Impact Finance - Affordable Housing Asset Management Coordinator

U.S. Bank • Saint Louis, MO

2d • Hybrid

About The Position

Will act as a coordinator for a portfolio of Low Income Housing Tax Credit investments, monitoring customer requests as they are received and assigning tasks, as applicable. Assisting members of the asset management team in the management and review of a portfolio of 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 within portfolio. Monitors portfolio performance and assigns risk ratings in accordance with policy. 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. Participates in the establishment of policies and procedures necessary for accomplishing the team's tasks.

Requirements

• Typically Bachelor's degree, or equivalent work experience
• Typically two or more years of related experience
• Some knowledge of tax credit investment management with experience interpreting legal documentation and requirements.
• Well-developed analytical and problem-solving skills
• Strong interpersonal, written and verbal communication skills
• Highly motivated, able to work independently, and possesses acute attention to detail
• Strong customer services skills
• Proficient Microsoft Excel skills

Nice To Haves

• Some knowledge of LIHTC, RTC and/or NMTC preferred

Responsibilities

• Act as a coordinator for a portfolio of Low Income Housing Tax Credit investments, monitoring customer requests and assigning tasks.
• Assist in the management and review of a portfolio of investments to ensure benefit delivery to investors and maintain superior customer service.
• Maintain and expand relationships with partners, borrowers, and other external parties.
• Monitor portfolio performance and assign risk ratings.
• Review and interpret operating agreements, loan agreements, and other legal documents.
• Prepare internal written and verbal reporting on portfolio performance.
• Ensure assigned investment projects adhere to U.S. Bancorp policies and procedures and conform to regulatory requirements.
• Stay current on tax credit policies, banking laws and regulations, economic and industry trends, and banking products and services.
• Participate in the establishment of policies and procedures for the team.

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