Impact Finance Affordable Housing - Project Manager

U.S. Bank • Saint Louis, MO

6d • Hybrid

About The Position

This role has multiple levels, open to candidates with at least 5 years minimum relevant experience, or an MBA/JD with 1+ years relevant experience. The successful candidate will be hired for the level of the position that aligns with their experience. The Impact Finance AH Project Manager negotiates, structures, underwrites, and closes debt and equity investments that utilize Low-Income Housing Tax Credits (LIHTC), in market areas serviced by U.S. Bancorp Impact Finance. They will manage relationships with customers and internal Production and/or Syndications Business Development Officers in negotiating terms of construction lending and equity investments. This position engages third party professionals in coordinating the drafting, collection, and review of documents and financial projections necessary to close the lending opportunities and support the Bank’s investments. They will coordinate with internal employee teams in preparing and funding initial closing funds and transition closed loans to the portfolio management and asset/fund management departments for ongoing maintenance and management. Additionally, they participate in the establishment of policies and procedures necessary for accomplishing the group's tasks.

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.
• Basic knowledge of risk assessment and evaluating targeted returns from investments.
• Some knowledge of construction finance, legal documentation and requirements, real estate property management, and accounting.
• Well-developed analytical and problem-solving skills.
• Effective interpersonal, verbal and written communication skills.

Nice To Haves

• General real estate background preferred.
• Some knowledge of LIHTC, RETC, HTC and/or NMTC preferred.

Responsibilities

• Negotiates, structures, underwrites, and closes debt and equity investments that utilize Low-Income Housing Tax Credits (LIHTC).
• Manages relationships with customers and internal Production and/or Syndications Business Development Officers in negotiating terms of construction lending and equity investments.
• Engages third party professionals in coordinating the drafting, collection, and review of documents and financial projections necessary to close lending opportunities and support the Bank’s investments.
• Coordinates with internal employee teams in preparing and funding initial closing funds.
• Transitions closed loans to the portfolio management and asset/fund management departments for ongoing maintenance and management.
• Participates in the establishment of policies and procedures necessary 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