Credit Analyst 2 - Commercial Real Estate Housing Capital

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

This role supports the Commercial Real Estate (CRE) homebuilder finance business, with a focus on underwriting and managing credit exposure for privately held homebuilders and housing capital sponsors. The position partners closely with origination and portfolio management teams, supporting transactions from initial deal evaluation through ongoing portfolio monitoring to ensure sound credit risk management across the portfolio.

Key responsibilities include overseeing accurate and consistent financial statement spreading, preparing quarterly trend analyses and monitoring reports, performing covenant testing, and ensuring compliance with bank credit policies and spreading standards. The role involves analyzing financial data, preparing comprehensive written credit analyses, evaluating portfolio credit quality and risk ratings, and supporting industry and sector reviews.

In addition, the role collaborates with internal stakeholders to prepare and present credit requests for approval, including renewals, modifications, extensions, covenant changes, and new-money requests. Responsibilities also include maintaining compliance monitoring and financial reporting databases to track credit agreement requirements, borrower financial reporting, covenant compliance, and key credit metrics.

Primary Responsibilities

• Perform detailed financial analysis, including spreading financial statements, covenant testing, risk rating evaluation, and quarterly credit monitoring
• Prepare written credit memoranda for renewals, amendments, extensions, and modifications, and origination
• Analyze portfolio-level trends, credit quality, and concentration risks, and support industry and sector reviews
• Maintain credit monitoring databases tracking financial reporting requirements, covenant compliance, and credit metrics
• Ensure compliance with internal credit policies, procedures, and documentation standards
• Coordinate internally with Credit Approvers, Relationship Managers, and other partner teams to support timely and accurate credit decisions

Basic Qualifications

• Bachelor's degree, or equivalent work experience
• Three to five years of experience in a finance or analytical-related role

Preferred Skills / Experience

• Background in economics, accounting, and/or finance with the ability to apply that knowledge to lending and credit risk analysis
• Experience supporting commercial or corporate banking portfolios, underwriting, or credit analysis
• Strong financial analysis skills, including covenant testing, credit modeling, and trend analysis
• Ability to prepare clear, well-structured written credit analyses and technical reports
• Strong verbal and written communication skills with the ability to communicate risk and issues effectively to internal partners
• Ability to independently execute straightforward credit requests for new and existing clients and collaborate with Credit Approvers
• Proficiency in Microsoft Office, particularly Excel

Our qualification review for this role considers the totality of a candidate's background, including relevant work experience, education, military experience, and specialized training. Equivalent combinations of these experiences may satisfy the basic qualifications for the role.

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. 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: $86,530.00 - $101,800.00

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.