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Commercial Portfolio Manager Jobs in Rochester, MN

Old National Bank

Private Banker II

Rochester, MN · On-site

$62K - $153K/yr

... manage and deepen client relationships within portfolio. This includes but is not limited to ... Commercial Banking. Strong working knowledge of these lines of business is required in order to ...

Old National Bank

Private Banker II

Rochester, MN · On-site

$62K - $153K/yr

... manage and deepen client relationships within portfolio. This includes but is not limited to ... Commercial Banking. Strong working knowledge of these lines of business is required in order to ...

World Wide Technology

Software Specialist

Rochester, MN · On-site

... management, and clean data they can trust. The Software Specialist role exists to deliver exactly ... functional and commercial software expertise within the Customer Success portfolio. The role ...

Dunmor

Loan Originator

Rochester, MN · On-site +1

... portfolio loans, offering diverse solutions to borrowers nationwide. As a FinTech commercial lender ... Consistently update the CRM system to reflect the status of prospects, applications, and active ...

Tenneco

Interpreter

Lake City, MN · On-site

$22.75 - $30/hr

With a global presence, an innovative and expansive product portfolio, and an obsessive commitment ... The ideal candidate will manage corporate translation needs, coordinate international import ...

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All JobsCommercial Portfolio JobsCommercial Portfolio Manager JobsCommercial Portfolio Manager Jobs in Rochester, MN

Commercial Portfolio Manager information

See Rochester, MN salary details

$56.4K

$106.7K

$142.8K

How much do commercial portfolio manager jobs pay per year?

As of Aug 8, 2026, the average yearly pay for commercial portfolio manager in Rochester, MN is $106,682.00, according to ZipRecruiter salary data. Most workers in this role earn between $82,800.00 and $125,500.00 per year, depending on experience, location, and employer.

What does a commercial portfolio manager do?

Commercial portfolio managers research market trends and trading activity to develop and implement investment strategies for business clients or commercial loan revenue. You commonly find commercial portfolio managers employed at banks; they monitor and manage a portfolio of business loans and determine how to expand those investments. As a commercial portfolio manager, you analyze financial statements, identify market risks, and make recommendations for future investing. You may also be responsible for loan structuring and pricing and cultivating current and new client relationships. To become a commercial portfolio manager, you need a bachelor’s degree in finance, accounting, or a related field, and several years of industry experience.

How much do commercial portfolio managers get paid?

Commercial portfolio managers typically earn a median annual salary ranging from $80,000 to $150,000, depending on experience, location, and the size of the portfolio managed. Senior managers or those in high-cost areas can earn over $200,000, often supplemented with bonuses and incentives. Strong analytical skills and industry certifications like the CCIM or CPM can influence compensation levels.

What are the main challenges a commercial portfolio manager faces when balancing risk and client objectives?

As a Commercial Portfolio Manager, one of the key challenges is finding the right balance between achieving client investment goals and maintaining appropriate risk levels within the portfolio. This often involves analyzing complex financial data, staying updated on market trends, and making informed decisions under tight deadlines. Additionally, you must effectively communicate with clients to manage expectations and ensure they understand the rationale behind portfolio adjustments, all while collaborating closely with relationship managers, analysts, and compliance teams to meet both regulatory and performance standards.

What is a commercial portfolio manager?

Commercial Portfolio Managers are financial professionals responsible for managing and overseeing a portfolio of commercial loans or investments for a bank or financial institution. They analyze financial statements, assess risk, monitor loan performance, and work closely with clients to ensure their needs are met while maintaining the profitability of the portfolio. These managers also assist in structuring new credit facilities, renewing existing loans, and ensuring compliance with internal policies and regulatory requirements.

What are the key skills and qualifications needed to thrive as a commercial portfolio manager, and why are they important?

To thrive as a Commercial Portfolio Manager, you need strong financial analysis skills, deep knowledge of credit risk, and a background in business or finance, often supported by a relevant degree or professional certifications. Familiarity with portfolio management software, risk assessment tools, and financial modeling systems is crucial for daily operations. Exceptional relationship management, negotiation, and communication skills help you effectively manage client accounts and internal stakeholders. These competencies enable you to optimize portfolio performance, mitigate risks, and drive profitability in a competitive financial environment.
More about Commercial Portfolio Manager jobs
What job categories do people searching Commercial Portfolio Manager jobs in Rochester, MN look for? The top searched job categories for Commercial Portfolio Manager jobs in Rochester, MN are:
What cities near Rochester, MN are hiring for Commercial Portfolio Manager jobs? Cities near Rochester, MN with the most Commercial Portfolio Manager job openings:
Commercial Portfolio Manager jobs near you
Infographic showing various Commercial Portfolio Manager job openings in Rochester, MN as of August 2026, with employment types broken down into 88% Full Time, 11% Part Time, and 1% Contract. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $106,682 per year, or $51.3 per hour.

