Commercial Real Estate (REIT) Portfolio Manager

Associated Bank

Chicago, IL 60290

United States

Posted July 7, 2025

{FULL_TIME,VOLUNTEER,INTERN}

Management

Valid until August 6, 2025

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Job Description

Join to apply for the Commercial Real Estate (REIT) Portfolio Manager - VP role at Associated Bank

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Join to apply for the Commercial Real Estate (REIT) Portfolio Manager - VP role at Associated Bank

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This range is provided by Associated Bank. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$81,620.00/yr - $139,920.00/yr

At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your growth and development are encouraged and supported, then Associated Bank may be the right place for you.
Associated Bank requires you to directly represent yourself and your own experiences during the recruiting and hiring process.
The Portfolio Manager – REIT Focus is responsible for the underwriting, credit monitoring, and proactive management of a portfolio of Commercial Real Estate (CRE) relationships, with a specialized emphasis on Real Estate Investment Trusts (REITs). This role is critical to ensuring the quality, compliance, and profitability of CRE credit relationships, while supporting client retention, portfolio growth, and cross-functional collaboration.
The ideal candidate will have strong analytical skills, proven experience with complex CRE structures (particularly REITs), and the ability to partner effectively with Relationship Managers to deliver a seamless client experience.

Portfolio Management & Credit Analysis

Underwrite and manage a portfolio of CRE loans, focusing on REITs and institutional real estate borrowers.
Analyze borrower and guarantor financial statements, market and property-level data, and deal structures to evaluate creditworthiness and loan suitability.
Ensure compliance with internal credit policies, regulatory standards, and CRE risk guidelines.
Maintain accurate and timely risk ratings, covenant tracking, and loan monitoring.

Client Engagement & Relationship Support

Collaborate with Relationship Managers to retain and expand client relationships through high-quality credit support and financial insights.
Serve as a key liaison between the client and internal stakeholders (Credit, Loan Ops, Legal, etc.).
Assist in preparing and presenting loan recommendations and credit packages for approval.

Performance Monitoring & Compliance

Monitor ongoing loan performance, including property cash flows, repayment activities, and borrower financial health.
Minimize portfolio exceptions related to past-due items, financial covenants, and reporting requirements.
Support annual relationship reviews, scorecard reporting, and portfolio audits.

Strategic Projects & Mentorship

Contribute to regional or bank-wide strategic initiatives and ad hoc projects.
Support the training and development of junior portfolio managers as needed.

Market Engagement

Represent the bank in CRE-related community and industry groups to enhance visibility and business development opportunities.

Education

Bachelor’s degree in Finance, Accounting, Real Estate, or related field required.
MBA or related graduate degree preferred.

Experience

4–7 years of commercial real estate lending, credit underwriting, or portfolio management required.
Prior experience with REITs and large, complex CRE structures strongly preferred.
Formal credit training or equivalent experience preferred.
Sales or business development experience a plus.

Other Requirements

Reliable transportation and ability to travel to client sites or industry events as needed.

In addition to core traditional benefits, we take pride in offering benefits for every stage of life.

Retirement savings including both 401(k) and Pension plans.
Paid time off to volunteer in your community.
Opportunities to connect with others through our diversity-focusedColleague Resource Groups.
Competitive salaries with professional development and advancement opportunities.
Bonus benefits including well-being programs and incentives, parental leave,anemployee stock purchase plan, military benefits and much more.
Personal banking, loan, investmentand insurance benefits.

Associated Bank serves more than 120 communities throughout Wisconsin, Illinois and Minnesota and we consider our colleagues critical to our continued success. See why our colleagues continually vote us a best place to work in the Midwest.Join our community onFacebook,LinkedInandX.
Compliance Statement
Associated Bank is an equal opportunity employer committed to creating a diverse workforce. We support a work environment where colleagues are respected and given the opportunity to perform to their fullest potential. 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.
Fully complies with all applicable enterprise policies and procedures. Acts in compliance with all applicable laws and regulations as outlined in training materials, including but not limited to Bank Secrecy Act. Responsible for reporting suspicious activity to Financial Intelligence. Responsible to report all customer complaints as prescribed and procedure violations to management or HR.
Responsible to report ethical concerns as needed to Associated Bank’s anonymous Ethics Hotline.
Associated Bank provides additional assistance throughout the application, interview and hiring process. Please contact if you need an accommodation at any time during the process.
Associated Banc-Corp is an Affirmative Action and Equal Opportunity Employer. Associated Banc-Corp participates in the E-Verify Program. E-Verify Notice English or Spanish. Know Your Right to Work English or Spanish.
Associated Bank is Pay Transparency compliant.
The pay range represents anticipated base pay for this role. Actual pay may vary based on factors including, but not limited to, work location, skills, experience, education, and qualifications for the role.
$81,620.00 - $139,920.00 per year