Impact Finance - Affordable Housing Business Development Associate
About The Position
USBIF is currently seeking a strong Business Development Associate candidate to join our growing team of tax credit professionals. The candidate will assist in the marketing, acquisition and underwriting of loans and equity investments in the IRS Section 42 Low Income Housing Tax Credit Program (LIHTC), which facilitates the development of affordable housing throughout the country. Investments are made through U.S. Bancorp Impact Finance, affiliates, or subsidiaries for the purpose of accruing tax, cash, and CRA benefits. The Business Development Associate is responsible for providing a broad variety of duties for the affordable housing tax credit production group. Position requires frequent use of PC software packages for word processing, spreadsheets, databases, etc.
Requirements
- Typically Bachelor's degree and five or more years of related experience, OR MBA/JD with one or more years of directly related experience.
- Proficient computer skills, especially Microsoft
Nice To Haves
- Self-starter with an interest in community development and finance.
- This position is viewed as having upward potential based on performance and growth.
- Well-developed reading, writing, verbal presentation, and mathematical skills.
- Excellent time management skills, with the ability to effectively handle multiple tasks, and work under deadlines.
- Ability to interpret data and identify issues.
- Well-developed analytical and problem-solving skills.
Responsibilities
- Communicate, meet, and negotiate with external customers and internal partners to gather information and assist in underwriting LIHTC transactions and structuring debt and equity proposals.
- Analyze and summarize components of LIHTC debt and investment packages for Business Development.
- Compile and analyze information for an assigned project and make recommendations based on findings.
- Collect and interpret data to produce reports related to acquiring and underwriting LIHTC loans and investments.
- Prepare high quality preliminary memos in support of the proposed loans and investments while identifying the strengths, weaknesses, risks and mitigants; advocate for approval to issue a proposal letter while leading a balanced discussion among reviewers.
- Assist in the successful transition associated with acquiring LIHTC loans and investments within USBIF.
- Efficiently prioritize and complete a multitude of projects.
- Process a variety of confidential information and documents.
- Assist with research on and reports from internal and external databases and maintain investment pipeline.
- Participate in special projects as assigned.
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
- Incentive and recognition programs
- Equity stock purchase
- 401(k) contribution and pension
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
