Impact Finance - Affordable Housing - Asset Manager at US Bank National Association
Illinois, Illinois, USA -
Full Time


Start Date

Immediate

Expiry Date

12 Jun, 25

Salary

0.0

Posted On

12 Mar, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

External Clients, Site Inspections, Reviews, Affordable Housing, Risk, Investments, Construction, Loans, Asset Management, Investment Management, Investors, Economic Development, Operating Agreements, Customer Service, Regulatory Requirements, Regulations

Industry

Financial Services

Description

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.

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 preferred
  • Knowledge of and experience with LIHTC preferred
  • Well-developed analytical and problem-solving skills
  • 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.
Responsibilities

THIS ROLE HAS MULTIPLE LEVELS, OPEN TO CANDIDATES WITH 5+ YEARS OF RELATED EXPERIENCE. THE SUCCESSFUL CANDIDATE WILL BE HIRED FOR THE LEVEL OF THE POSITION THAT ALIGNS WITH THEIR EXPERIENCE.

U.S. Bancorp Impact Finance is hiring for an Asset Manager (AM) for our Affordable Housing team. The Asset Manager is responsible for management and monitoring of a portfolio of Low Income Housing Tax Credit (LIHTC) loans and equity investments to ensure benefit delivery to investors and while maintaining superior customer service for external clients. Maintains and expands relationships with partners, borrowers, and other external parties associated with assigned portfolio. Performs reviews of audits and financial statements to assess investment quality and risk. Performs reviews of construction draw packages and assessment of construction investment and lending risk. Monitors portfolio performance and assigns risk ratings in accordance with policy. 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 in order to protect the divisions rights and financial interests. Prepares internal written and verbal reporting on portfolio performance. 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.

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
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