Private Banker II

Old National Bank

Rochester, MN • On-site

$62K - $153K/yr

Full-time

Medical, Dental, Vision, Retirement

Re-posted 8 days ago

Old National Bank rating

8.2

Company rating: 8.2 out of 10

Based on 39 frontline employees who took The Breakroom Quiz

51st of 170 rated banks

Job description

Overview
Old National Bank has been serving clients and communities since 1834. With over $70 billion in total assets, we are a regional powerhouse deeply rooted in the communities we serve. As a trusted partner, we thrive on helping our clients achieve their goals and dreams, and we are committed to social responsibility and investing in our communities through volunteering and charitable giving.
We continually seek highly motivated and talented individuals as our people are critical to our success. In return, we offer competitive compensation with our salary and incentive program, in addition to medical, dental, and vision insurance. 401K, continuing education opportunities and an employee assistance program are also included in our benefit suite. Old National also offers a variety of Impact Network Groups led by team members who are passionate about driving engagement, creating awareness of diverse backgrounds and experiences, and building inclusion across the organization. We offer a unique opportunity to join a growing, community and client-focused company that is firmly rooted in its core values.
Responsibilities
We are currently seeking a Private Banker that will be responsible for the delivery of an exceptional client experience that provides personalized financial guidance and expertise to existing and prospective Private Banking clients. By definition, a Private Banking client is required to maintain total deposit balances of $250,000 or more in qualified accounts at Old National or an emerging professional in certain qualifying professions.
The Private Banker is the primary driver of sales for all Private Banking deposit and lending products, a key connector to internal business partners that provide clients with access to specialized financial needs (Wealth/Mortgage/Commercial), and a demonstrated industry expert that can build and retain a relationship portfolio.
Salary Range
The salary range for this position is $62,300 - $153,000 per year. Final compensation will be determined by location, skills, experience, qualifications and the career level at which the position is filled.
This position may be filled as a Private Banker or Sr. Private Banker. Depending on skills, qualifications and number of years of experience.
Key Accountabilities
Quarterback for the Private Banking Relationship:
  • Conduct initial needs assessment for customer and engage appropriate ONB business partners according to identified needs.
  • Work collaboratively with an ONB Wealth Advisor to effectively manage and deepen client relationships within portfolio. This includes but is not limited to providing a superior level of client service, conducting regular meetings and calls with clients to review pertinent financial information, engaging product partners/specialist in client meetings and product delivery, and continuing to understand and provide solutions designed to meet the best interests of the client as their needs change and evolve.
  • Work with appropriate support team to monitor and execute all tasks required to fulfill customer's service plan/objectives and meet day-to-day inquiries from the client.

New Business Development (Self-Sourcing):
  • Prospect and self-source new client opportunities through all available means including internal and external client referrals, networking, reviews of existing books and expanded relationship opportunities, calling efforts, client entertainment, participation in organizations or associations where high/ultra-high net worth customers can be identified, etc.
  • Actively identify and connect business opportunities to internal business units where appropriate including Wealth, Community, Mortgage, Treasury Management and Commercial Banking. Strong working knowledge of these lines of business is required in order to provide confident responses & direction to customers.

Product Knowledge (ONB and subject matter area of expertise):
  • Maintain up-to-date advanced knowledge of Private Banking product offerings and processes, changing legislation, and current industry trends and practices and utilizing those as a part of the relationship management process.
  • Identify, focus and engage in a subject matter area of expertise that provides unique exposure to specific areas of industry. Leverage this exposure to gain access and opportunity for new business development and creation of centers of influence.

Key Competencies for Position
  • Communication and Collaboration
  • Drive and Execution
  • Client Leadership
  • Technical Knowledge

Qualifications and Education Requirements
  • Bachelor's Degree and a minimum of 1 year related work experience or 4+ years' related work experience. Work experience with a financial institution focusing on client service and sales, preferably in the affluent/high net-worth segment, strongly desired.
  • Must demonstrate a high level of professionalism and financial/banking industry knowledge, superior client service, and the ability to interact with clients and associates at all levels.
  • NMLS registered or ability to obtain NMLS registration
  • Financial Planning background or experience preferred, but not required

Key Measures of Success/Key Deliverables:
  • Customer Identification and Acquisition - Proactively screens and identifies prospects for Private Banking through self-sourcing and leveraging of customer information and converts those prospects into Private Banking customers.
  • Strong Internal Collaboration and Relationships - Establishes a strong collaborative relationship with other business partners to generate internal referral opportunities and acquire and deepen customer relationships.
  • Subject Matter Expertise - Acquire increased knowledge and experience in a specific industry (SME) and be "top of mind" in that industry, leverage external relationships and profile, and deliver an enhanced value-add to customers.

Old National is proud to be an equal opportunity employer focused on fostering an inclusive workplace and committed to hiring a workforce comprised of diverse backgrounds, cultures and thinking styles.
As such, all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, protected veteran status, status as a qualified individual with disability, sexual orientation, gender identity or any other characteristic protected by law.
We do not accept resumes from external staffing agencies or independent recruiters for any of our openings unless we have an agreement signed by the Director of Talent Acquisition, to fill a specific position
Our culture is firmly rooted in our core values.
We are optimistic. We are collaborative. We are inclusive. We are agile. We are ethical.
We are Old National Bank. Join our team!

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