Portfolio Manager - Asset Based Lending Job at US Bank, Chicago, IL

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  • US Bank
  • Chicago, IL

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 DescriptionThe 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. 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.Job Description:Portfolio & Risk ManagementManage 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 ExecutionRespond 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 DevelopmentConduct 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 & CollaborationEscalate 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 DevelopmentMentor 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.Preferred Skills/Experience:Travel is required less than 10% of time.Three or more years of ABL portfolio management 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.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: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 insuranceShort-term and long-term disabilityPregnancy disability and parental leave401(k) and employer-funded retirement planPaid vacation (from two to five weeks depending on salary grade and tenure)Up to 11 paid holiday opportunitiesAdoption assistanceSick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by lawReview 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-VerifyU.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 - $156,900.00U.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.Job SummaryJob number: 2026-0020355Date posted : 2026-09-15Profession: Sales & Relationship ManagementEmployment type: Full time

Job Tags

Full time, Work experience placement, Work at office, Local area, Remote work, Flexible hours, 3 days per week

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