Environmental Finance - Business Development Associate - New Products

at  US Bank National Association

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 will provide support and capacity for the business to execute, broadly, on expanding environmental finance products and services. Additionally, the candidate will assist in the financial modeling, marketing, acquisition and initial underwriting of loans, tax equity investments, and tax credit purchases that will finance renewable energy projects and other clean infrastructure across the country. Investments are made through U.S. Bancorp Community Development Corporation, doing business as U.S. Bancorp Impact Finance, affiliates, or subsidiaries for the purpose of accruing tax, cash, and other benefits.
The Business Development Associate is responsible for providing a broad variety of duties which would include assisting Business Development Officers in reviewing new technologies and financial products, project investment proposals, analyzing complex cash and tax investment schedules, and supporting various corporate and business line strategic initiatives.

BASIC QUALIFICATIONS

• Typically Bachelor’s degree and eight or more years of related experience

OR

• MBA/JD with five or more years of directly related experience

Preferred Skills/Experience

• In-depth knowledge of the Inflation Reduction Act, renewable energy tax credit programs and structures.
• In-depth knowledge of construction/term project finance lending and related products.
• Prior analyst/underwriting experience
• Proficiency in building and running project finance models for the purpose of sizing debt and/or tax equity.
• Well-developed analytical skills; ability to simplify and distill complex problems and issues.
• Understanding of critical aspects of renewable energy project economics and emerging clean infrastructure technologies, which shall include equipment and performance review as well as a baseline understanding of U.S. energy markets including regulatory structures, physical and synthetic forms of power agreements and derivatives, as well as renewables-focused regional incentives.
• Detailed knowledge of critical banking processes and procedures, including credit policy review and approval.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of renewable energy.
• Strong project management skills, including ability to communicate well, and identify obstacles and solutions, and a motivated self starter

U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

ESSENTIAL FUNCTIONS:

• Develop, review, analyze, seek approval for, and launch new environmental finance products.
• Research markets and develop white papers for new product and technology development and areas to expand investment within traditional renewable energy.
• Keep environmental finance team updated on Inflation Reduction Act guidance, proposals, and modifications Advise on strategic decisions with respect to the Inflation Reduction Act and other policies aimed to stimulate renewable energy or clean energy infrastructure.
• Review investment, loan, or tax credit purchase proposals for the purposes of evaluating new structures and new investment opportunities.
• Prepare internal presentations and other materials for internal and external stakeholders and customers.
• Consider strategic initiatives and goals while making investment and product decisions
• Assists in facilitating the transition of originated investments and new products to other internal teams.
• Efficiently prioritizes and completes a multitude of complex projects often on short timelines. Participates in special projects as assigned.

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 la