Impact Finance - New York, United States - U.S. Bank National Association

U.S. Bank National Association

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

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.

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 (preflight 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 problemsolving skills
Effective interpersonal, verbal and written communication skills
Highly adept at relationship management
Motivated, able to work independently, curious and detailoriented

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.

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
Shortterm and longterm disability
Pregnancy disability and parental leave
401(k) and employerfunded 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.

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