Impact Finance - New Markets Tax Credit Project 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

Negotiates, structures, underwrites, and closes equity investments that utilize New Markets Tax Credit (NMTC) and/or Historic Tax Credits (HTC) programs in market areas serviced by U.S. Bancorp Impact Finance. Manages relationships with customers and internal Business Development Officers in negotiating terms of investments, and is responsible for obtaining credit approval prior to closing. Engages with third party professionals (attorneys, accountants, etc.) in coordinating the drafting, collection, and review of documents and financial projections necessary to close the investments. Coordinates with asset managers in the transition of the investment to the asset management group for ongoing management throughout the term of the investment. Participates in the establishment of policies and procedures necessary for accomplishing the group’s tasks.

BASIC QUALIFICATIONS

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

OR

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

PREFERRED SKILLS/EXPERIENCE

• Understanding of tax credit investments and knowledge of regulatory and company risk policies
• Knowledge/experience with real estate and operating business underwriting, construction finance, legal and real estate documentation, and accounting
• Some knowledge of LIHTC, RETC, HTC and/or NMTC preferred
• Well-developed analytical and problem-solving skills
• Effective interpersonal, verbal and written communication skills
  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.

• 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