Impact Finance - Affordable Housing Project Manager/Underwriter

US Bank • Minneapolis, MN

132d • $111,605 - $131,300

About The Position

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. The role involves negotiating, structuring, underwriting, and closing equity and debt investments that utilize Low-Income Housing Tax Credits (LIHTC) programs. The position requires managing relationships with customers and internal teams, engaging third-party professionals, and modeling transactions in coordination with financial teams.

Requirements

• Typically Bachelor's degree and six or more years of related experience OR MBA/JD with three or more years of directly related experience.

Nice To Haves

• Thorough understanding of tax credit investment management and knowledge of regulatory and company risk policies.
• Strong knowledge of construction finance, legal documentation and requirements, real estate property management, and accounting.
• General real estate development and/or property management background preferred.
• Well-developed analytical and problem-solving skills.
• Effective interpersonal, verbal and written communication skills.

Responsibilities

• Negotiate, structure, underwrite, and close equity and debt investments utilizing LIHTC programs.
• Manage relationships with customers and internal Production and/or Syndications Business Development Officers.
• Engage third-party professionals in coordinating the drafting, collection, and review of documents and financial projections.
• Model transactions in Excel in coordination with the financial modeling team.
• Coordinate with portfolio managers in preparing and funding initial closing funds.
• Transition investments to portfolio management and asset/fund management departments.
• Participate in establishing policies and procedures for accomplishing the group's tasks.

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
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees