Impact Finance - Subscription Finance and Private Equity Portfolio Manager

Portfolio Manager

U.S. Bank Impact Finance's Corporate Sales / Advisory and Private Equity (CSA) team is an investor and lender in the private equity fund industry. We provide direct equity investment as well as subscription credit facilities to private equity funds, secured by the capital commitments of their limited partners. We are seeking experienced portfolio managers to join our Portfolio Management and Underwriting team, supporting various investment fund strategies. This role offers a unique opportunity to work directly with private equity clients, lead strategic portfolio initiatives, and contribute to the growth of a high-performing, client-centric business.

Primary Responsibilities

• Lead and partner with Relationship Managers and subscription finance originations to manage and grow a portfolio of subscription lines and institutional client relationships.
• Underwrite private equity funds across multiple strategies (buyout, secondaries, private credit, real estate et al.) and their underlying investors, applying credit policy to structure credit facilities including their borrowing bases.
• Analyze a diverse range of investor types including banks, pension funds, endowments, foundations, insurance companies, sovereign wealth funds, feeder vehicles and high-net-worth individuals.
• Prepare comprehensive written and financial analyses, determine appropriate risk ratings, and present credit approval requests to senior credit committees.
• Complete required loan booking system (nCino) fields and tasks with precision and timeliness.
• Contribute to internal projects and initiatives aimed at improving process efficiency and portfolio performance.
• Maintain strong stakeholder relationships through proactive communication and responsiveness.
• Mentor junior team members and contribute to talent development across the group.
• Represent the credit team in cross-functional forums and strategic planning sessions.
• Maintain ongoing monitoring of our subscription line portfolio, including borrowing base compliance and covenant tests
• Manage annual and quarterly reviews and identify any early warning indicators along with escalating material changes in line usage, or covenant adherence
• Monitor performance of the LP commitments to include tracking capital calls, distributions, NAV trends, and unfunded commitment
• Perform projections modeling and familiarity with valuation methods in private equity
• Managing annual and periodic reviews for private equity fund investments

Basic Qualifications

Preferred Skills / Experience

Location Expectations

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.

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) :

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 : $119,765.00 - $140,900.00