U.S. Bank Real Estate Portfolio Financial Analyst - CDC in SAINT LOUIS, Missouri
For more than 20 years, U.S. Bancorp Community Development Corporation (USBCDC) and its predecessor institutions have worked closely with partners to make positive financial, social, and environmental impacts across the country. A wholly owned subsidiary of U.S. Bank, N.A., USBCDC makes and manages equity investments to finance community development initiatives using state and federal tax credit programs, including New Markets Tax Credits, Historic Tax Credits, Renewable Energy Tax Credits, and Low-Income Housing Tax Credits. We're also a prominent tax credit syndicator. More information about USBCDC can be found on the web at www.usbank.com/cdc.
USBCDC is currently seeking a strong candidate to join our growing team of tax credit professionals. The candidate would provide broad support for US Bank Community Development Corporation’s (CDC) risk assessment and analysis of tax credit investments. This individual will assist in all aspects of financial analysis and compliance administration for a portfolio of Low Income Housing Tax Credit (LIHTC), Historic Tax Credit (HTC) or New Market Tax Credit (NMTC) investments. This individual will be making judgments and decisions with regard to the compliance status and financial performance of US Bank CDC investments. They will recommend remedial action and support portfolio risk rating decisions based on the assessment of each investment’s ongoing compliance (operations, tax, programmatic, and financial).
Real Estate Financial Analysts are responsible for tracking, reviewing and inputting annual operating budgets, quarterly financial statements, and annual financial audits into internal US Bank CDC data systems. Formats of source documents and financial statements are not always standardized and require insight and analysis to interpret and input correctly into database fields.
Real Estate Financial Analysts are responsible for programmatic reporting on LIHTC, NMTC, and HTC investments. The individual will monitor ongoing investment qualifications and performance to support risk assessment and compliance with government programs and bank agreements.
Real Estate Financial Analysts are responsible for effectively communicating financial and compliance performance to the Operations Management and Asset Management teams (including debt service coverage analysis, analysis of investment guarantors, compliance requirements and reporting requirements).
Real Estate Financial Analysts are integral in managing and tracking tax credit investment data within US Bank CDC internal databases. The individual will need to properly interpret and translate elements of legal documents and financial statements in order to properly record and track investments within the database.
Real Estate Financial Analysts communicate with external investment partners, legal counsel, accounting professionals and US Bank CDC Asset Management to facilitate investment documentation and analysis. The individual will be responsible for evaluating the completeness and accuracy of various documents for CDC investments and be responsible for remedying when necessary.
Your Career is Here.
• Bachelor’s degree in Business Administration, Accounting, or Finance
• Minimum experience of 2 years in accounting, finance, real estate, banking or related field
• Demonstrate a track record of detail oriented business support
• Highly proficient in Microsoft Excel and Word
• Experience managing customer relationships and communicating effectively with external customers and business partners
• Highly proficient in reading, understanding and analyzing financial statements (Income Statement, Balance Sheet, Statement of Cash Flow)
• Knowledgeable of relational database structure and data management
• Prior knowledge of real estate documentation or property management
Job: Accounting / Finance
Primary Location: Missouri-MO-Saint Louis
Shift: 1st - Daytime
Average Hours Per Week: 40
Requisition ID: 170038073
U.S. Bank is an Equal Opportunity Employer committed to creating a diverse workforce.