Impact Finance: Syndications RETC Business Development Associate

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

The Syndications Business Development Associate (BDA) for Renewable Energy Tax Credits (RETCs) will be responsible for supporting the RETC Business Development Officers (BDOs) in securing commitments from new and existing investors to invest in renewable energy tax equity investments and/or credits from U.S. Bancorp Impact Finance (USBIF). The BDA will help manage key internal and external relationships and communication, including the preparation of detailed fund and investor marketing materials and pipelines. The BDA will communicate regularly with U.S. Bank Lines of Business and external consultants to identify potential investor prospects for the BDOs to pursue. The BDA will coordinate with teams across the USBIF Syndication platform to ensure efficient collaboration and servicing of investor needs. The BDA will also work with USBIF accounting, compliance and internal and external legal on potential new structures, tax credit types/technologies and products, including tax credit transferability. This role requires a solid understanding of the RETC and tax credit transfer program, excellent customer relationship skills, strong collaboration with the RETC origination team and effective communication to manage important internal and external relationships.

SUMMARY OF ESSENTIAL JOB FUNCTIONS

A successful candidate for the BDA position will demonstrate the ability or potential to:

• Assist in managing communication with new and existing investors that result in secured RETC equity commitments, including preparation of marketing materials and pipelines that detail investment structure and financial benefits
• Support BDOs by coordinating with tax, accounting, and other internal functions on new structures, tax credit types/technologies and product opportunities, including tax credit transferability
• Serve as lead coordinator and liaison for tax insurance underwriting, due diligence and closing executions with third party brokers and insurance providers
• Communicate with U.S. Bank relationship managers and external consultants on prospective investor opportunities; perform follow up investor due diligence as required
• Research and propose expanded avenues for investor outreach and marketing
• Collaborate effectively with teams across Syndication platform, RETC Production, Asset Management and other groups throughout USBIF
• Assist Syndications project management and fund management teams in closing RETC investment and managing post-close activities as needed
• Engage in moderate travel to meet with investors and attend industry conferences and trainings

BASIC QUALIFICATIONS

• Bachelor’s degree in finance or accounting, or equivalent work experience or MBA/JD with three or more years of directly related experience in financial services and/or environmental finance

PREFERRED SKILLS/EXPERIENCE

• One year of USBIF experience, or comparable work experience
• Self-starter with positive attitude and ability to work in fast paced environment with minimal direction
• Excellent communication, customer relationship, organization and collaboration skills
• Solid understanding of environmental finance and/or RETC transactions including tax credit transferability
• Proficient understanding and communicating of financial models based on IRR and XIRR
• Strong technical skills including financial modeling via MS Excel, presentation development via MS PowerPoint, email communication via MS Outlook, documentation creation and review via MS Word and Salesforce CRM management
• This role offers a hybrid/flexible schedule, which means there’s an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
  If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

• 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