Senior Asset Manager – Affordable Housing

• Manage and monitor a development portfolio of commercial real estate loans and equity investments
• Ensure benefit delivery to investors while maintaining superior customer service for external clients
• Maintain and expand relationships with partners, borrowers, and other external parties
• Review audits and financial statements to assess investment quality and risk
• Review construction draw packages and assess construction investment and lending risk
• Monitor portfolio performance and assign risk ratings in accordance with policy
• Complete site inspections and meetings with partners to ensure program compliance and asset/loan quality
• Review and interpret operating agreements, loan agreements, and other legal documents
• Prepare internal written and verbal reporting on portfolio performance
• Ensure assigned investment projects adhere to U.S. Bancorp policies, procedures, and regulatory requirements
• Keep current on tax credit policies, banking laws and regulations, economic and industry trends, and banking products and services related to asset management

• Typically Bachelor's degree, or equivalent work experience
• Typically six or more years of related experience
• Thorough understanding of tax credit investment management with experience interpretating legal documentation and requirements
• General real estate background preferred
• Knowledge of LIHTC preferred
• Well-developed analytical and problem-solving skills
• Effective interpersonal, verbal and written communication skills
• Strong relationship management abilities
• Highly motivated, able to work independently, and possesses acute attention to detail
• Master's degree and/or CPA preferred
• Ability to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies
• Applicants must be able to complete applicable employment eligibility verification and background-check requirements

Demonstrates expertise in managing commercial real estate loans and equity investments, with a strong focus on tax credit investment management and compliance with U.S. Bancorp policies. Possesses well-developed analytical skills and effective communication abilities to maintain relationships with partners and clients.

• Tax Credit Investment Management
• Commercial Real Estate Loans
• Analytical Skills
• Relationship Management
• Legal Document Interpretation

• Portfolio Management
• Risk Assessment
• Financial Statement Review"
• Construction Draw Package Review
• Site Inspections
• Investment Quality Assessment
• Regulatory Compliance
• Audit Review
• Loan Agreement Review
• Performance Monitoring

• Interpersonal Skills
• Verbal Communication
• Written Communication
• Problem-Solving Skills
• Attention to Detail

• Master's Degree
• CPA

• LIHTC
• U.S. Bancorp Policies
• Banking Laws
• Economic Trends
• Asset Management