Responsible for the origination of LIHTC investments that will support the development of affordable housing/community and economic development projects across the country. Builds and actively maintains relationships with project sponsors, consultants, community stakeholders, lenders and other industry partners. Sources, structures, negotiates, and transitions LIHTC equity investments to meet Impact Finance’s production goals. Responsible for managing the credit quality of the transactions origi... more details
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 the origination of LIHTC investments that will support the development of affordable housing/community and economic development projects across the country. Builds and actively maintains relationships with project sponsors, consultants, community stakeholders, lenders and other industry partners. Sources, structures, negotiates, and transitions LIHTC equity investments to meet Impact Finance’s production goals. Responsible for managing the credit quality of the transactions originated and advancing the set pricing strategy. Collaborates closely with various internal functions including Project and Asset management, Syndications, Finance, Lending, Business Impact and Environmental, Social, and Governance (ESG) groups.
Basic Qualifications
- Typically a Bachelor's degree, or equivalent work experience
- Typically 10 or more years of financial services experience
- Typically three or more years of management or direct tax credit business development experience
Preferred Skills/Experience
- Master's or equivalent advanced degree in business, law, finance or accounting
- Advanced knowledge of and ability to communicate effectively about the LIHTC program, tax and accounting concepts, or partnership law
- Ability to bring an established affordable housing developer client portfolio to U.S. Bank, through years of experience cultivating relationships
- Bring strong relationships with you, and/or experience with raising capital from institutional investors in the affordable housing space
- Ability to identify obstacles and manage expectations, both internally and externally
- Demonstrated leadership presence and ability to problem solve and propose nuanced deal structures using technical expertise
- Strong customer relationship skills and effective collaboration across teams
- Ability to travel extensively to meet with project sponsors/developers/community partners/investors and attend industry conferences
- Prior sales or business development experience desirable
- Prior underwriting experience and proficiency in building and reviewing project financial models
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/cdc.
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.
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
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.
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: $165,325.00 - $194,500.00 - $213,950.00
Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.
