U.S. Bank CDC Specialty Finance - Relationship Manager in Minneapolis, Minnesota
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.
U.S. Bancorp Community Development Corporation (USBCDC) provides tax credit investments, loans, and banking services to organizations and projects that support affordable housing, economic development, and job creation in communities across the country.
The Relationship Manager position is part of the Specialty Finance team within USBCDC. Specialty Finance provides loans, investments, and banking services to Community Development Financial Institutions (CDFIs), Low Income Housing Tax Credit (LIHTC) Syndicators, Affordable Housing Consortiums, and for New Markets Tax Credit transactions. The Relationship Manager will report to the Director of Specialty Finance and will work closely with staff across the team and department.
The Relationship Manager position represents an exciting opportunity to be a key contributor to a growing business line within USBCDC. Candidates will be able to combine their experience in banking and finance with a passion for economic development activities across the country.
Key responsibilities will include:
Source, negotiate, underwrite, and close loans to CDFIs, LIHTC Syndicators, Affordable Housing Consortiums, and community development real estate funds.
Source new business through establishing and deepening relationships with existing clients, and prospecting new clients.
Underwrite a prospective borrower’s ability to repay subject loans, including in-depth analysis of financial performance/financial statements, and assessing the credit quality of the borrower’s loan portfolio.
Prepare comprehensive written credit memos and recommend credit approval to USBCDC senior management and USB Credit Risk Management.
Negotiate legal documentation with borrowers, in coordination with internal and external legal counsel.
Coordinate with portfolio managers and loan servicing team to manage existing relationships, including completion of annual reviews, ongoing covenant compliance, and internal credit audits.
Coordinate with USBCDC Deposit & Payment Solutions team to provide banking services and products to customers.
Provide leadership and support for strategic initiatives aligned with U.S. Bank’s Social Impact Strategy and Access Commitment.
Master's degree, or equivalent work experience
10 or more years of commercial lending experience
· Ability to organize and manage multiple projects and priorities to meet deadlines
· Excellent written, verbal, and presentation communication skills
· Strong business development and relationship management experience
· Strong commercial lending underwriting skills, including financial statement analysis skills
· Ability to lead and drive new transactions through credit approval and loan closing
· Ability to work effectively with individuals and groups in managing customer relationships
· Knowledge of the community development industry, including experience lending to CDFIs, LIHTC syndicators, affordable housing consortiums, and other real estate funds
· Experience lending to different real estate property types, including multifamily housing, community facilities, schools, healthcare centers, grocers, and small businesses
· MBA, CFA, or CPA is a plus
Covid-19 Vaccine Mandate Requirement: U.S. Bank requires that the successful candidate hired for this position 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.
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://www.usbank.com/careers/disability-accommodation-for-applicants.html) .
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 (https://www.usbank.com/careers/index.html) .
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://www.usbank.com/careers/verification-of-eligibility-for-employment.html) .
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 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.