Impact Finance - Affordable Housing Business Development Officer

U.S. Bank National Association • Chicago, IL

3d • Hybrid

About The Position

Responsible for the origination of LIHTC investments that will support the development of affordable housing/community and economic development projects across the country. Builds and actively maintains relationships with project sponsors, consultants, community stakeholders, lenders and other industry partners. Sources, structures, negotiates, and transitions LIHTC equity investments to meet Impact Finance’s production goals. Responsible for managing the credit quality of the transactions originated and advancing the set pricing strategy. Collaborates closely with various internal functions including Project and Asset management, Syndications, Finance, Lending, Business Impact and Environmental, Social, and Governance (ESG) groups.

Requirements

• Bachelor's degree, or equivalent work experience
• 10 or more years of financial services experience
• Three or more years of management or direct tax credit business development experience

Nice To Haves

• Master's or equivalent advanced degree in business, law, finance or accounting
• Advanced knowledge of and ability to communicate effectively about the LIHTC program, tax and accounting concepts, or partnership law
• Ability to bring an established affordable housing developer client portfolio to U.S. Bank, through years of experience cultivating relationships
• Strong relationships with institutional investors in the affordable housing space, and/or experience with raising capital from them
• Ability to identify obstacles and manage expectations, both internally and externally
• Demonstrated leadership presence and ability to problem solve and propose nuanced deal structures using technical expertise
• Strong customer relationship skills and effective collaboration across teams
• Ability to travel extensively to meet with project sponsors/developers/community partners/investors and attend industry conferences
• Prior sales or business development experience desirable
• Prior underwriting experience and proficiency in building and reviewing project financial models

Responsibilities

• Origination of LIHTC investments to support affordable housing/community and economic development projects.
• Build and maintain relationships with project sponsors, consultants, community stakeholders, lenders, and industry partners.
• Source, structure, negotiate, and transition LIHTC equity investments to meet production goals.
• Manage the credit quality of originated transactions.
• Advance the set pricing strategy.
• Collaborate with internal functions including Project and Asset Management, Syndications, Finance, Lending, Business Impact, and ESG groups.

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: Senior