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

U.S. Bancorp Impact Finance is currently seeking a strong candidate to join our growing team of tax credit professionals. The candidate will primarily assist in originating, underwriting and closing of investments in multi-investor funds using the IRS Section 42 Low Income Housing Tax Credit Program (LIHTC), which facilitates the development of affordable housing throughout the country. Investments are made through U.S. Bancorp Community Development Corporation, affiliates, or subsidiaries for the purpose of accruing tax, cash, and CRA benefits. The Funds Project Manager is responsible for providing a broad variety of duties for the affordable housing tax credit production group. Position requires frequent use of PC software packages for word processing, spreadsheets, databases, etc.

ESSENTIAL FUNCTIONS:
1. Communicate, meet and negotiate with external customers and internal partners to gather information and assist in underwriting multi-investor fund investments and structuring equity proposals.
2. Analyze and summarize components of LIHTC multi-investor fund investment packages for Business Development.
3. Assist in the development, underwriting and closing of new products.
4. Compile and analyze information for an assigned investment and make recommendations based on findings.
5. Collect and interpret data to produce reports related to acquiring and underwriting LIHTC investments.
6. Prepare high quality credit approval memos in support of the proposed investments while identifying the strengths, weaknesses, risks and mitigants; advocate for approval to make investments while leading a balanced discussion among reviewers.
7. Lead the closing of all transactions originated including working with external and internal teams to obtain final credit approval, achieving timely closing and keeping management informed.
8. Assist in the successful transition associated with making investments into multi-investor funds within USBCDC.
9. Efficiently prioritize and complete a multitude of projects.
10. Process a variety of confidential information and documents.
11. Assist with research on and reports from internal and external databases and maintain investment pipeline.
12. Participate in special projects as assigned.
13. Collaborate effectively with teams across Affordable Housing, Syndications and other groups throughout USBIF

Basic Qualifications
- Typically Bachelor's degree and six or more years of related experience
OR
- MBA/JD with three or more years of directly related experience

Preferred Qualifications:
1. A major in Economics, Finance, Accounting, Real Estate or Urban/Regional Planning and Development.
2. Five or more years of experience in commercial real estate activities.
3. Three or more years in business development, underwriting, asset management or affordable housing finance
4. Self-starter with an interest in community development and finance. This position is viewed as having upward potential based on performance and growth.
5. Well-developed reading, writing, verbal presentation, and mathematical skills.
6. Excellent time management skills, with the ability to effectively handle multiple tasks, and work under deadlines.
7. Ability to interpret data and identify issues.
8. Well-developed analytical and problem-solving skills.
9. Proficient computer skills, especially Microsoft Office applications and financial spreadsheets.

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.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• 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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $111,605.00 - $131,300.00 - $144,430.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.