U.S. Bank

Impact Finance Affordable Housing - Project Manager

U.S. Bank$98K — $115K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree plus five or more years of related experience, OR MBA/JD with one or more years relevant experience.
  • Understand basic risk assessment and investment return evaluation.
  • Familiarity with construction finance and legal requirements.
  • Background in real estate preferred.
  • Knowledge of Low-Income Housing Tax Credits (LIHTC) is advantageous.

Responsibilities

  • Negotiate and structure debt and equity investments utilizing LIHTC.
  • Manage relationships with customers and internal business development teams.
  • Coordinate third-party professionals for document drafting and financial projections.
  • Prepare and fund initial closing funds for loans.
  • Transition closed loans to portfolio management for ongoing oversight.
  • Establish policies and procedures for group operations.

Benefits

  • Comprehensive healthcare coverage including medical, dental, and vision.
  • Life insurance options available for employees.
  • Short-term and long-term disability coverage offered.
  • Paid parental leave and pregnancy disability benefits included.
  • Employer-matched 401(k) and a retirement plan available.
  • Generous paid vacation policy based on tenure, ranging from two to five weeks.
  • Maximum of 11 paid holidays annually.
  • Adoption assistance program available for employees.
  • Accrued Sick and Safe Leave up to 80 hours per calendar year.
Full Job Description
Job Description

This role has multiple levels, open to candidates with at least 5 years minimum relevant experience, or an MBA/JD with 1+ years relevant experience. The successful candidate will be hired for the level of the position that aligns with their experience.

The Impact Finance AH Project Manager negotiates, structures, underwrites, and closes debt and equity investments that utilize Low-Income Housing Tax Credits (LIHTC), in market areas serviced by U.S. Bancorp Impact Finance. They will manage relationships with customers and internal Production and/or Syndications Business Development Officers in negotiating terms of construction lending and equity investments. This position engages third party professionals in coordinating the drafting, collection, and review of documents and financial projections necessary to close the lending opportunities and support the Bank's investments. They will coordinate with internal employee teams in preparing and funding initial closing funds and transition closed loans to the portfolio management and asset/fund management departments for ongoing maintenance and management. Additionally, they participate in the establishment of policies and procedures necessary for accomplishing the group's tasks.

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

Preferred Skills/Experience
- Basic knowledge of risk assessment and evaluating targeted returns from investments
- Some knowledge of construction finance, legal documentation and requirements, real estate property management, and accounting
- General real estate background preferred
- Some knowledge of LIHTC, RETC, HTC and/or NMTC preferred
- Well-developed analytical and problem-solving skills
- Effective interpersonal, verbal and written communication skills

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.

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:
  • 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


Review our full benefits available by employment status here.

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: $98,175.00 - $115,500.00

Posting may be closed earlier due to high volume of applicants.

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Learn more about U.S. Bank
Size
68,796 employees
Market Cap
$66.2 billion
Industry
Net Income
$4.9 billion
5 Year Trend
+0.5%
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