Impact Finance Federal Syndication & State Clearinghouse Project Manager - US Bank : Job Details

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.

U.S. Bancorp Impact Finance (USBIF) is currently seeking a candidate to join our growing team of tax credit syndication professionals as a Project Manager (PM). A portion of the PM's responsibilities include underwriting, structuring, negotiating, and closing complex equity investments with tax equity investors utilizing Federal Low Income Housing Tax Credits (LIHTC) and/or Federal New Markets Tax Credits (NMTC). The other portion of the PM's responsibilities will include underwriting, structuring, negotiating, closing and managing the acquisition and/or sale of state tax credits through our robust State Clearinghouse platform. The PM will prepare legal documentation, prepare financial models, provide due diligence deliverables, obtain credit approval and close and manage investments.

Job Responsibilities

• Participate and support Federal Syndication & State Clearinghouse Business Development Officers in the early‐stage review of potential investments, complex deal structures, programs, and partners.
• Engage and manage third party professionals including attorneys, accountants and consultants.
• Review complex legal documents pertaining to structured credit arrangements and investments.
• Work with counsel and business partners to negotiate with state tax credit sellers and state & federal credit investors and manage risks on behalf of USBIF.
• Prepare, review, analyze and negotiate financial models and address investor questions and requests.
• Prepare and provide diligence materials requested by investors, counsel and/or consultants in furtherance of investor's internal and external approval processes.
• Review, analyze and respond to questions or requests regarding the investment structure, underlying projects and/or USBIF.
• Prepare, submit and obtain internal investment approvals.
• Successfully transition closed Federal investments to Syndication Fund Managers for ongoing management and investor relations.
• Successfully manage closed state credit investments.
• Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments.
• Close transactions in accordance with bank policies while managing customer expectations and timelines.
• Participate in special projects, including the development and revision of internal policies and procedures, cross-functional and departmental efficiencies and strategic product development.
• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti‐Money Laundering, Bank Secrecy Act, and information security policies and procedures.

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

• Experience within the affordable housing, new market tax credit and/or state tax credit industries.
• Thorough understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
• Knowledge of or experience with financial modeling techniques and/or legal document negotiation.
• Ability to lead projects, mentor junior employees.
• Strong knowledge of construction finance, legal documentation, real estate property management, and accounting.
• Advanced ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents.
• Ability to identify key issues and concerns, manage review timelines, and problem solve using creativity and innovation.
• Excellent time management skills with the ability to effectively manage client timelines and needs.
• Ability to identify obstacles and manage expectations, both internally and externally.
• Effective listener and advanced communication skills, both oral and written.
• Highly motivated self-starter who has a good attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
• Ability to work independently as well as collaboratively in a team environment.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of tax credit investments.

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.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws.

U.S. Bank accepts applications for this position on an ongoing basis.