U.S. Bank CDC Affordable Housing - Asset Manager in Albany, New York
At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.
This role has multiple levels, open to candidates with at least 5 years minimum experience in LIHTC/affordable housing finance. The successful candidate will be hired for the level of the position that aligns with their experience.
Responsible for management and review of a portfolio of tax credit equity investments and loans made through U.S. Bancorp Community Development Corporation. Investments include Affordable Housing (LIHTC) Investments which provide tax and CRA benefits to the organization, as well as Construction and Permanent loans on Affordable Housing properties.
Primary responsibilities include but are not limited to:
Review and approval of construction draw packages and assessment of construction investment and lending risk
Review of property level financial statements to assess investment/ loan quality and risk.
Completion of site inspections and meetings with customers/ borrowers to ensure program compliance and asset quality.
Review and interpretation of operating agreements, loan agreements and other legal documents
Preparation of internal written and verbal reporting on portfolio performance
Bachelor's degree, or equivalent work experience
Five or more years of related experience
Thorough understanding of tax credit investment management with experience interpreting legal documentation and requirements
General real estate background preferred
Some knowledge of LIHTC preferred
Well-developed analytical and problem-solving skills
Effective interpersonal, verbal and written communication skills
Good relationship management abilities
Highly motivated, able to work independently, and possesses acute attention to detail
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Take care of yourself and your family with U.S. Bank employee benefits. We know that healthy employees are happy employees, and we believe that work/life balance should be easy to achieve. That's why we share the cost of benefits and offer a variety of programs, resources and support you need to bring your full self to work and stay present and committed to the people who matter most - your family.
Learn all about U.S. Bank employee benefits, including tuition reimbursement, retirement plans and more, by visiting careers.usbank.com .
EEO is the Law
Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal EEO is the Law (https://www.dol.gov/sites/dolgov/files/ofccp/regs/compliance/posters/pdf/eeopost.pdf) poster.
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
Salary range reflected is an estimate of base pay and is for the primary location. Base pay range may vary if an offer is made for work in a different location. Pay Range: $92,480.00 - $108,800.00 - $119,680.00
Due to legal requirements, U.S. Bank requires that the successful candidate hired for some positions be fully-vaccinated for COVID-19, absent being granted an accommodation due to a medical condition, pregnancy, or sincerely held religious belief or other legally required exemption. For these positions, as part of the conditional offer of employment, the successful candidate will be asked to provide proof of vaccination or approval for an accommodation or exemption upon hire.
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.
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.