Impact Finance - New Markets Tax Credit Asset Manager
About The Position
Responsible for management and monitoring of a portfolio of commercial real estate loans and equity 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 with assigned portfolio. Performs reviews of audits and financial statements to assess investment quality and risk. Performs reviews of construction draw packages and assessment of construction investment and lending risk. Monitors portfolio performance and assigns risk ratings in accordance with policy. Completes site inspections and meetings with partners to ensure program compliance and asset/loan quality. 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.
Requirements
- Typically Bachelor's degree, or equivalent work experience
- Typically four or more years of related experience
Nice To Haves
- Good understanding of tax credit investment management with experience interpreting legal documentation and requirements
- General real estate background preferred
- Some knowledge of LIHTC, RETC, HTC and/or NMTC preferred
- Effective analytical and problem-solving skills
- Effective interpersonal, verbal and written communication skills
Responsibilities
- Management and monitoring of a portfolio of commercial real estate loans and equity investments.
- Ensure benefit delivery to investors and maintain superior customer service for external clients.
- Maintain and expand relationships with partners, borrowers, and other external parties.
- Perform reviews of audits and financial statements to assess investment quality and risk.
- Perform reviews of construction draw packages and assessment of construction investment and lending risk.
- Monitor portfolio performance and assign risk ratings in accordance with policy.
- Complete site inspections and meetings with partners to ensure program compliance and asset/loan quality.
- Review and interpret operating agreements, loan agreements and other legal documents.
- Prepare internal written and verbal reporting on portfolio performance.
- Ensure assigned investment projects adhere to U.S. Bancorp policies and procedures and conform to regulatory requirements.
- Keep 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.
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
