Impact Finance - LIHTC Sponsor Underwriter

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.

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The Affordable Housing Guarantor/Sponsor Underwriter works with a team of Project Managers, Business Development Officers, and Asset Managers and specializes in the understanding and underwriting of the business and financial structure of Guarantors/Sponsors of Low Income Housing tax credit investments. The Guarantor/Sponsor usually represents an individual, for-profit, or non-profit entity, or a combination of these, which is/are required to guaranty certain benchmarks related to the Bank's equity and debt investments in the tax credit product listed above.

• Manage relationship with Executives or CFOs of Guarantor(s)/Sponsor(s), as it pertains to corporate or individual financial review.
• Develop and implement an effective approach to information gathering and analysis in the context of understanding the sustainability of the Guarantor(s)/Sponsor(s).
• Gather appropriate financial statements, schedules and corporate structure documents, including but not limited to audits, internally prepared statements, tax returns, bank statements, schedules of real estate or energy property owned, schedule of contingent liabilities, cash flow proformas, etc. from the respective Guarantor(s)/Sponsor(s)
• Conduct in-person, virtual or phone meetings/interviews with company executives and/or CFOs, as well as development and management teams, with an eye to determine the viability of the short-term and long-term business plan, cash position, capitalization strategy, budget vs. current operations, hiring and organizational trends, etc. Discussions should include a focus on risk management within the organization, as well as systems and controls (especially where financial statements are not audited).
• Spread and analyze the financial statements and other related due diligence with a focus on following cash flow and legal obligations in and around the corporate, partnership and individual ownership structures. Determine whether or not the current operating model is sustainable and what, if any, warning signs exist.
• Make recommendation on guarantor structure and/or help shape deal structure.
• Memorialize the recommendation, analysis and financial results in a document that will be incorporated as part of the credit package for the investment.
• The position will also entail understanding and analyzing the various tax credits and related deal structures.

• Typically Bachelor's degree and five or more years of related experience OR
• MBA/JD with one or more years of directly related experience

• CPA Certification preferred, but not required
• Audit or accounting experience with a real estate developer
• Knowledge of, and ability to communicate effectively on, the relevant structure of real estate development, including corporate and partnership structures, financing structures, and tax and accounting concepts
• Familiarity with LIHTC or other forms of finance related to the program
• Strong relationship management skills, with the ability to communicate clearly and concisely.
• Good communication skills; both oral and written. Demonstrated ability to ask pertinent questions, driving to obtain sufficient detail while not being invasive.
• Highly motivated self-starter with good attention to detail and proficient skills with financial spreadsheets and office software.
• Demonstrated ability to motivate others to achieve bank goals. Ability to simplify complex and voluminous information by focusing on key issues, activities and goals and identifying and acting upon a critical path.
• Ability to identify obstacles, manage expectations…