Impact Finance - Construction Risk Monitoring Analyst

U.S. Bank • Saint Louis, MO

1d • Hybrid

About The Position

Provides pre-closing construction underwriting support and risk mitigation, along with the review of monthly construction draw requests and construction consultant reports, monitoring construction budgets and risk factors, tracking monthly progress, and making funding recommendations. The US Bancorp Impact Finance (USBIF) portfolio of multifamily commercial loans and tax credit equity investments (the “Assets”) involves Low-Income Housing Tax Credits (LIHTCs) and may also include New Markets Tax Credits (NMTCs) and Historic Tax Credits (HTCs). This position is accountable for reporting on construction performance and risk mitigation to Asset Management, Senior Leadership, and Credit Administration through construction completion of the Assets. Should demonstrate basic analytical and problem-solving skills, along with interpersonal, written and verbal communication skills.

Requirements

• Typically High school diploma or equivalent and four or more years of related experience OR Bachelor's degree and two or more years of related experience
• Basic analytical and problem-solving skills
• Interpersonal, written and verbal communication skills

Nice To Haves

• General disbursing, real estate, or construction background
• Relationship management abilities
• Well-developed written, communication and presentation skills
• Knowledge of LIHTC, NMTC, HTC tax credit programs and/or construction lending
• Advanced knowledge of financial analysis techniques and general accounting procedures
• Well-developed mathematical and analytical skills
• Considerable knowledge of financial analysis, forecasting, and planning
• High attention to detail with ability to interpret data and identify and resolve exceptions

Responsibilities

• Provides pre-closing construction underwriting support and risk mitigation
• Review of monthly construction draw requests and construction consultant reports
• Monitoring construction budgets and risk factors
• Tracking monthly progress
• Making funding recommendations
• Reporting on construction performance and risk mitigation to Asset Management, Senior Leadership, and Credit Administration through construction completion of the Assets

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level