-time $148,495 - $174,700 a year 22 hours ago Benefits Paid holidays Disability insurance Health insurance Dental insurance 401(k) Adoption assistance Parental leave Vision insurance Life insurance Qualifications Debt covenant compliance Business development management Credit risk report Customer relationship building Loan compliance checks Underwriting guidelines adherence Commercial insurance knowledge Financial statement analysis Financial report writing Portfolio performance measurement Managing clients in a lending role 8 years Compliance monitoring Business development Analysis skills Capital Structure Bachelor's degree Financial report interpretation Managing clients in a finance role Continuous improvement Industry trends Customer relationship management Managing banking or lending client portfolios Coordinating with insurance clients Corporate finance analysis experience in risk and credit Business development within finance Financial statement interpretation Financial performance measurement Banking business development Senior level Full 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 The Portfolio Manager is responsible for managing an assigned portfolio of insurance clients within Institutional Client Group, including life insurance companies, property & casualty insurers, reinsurers, brokers, and other insurance-related organizations. The role partners closely with Relationship Managers and a Senior Credit Underwriter to support new business origination, expand existing client relationships, perform ongoing portfolio management, and deliver high-quality credit analysis across a diverse set of insurance relationships. This position offers exposure to complex insurance transactions and provides opportunities to develop expertise in underwriting, portfolio management, credit analysis, and client relationship management within a specialized industry vertical. Successful candidates will gain experience supporting both existing client relationships and new business opportunities while working closely with senior banking professionals across the organization. Key Responsibilities Analyze and underwrite new and existing credit relationships within the insurance sector. Manage an assigned portfolio of insurance client relationships and related credit exposures. Prepare credit approval memoranda, annual reviews, renewals, amendments, and portfolio monitoring deliverables. Evaluate borrower performance, industry trends, capital structures, and key credit risks while making independent credit recommendations. Monitor covenant compliance and ongoing portfolio performance. Support new business origination through financial analysis, due diligence, and transaction evaluation. Partner with Relationship Managers on client and prospect opportunities, including participation in client meetings, industry conferences, and relationship strategy discussions. Develop an understanding of credit structures, credit documentation, and risk mitigation techniques across a variety of insurance-related transactions. Build expertise across insurance subsectors, including life insurance, property & casualty insurance, reinsurance, brokerage, and specialty insurance. Partner closely with Relationship Managers, Credit Risk Managers, Loan Capital Markets, Derivatives, and other stakeholders to support client coverage, evaluate credit opportunities, and deliver effective risk management solutions. Contribute to portfolio strategy, business development initiatives, and ongoing process improvement efforts. Basic Qualifications Bachelor's degree, or equivalent work experience. Eight or more years of relevant experience. Preferred Skills / Experience Extensive knowledge of commercial and corporate lending, credit standards, policies, procedures, and products. Strong relationship management and business development skills. Strong analytical and problem-solving skills. Excellent presentation, verbal, and written communication skills. Experience analyzing corporate or institutional credit exposures. Strong financial statement analysis and credit underwriting skills. Knowledge of or interest in developing expertise within the insurance industry. Ability to evaluate financial performance, industry dynamics, and complex credit structures. Ability to manage multiple priorities and work effectively in a team environment. Demonstrated intellectual curiosity, critical thinking, and a willingness to take on increasing responsibility.

Location Expectations:

This role will require three (3)+ days per week in one of the listed U.S. Bank hub locations. 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. 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:

$148,495.00 - $174,700.00 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.