Impact Finance - Affordable Housing Asset Manager

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

Responsible for management and review of a portfolio of tax credit equity investments and loans made through U.S. Bancorp Impact Finance. Investments include Affordable Housing (LIHTC) Investments which provide tax and CRA benefits to the organization, as well as permanent loans on Affordable Housing properties. Maintains and expands relationships with partners, borrowers, and other external parties associated with assigned portfolio by ensuring benefits are delivered while maintaining superior customer service.

Primary responsibilities include but are not limited to:

• Performs reviews of audits and financial statements to assess investment quality and risk.
• Monitors portfolio performance and assigns risk ratings in accordance with policy. Works with partners to create action plans and monitor projects for improved project performance.
• Completes site inspections and meetings with partners to ensure program compliance and asset/loan quality.
• Reviews and interprets operating agreements, loan agreements and other legal documents relating to equity investments and loans to protect the divisions rights and financial interests.
• Prepares internal written and verbal reporting on portfolio performance, constructing arguments that display critical thinking
• Ensures that assigned investment projects adheres to U.S. Bancorp policies and procedures and conforms to regulatory requirements.
• Responsible for keeping current on various tax credit policies, banking laws and regulations, economic and industry trends, and banking products and services related to asset management of investments and loans.
• Prioritizes competing tasks while continuing to meet all deadlines.
• Participates in special projects to increase team’s efficiency or client satisfaction.
• Monitors project insurance, reserves, capital accounts, etc.
• Invoices and collects Asset Management Fees from partners.
• Facilitates equity installment fundings.
• Makes determination on loan covenant compliance and other compliance related items.
• Works with various internal departments to facilitate loan payments, open bank accounts, and syndicate deals to investors.
• Creates a plan for maturing loans, including possible refinancing/re-syndication.
• Forecasts monthly revenue for portfolio.

BASIC QUALIFICATIONS

• Typically Bachelor’s degree, or equivalent work experience
• Typically five or more years of related experience

Preferred Skills/Experience

• Thorough understanding of tax credit investment management with experience interpretating legal documentation and requirements
• General real estate background
• Knowledge of LIHTC
• Well-developed analytical and problem-solving skills; ability to complete financial analysis on real estate deals
• Effective interpersonal, verbal and written communication skills
• Good relationship management abilities
• Highly motivated, able to work independently, and possesses acute attention to detail

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.

Primary responsibilities include but are not limited to:

• Performs reviews of audits and financial statements to assess investment quality and risk.
• Monitors portfolio performance and assigns risk ratings in accordance with policy. Works with partners to create action plans and monitor projects for improved project performance.
• Completes site inspections and meetings with partners to ensure program compliance and asset/loan quality.
• Reviews and interprets operating agreements, loan agreements and other legal documents relating to equity investments and loans to protect the divisions rights and financial interests.
• Prepares internal written and verbal reporting on portfolio performance, constructing arguments that display critical thinking
• Ensures that assigned investment projects adheres to U.S. Bancorp policies and procedures and conforms to regulatory requirements.
• Responsible for keeping current on various tax credit policies, banking laws and regulations, economic and industry trends, and banking products and services related to asset management of investments and loans.
• Prioritizes competing tasks while continuing to meet all deadlines.
• Participates in special projects to increase team’s efficiency or client satisfaction.
• Monitors project insurance, reserves, capital accounts, etc.
• Invoices and collects Asset Management Fees from partners.
• Facilitates equity installment fundings.
• Makes determination on loan covenant compliance and other compliance related items.
• Works with various internal departments to facilitate loan payments, open bank accounts, and syndicate deals to investors.
• Creates a plan for maturing loans, including possible refinancing/re-syndication.
• Forecasts monthly revenue for portfolio

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