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Impact Finance - Affordable Housing Asset Manager

U.S. Bank National Association
St. Louis, MO Full Time
POSTED ON 11/23/2023 CLOSED ON 12/20/2023

What are the responsibilities and job description for the Impact Finance - Affordable Housing Asset Manager position at U.S. 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 has multiple levels, open to candidates with 5 years related experience. The successful candidate will be hired for the level of the position that aligns with their experience.

Responsible for management and monitoring of a portfolio of commercial real estate 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.

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
  • Some knowledge of LIHTC, HTC and/or NMTC 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, community investment, and environmental financing division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. USBIF provides financial solutions for affordable housing, economic development, and renewable energy projects that create lasting social and environmental impact for people and the planet. Visit USBIF on the web to find out more at Community Development Financing Solutions | U.S. Bank (usbank.com).

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.


INDMO

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.


Benefits:

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 law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,480.00 - $108,800.00 - $119,680.00

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.

Salary : $92,480 - $108,800

Asset Manager
Affordable Equity Partners, Inc. -
Columbia, MO

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