Impact Finance - Transition Manager

U.S. Bank • Saint Louis, MO

4d • 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 Responsible for oversight of onboarding activities regarding tax credit investments, syndications, and loans made by U.S. Bancorp Impact Finance. Transitions new tax credit investments, syndications and loans from production to operations. Develops, leads and directs training of Transition Associates with respect to tax credit program requirements, tax credit multi-tier finance investment structures, database functionality, interdepartmental processes and control activities. Ensures key compliance processes related to SOX, OFAC, CRA and other controls are met per procedures.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically five to seven years of relevant experience in accounting, business administration, real estate or as a Paralegal

Nice To Haves

• Typically, five to seven years of experience in the tax credit industry, community development
• Good knowledge and understanding of multiple tax credit investment, syndication and loan products and department processes, multi-tiered tax credit finance structures, loan and commercial real estate documents
• Experience and knowledge of IRC sections 42, 45D, 47 and 48
• Well-developed analytical and problem-solving skills
• Effective interpersonal, verbal and written communication skills
• Strong time management skills with the ability to multitask in fast-paced, dynamic environment
• Proficient computer and database skills
• Effective leadership skills

Responsibilities

• Responsible for oversight of onboarding activities regarding tax credit investments, syndications, and loans made by U.S. Bancorp Impact Finance.
• Transitions new tax credit investments, syndications and loans from production to operations.
• Develops, leads and directs training of Transition Associates with respect to tax credit program requirements, tax credit multi-tier finance investment structures, database functionality, interdepartmental processes and control activities.
• Ensures key compliance processes related to SOX, OFAC, CRA and other controls are met per procedures.

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
• Number of Employees: 5,001-10,000 employees