The Director of Multi-Asset Exits will manage the simultaneous unwind of syndicated investment funds and lower tier tax credit transactions, as well as direct investments of U.S. Bank Impact Finance. The Director will:Negotiate investor exits from equity investments that involve one or more of Low Income Housing Tax Credits (LIHTC), Renewable Energy Investment Tax Credits (REITC), Historic Tax Credits (HTC) and New Market Tax Credits (NMTC) held by U.S. Bancorp Impact Finance and its syndicated ... 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
The Director of Multi-Asset Exits will manage the simultaneous unwind of syndicated investment funds and lower tier tax credit transactions, as well as direct investments of U.S. Bank Impact Finance. The Director will:
- Negotiate investor exits from equity investments that involve one or more of Low Income Housing Tax Credits (LIHTC), Renewable Energy Investment Tax Credits (REITC), Historic Tax Credits (HTC) and New Market Tax Credits (NMTC) held by U.S. Bancorp Impact Finance and its syndicated investors.
- Structure the unwind to ensure expected benefit delivery to investors while managing relationships with and delivering superior customer service to project sponsors, investors and internal stakeholders.
- Ensure internal alignment across business lines and finance regarding decisions that will impact relationships and financial returns.
- Engage third party professionals (attorneys, accountants, etc.) to coordinate the collection, review, and drafting of documents necessary to exit the investments.
- Perform reviews of audits and financial statements to assess investment quality, financial performance and current value.
- Review and interprets operating agreements, loan agreements and other legal documents relating to equity investments and loans in order to protect the rights and financial interests of U.S. Bancorp and its syndication customers.
- Prepare internal written documentation (pre-flight and credit memo, waivers and modifications) and provide regular updates on the exit pipeline and its financial impact.
- Ensure that the exit from tax credit projects adheres to U.S. Bancorp policies and procedures and conforms to regulatory requirements.
- Participate in the establishment of policies and procedures appropriate for managing risk within the process of exiting investments.
- 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.
Basic Qualifications
- Bachelor's or Master’s degree in finance, accounting, real estate or related field
- Ten or more years of experience managing exits for multiple tax credit types (LIHTC, HTC, NMTC and RETC)
Preferred Skills/Experience
- MBA/J.D. (or similar) preferred
- Advanced understanding of NMTC, HTC, LIHTC or REITC tax credit investment and management
- Ability to interpret legal, regulatory and company risk policy documentation
- Strong knowledge of real estate and construction finance, property management, financial analysis and accounting
- Extensive negotiation experience and exceptional analytical and problem-solving skills
- Effective interpersonal, verbal and written communication skills
- Highly adept at relationship management
- Motivated, able to work independently, curious and detail-oriented
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: $159,630.00 - $187,800.00 - $206,580.00
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.
