Impact Finance Syndication - Federal LIHTC & NMTC Project Manager

Overview

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.

This role has multiple levels, open to candidates with Bachelor’s degree and 6+ years of related experience OR an MBA/JD with 3+ years of relevant work experience. The successful candidate will be hired for the level of the position that aligns with their experience. Please note that the salary range provided corresponds to the lowest level of the position posted.

U.S. Bancorp Impact Finance (USBIF) is currently seeking a candidate to join our growing team of tax credit syndication professionals as a Project Manager (PM). The PM’s responsibilities include underwriting, structuring, negotiating, and closing complex equity and debt investments with tax equity investors utilizing Low Income Housing Tax Credits (LIHTC) and/or New Markets Tax Credits (NMTC). The PM will prepare and negotiate legal documentation, prepare financial models, provide due diligence deliverables, obtain credit approval, and close investments.

• Participate and support syndications Business Development Officers in the early-stage review of potential investments, complex deal structures, programs, and partners.
• Engage and manage third party professionals including attorneys, accountants and consultants.
• Review complex legal documents pertaining to structured credit arrangements and investments. Works with counsel and business partners to negotiate with investors and manage risks on behalf of USBIF.
• Prepare, review, analyze and negotiate financial models and address investor questions and requests.
• Prepare and provide diligence materials requested by investors, counsel and/or consultants in furtherance of investor’s internal and external approval processes.
• Reviews, analyzes and responds to questions or requests regarding the investment structure, underlying projects and/or USBIF.
• Prepare, submit and obtain internal investment approvals.
• Successfully transition closed investments to Syndication Fund Managers for ongoing management and investor relations.
• Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments.
• Close transactions in accordance with bank policies while managing customer expectations and timelines.
• Participate in special projects, including the development and revision of internal policies and procedures, cross-functional and departmental efficiencies and strategic product development.
• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, and information security policies and procedures. Follow account opening procedures and internal suspicious activity referral requirements and processes.

• Typically Bachelor’s degree and six or more years of related experience OR MBA/JD with three or more years of directly related experience

• Experience with in the affordable housing and/or new market tax credit industries.
• Thorough understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
• Knowledge of or experience with financial modeling techniques and/or legal document negotiation.
• Ability to lead projects, mentor junior employees.
• Strong knowledge of construction finance, legal documentation, real estate property management, and accounting.
• Advanced ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents. Able to identify key issues and concerns, manage review timelines, and problem solve using…