Impact Finance - New Markets & Historic Tax Credit Asset Management Coordinator

U.S. Bank • St. Louis, MO

11d • Hybrid

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. Job Description Will act as a coordinator for a portfolio of New Market 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. U.S. Bancorp Community Development Corporation d/b/a U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/usbif. Location Expectations The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants. 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.

Requirements

• Typically Bachelor's degree, or equivalent work experience
• Typically two or more years of related experience

Nice To Haves

• 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
• Some knowledge of LIHTC, RTC and/or NMTC preferred
• Strong customer services skills
• Proficient Microsoft Excel skills

Responsibilities

• Will act as a coordinator for a portfolio of New Market 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.

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