Senior Credit Underwriter – Insurance, Institutional Client Group

 

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 Senior Credit Underwriter is a Senior-level individual contributor within Institutional Client Group Corporate Banking, responsible for underwriting and advising on the credit structure of transactions across a portfolio of insurance clients, including life, property & casualty, reinsurance, and related financial structures.

Partners with Relationship Managers and Portfolio Managers to support new business origination, manage ongoing credit relationships, and ensure consistent execution of underwriting standards. Serves as a key escalation point for complex transactions and provides credit guidance across the team.

Key Responsibilities

• Underwrite and manage credit exposures across an insurance portfolio, including new originations and existing relationships
• Lead credit analysis and approval processes for complex transactions, providing independent risk assessments
• Provide credit perspective on transaction structuring, including evaluation of key terms, risk mitigants, and alignment with risk appetite
• Manage portfolio monitoring, including reviews, amendments, and covenant compliance
• Serve as a senior resource and escalation point for underwriting and credit-related matters
• Partner with Relationship Managers on client discussions and credit-related inquiries
• Mentor junior team members and support consistent underwriting execution
• Ensure adherence to credit policies and regulatory requirements

Basic Qualifications
- Bachelor's or Master's degree in finance, accounting or other related field
- 10 or more years of banking experience
- Demonstrated experience underwriting complex corporate or institutional credit exposures

Preferred Skills/Experience

- Knowledge of insurance sectors, including life, P&C, reinsurance, and related structures

- Strong understanding of credit risk frameworks and lending policies

- Ability to evaluate and advise on credit structures, including terms and risk mitigants

-Strong analytical and communication skills

- Ability to influence and operate effectively within a team environment

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: $170,255.00 - $200,300.00

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.