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U.S. Bank Assistant Director Project Management (Underwriting) Community Development Corporation in Denver, Colorado

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.

Job DescriptionU.S. Bancorp Community Development Corporation, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. Our investments in affordable housing, economic development and renewable energy projects have a lasting social and environmental impact in communities. Visit USBCDC on the web at www.usbank.com/cdc.

The ADPM leads a team of Project Managers (PMs) who support origination efforts with Affordable Housing lending and equity investment opportunities. The ADPM is responsible for managing the PMs on their team including supporting the PMs with; (1) facilitating a successful Preflight approval and transition from the debt and equity Business Development teams, (2) successfully structure, underwrite and close affordable housing projects across the country and (3) transitioning projects post-closing to Asset Management.


Management / Leadership

Manage a team of 8-10 Project Managers, which includes evaluating their productivity, performance, including all other necessary HR functions. Train, mentor, and be an ongoing resource to instruct and consult PMs throughout underwriting and closing. Coach their team to maintain a balanced approach to managing risk, elevating concerns, timely identify issues and digging into the right level to understand a situation while maintaining the big picture. Coach and develop PM staff in support of achieving their individual business goals. Including short-term personal goals and long-term career paths. Providing recognition as well as constructive feedback in a clear and timely manner. Help build and maintain a sense of team culture and teamwork within the group. Strive for open, positive information sharing and support across the team. Organize and lead meetings (internal group meetings, process improvements, training and knowledge sharing). Recommend and create trainings/discussions focused on what the PM needs to know, how it impacts their jobs, and contains action items; follow up with more in-depth trainings as requested, create personal trainings for staff or teams as needed. Provide back-up support for the management team and Team Lead position as business line or project specific needs are identified. Responsible for keeping current on commercial lending policies, products, and services. Leads or participates actively in special projects which will contribute to the success of the team, including the establishment and revision of internal policies and procedures. Work collaboratively with the PM leadership team on staff assessments, team dynamics, consistency in talent management practices, planning, developing training resources and identifying opportunities to drive efficiency. Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Acts, information security and suspicious activity reporting requirements, policies, and procedures. Actively participates in any required corporate and business line training in these areas. Assist the DPM in annual budget and staff planning and strategic goal execution.


Periodically review and provide constructive feedback on SCDs, CAPEs, and PDR templates for the team; looking for opportunities to support the team with maintaining product and credit quality. In conjunction with the assigned Team Leads, work with PMs on transactions in underwriting to assist in managing workflow, workload and timing of approvals and closings. Assist Team Leads as needed in balancing capacity of staff, opportunities for staff, and strengths of staff. In conjunction with the assigned Team Leads, act as a resource for brainstorming, including programmatic details, tax and accounting considerations, problem solving capabilities, and assisting in uncovering deal issues early. In conjunction with the assigned Team Leads and management team, create and implement underwriting standards for consistency across the Affordable Housing underwriting platform. Serves as a subject-matter expert for complex government programs and underwriting issues and shares their knowledge with the rest of the team.

Required Qualifications

A bachelor’s degree is required with a master’s degree preferred. Seven to ten years combined commercial lending and/or LIHTC investment experience. In depth knowledge of, and ability to communicate effectively on, the relevant Tax Credit Program, commercial real estate finance, tax and accounting concepts and partnership law. Expertise with investor and/or lender risks mitigation. Ability to apply knowledge to new business opportunities (e.g. new tax credit programs, new asset classes or products) to address relevant risks and benefits. Demonstrated ability to effectively lead, coordinate, and manage people, process and customer relations. Demonstrated ability to motivate others to achieve client and Bank goals. Ability to analyze complex financial models for accuracy, real estate fundamentals, financing tools, programmatic compliance, tax law, credit risk and accounting principles. Ability to conceptualize and structure complicated transactions that rely on knowledge of tax law, accounting practices, financing tools and underlying real estate and/or operating business. Demonstrated ability to navigate internally to find answers or paths forward when one is not readily clear. Ability to read and negotiate complex legal documents Energized by working in a collaborative team environment that is dynamic and evolving. Organized, accurate and able to manage a staff working on multiple transactions at different stages concurrently while in different locations across the country. Has well-developed written communication and verbal presentation skills. A team player who promotes learning and mentorship within the CDC. Excellent interpersonal and teamwork skills. Highly motivated self-starter with good attention to detail and proficient skills with financial spreadsheets and office software. Attends industry events, conferences, and client events.

Benefits: 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 usbank.com/careers.

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 poster.

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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: $126,650.00 - $149,000.00 - $163,900.00

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.