Impact Finance - Transition Associate 1

U.S. Bank • St. Louis, MO

2d • Hybrid

About The Position

Responsible for oversight of onboarding activities regarding tax credit investments, syndications, and loans made by U.S. Bancorp Impact Finance (Impact Finance). Analyzes and interprets legal documentation for complex tax credit investment structures, syndications, and loans. Extracts key information required for successful management of investments throughout the compliance period or loan term, and provides such information to operational divisions of Impact Finance. Supports key compliance processes related to SOX, OFAC, CRA and other controls and reporting.

Requirements

• Bachelor's degree, or equivalent work experience
• Typically three or more years of relevant experience in accounting, business administration, real estate, Paralegal or a similar field
• Well-developed analytical and problem-solving skills
• Ability to comprehend complex financial structures
• Effective verbal and written communication skills, including ability to understand and communicate key business risks
• Strong reading comprehension skills, including the ability to read and comprehend legal text
• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications
• Ability to identify and resolve exceptions and to interpret data
• Ability to manage multiple tasks/projects and deadlines simultaneously

Nice To Haves

• Experience and/or knowledge of IRC sections 42, 45D, 47 or 48 are preferred
• Experience in commercial real estate or tax credit financing is strongly desired

Responsibilities

• Oversight of onboarding activities regarding tax credit investments, syndications, and loans.
• Analyze and interpret legal documentation for complex tax credit investment structures, syndications, and loans.
• Extract key information for successful management of investments throughout the compliance period or loan term.
• Provide extracted information to operational divisions of Impact Finance.
• Support key compliance processes related to SOX, OFAC, CRA and other controls and reporting.

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