Commercial Real Estate - Regional Underwriting Manager

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 Regional Underwriting Manager (RUM) leads all Commercial Real Estate underwriting and portfolio management activities across the Central Region. This position is responsible for driving credit quality, underwriting consistency, portfolio oversight, workflow management, talent development and execution of strategic underwriting initiatives. The RUM serves as the primary underwriting partner to CRE market leadership and is accountable for delivering timely, high-quality credit analysis and portfolio risk management while fostering a strong culture of risk discipline, collaboration and continuous improvement.   The role directly manages Senior Underwriters and Hub Managers, with oversight over the CRE Underwriting Hubs in Minneapolis and Denver; and supports underwriting resources, ensuring alignment with enterprise credit policies, regulatory expectations and business objectives.   Key Responsibilities Regional Leadership & Strategy • Lead all underwriting and portfolio management activities for the Central Region. • Establish and execute regional underwriting strategies, priorities and operating objectives. • Partner with Relationship Managers, Credit partners and CRE leadership to support portfolio growth while maintaining sound credit discipline. • Serve as the primary escalation point for significant credit, portfolio, operational and staffing matters. • Drive consistency in underwriting practices, processes and documentation across the region. • Serve as a member of the national CRE Underwriting leadership team, collaborating with peers and the Head of CRE Underwriting to advance strategic priorities, drive process improvement and operational efficiencies, and enhance the overall effectiveness and consistency of the underwriting organization.   Credit Risk Management & Portfolio Management Oversight • Maintain overall accountability for underwriting quality and consistency throughout the region. • Provide guidance on complex transactions, credit structures, sponsor analysis and portfolio risk matters. • Partner with Regional Portfolio Managers to maintain a proactive portfolio management culture. • Review and escalate emerging portfolio, covenant, sponsor or market risks as appropriate. • Ensure risk ratings, annual reviews, modifications and portfolio monitoring activities are completed accurately and on time. • Promote strong credit judgment and sound underwriting recommendations across all asset classes and property types.   Team Leadership & Talent Development • Lead and develop a team of credit analysts and senior underwriters with varying degrees of experience. • Coach Hub Managers to enhance leadership effectiveness and technical expertise. • Establish clear performance expectations and accountability standards. • Support recruiting, succession planning, talent development and retention efforts. • Foster a collaborative, high-performing culture emphasizing ownership, continuous learning and strong risk management.   Workflow & Operational Excellence • Ensure effective allocation of underwriting resources across new business and portfolio management activities. • Identify opportunities to improve efficiency, standardization and scalability of unde