2023 Commercial Real Estate Credit Analyst Full-Time Development Program – Early Careers (Undergraduate)
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.
Job Description
What you’ll do
Conduct analysis of financial statement and assessment of credit requests, providing recommendations tied to analysis and assessment of credit risk. Over the course of our 3-year program, you will receive accelerated learning and skill development through a mix of formal training, mentorship, and a community of peers and advisors.
You will provide credit support to one of the four Corporate & Commercial Banking lines of business:
Commercial Real Estate: With credit analysts in seven regional underwriting offices supporting approximately 30 origination offices throughout the country, U.S. Bank’s Commercial Real Estate platform is one of the largest in the United States. We deliver a comprehensive set of financing solutions to institutional, public, and private commercial real estate investors, including lines of credit (working capital, subscription, repurchase) and project debt (construction, bridge, term) to acquire, construct or rehab property types including multifamily, industrial, office, retail and more. Commercial Real Estate (CRE) is recruiting for its next Credit Analyst class to join the National CRE Underwriting Team. This selective program provides a diverse foundation in commercial real estate and credit principles. Analysts gather, analyze and interpret loan information to identify and recommend action to address risk. The program offers a collaborative and fast-paced environment while preparing candidates for internal opportunities in Relationship Management, Capital Markets, Underwriting Management, Technology / Analytics, and Credit.
As a credit development program analyst, you’ll:
- Oversee preparation of historical financial statement spreads, quarterly trend analysis (QTA) reports, quarterly monitoring reports and financial projections using standard software for existing and prospective clients
- Measure, monitor, and test a wide variety of financial covenants as specified within credit approval documents
- Read and interpret relevant credit approval requirements to accurately input monitoring requirements and covenants into a standard compliance monitoring system
- Analyze financial statement results and prepare reports to communicate financial performance and trends with Portfolio Managers, Relationship Managers, and/or Credit Administration
- Interact with clients as appropriate; attend meetings or calls with companies in the supported portfolio
- Develop technical and business acumen through training, mentorship, and exposure to senior executives
- Build a supportive community of peers through a variety of cohort strengthening activities such as social events, development workshops, and catered insight to support your transition from college to the workforce
- Give back to the communities where we live and work
Who we’re looking for
We’re looking for talent with demonstrated leadership capabilities, strong work ethic and intellectual curiosity.
Basic qualifications:
- Bachelor’s degree completed prior to start date
- Basic understanding of Financial/Accounting terms, concepts, and applications
- Ability to start development program on June 26, 2023
Preferred qualifications:
- Preferred GPA of 3.0 or above
- Strong written and verbal communication skills
- Well-developed analytical skills
- Acute attention to detail
- Ability to work well under pressure and time constraints
- Ability to work equally well in a team environment and independently, exhibiting initiative, ownership, and flexibility
- Excellent problem-solving skills
- Effective oral and written communication skills
- Proficient in Excel and PowerPoint
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.
Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.
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):
- 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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $76,670.00 - $90,200.00 - $99,220.00Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.