U.S. Bank Impact Finance - Transition Associate in Minneapolis, Minnesota
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.
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance All job postings listed under U.S. Bancorp Impact Finance reside within the USBCDC organization.
U.S. Bancorp Impact Finance (USBIF) is currently seeking a strong candidate to join our growing team of community development professionals. The Transition Associate will assist in analyzing and interpreting closing documents for tax credit projects that support community and economic development across the country.
Responsible for analyzing and interpreting closing documentation for tax credit equity investments, syndications, and commercial loans.
Reviews and interprets operating agreements, loan agreements, indemnity agreements, financial projections, and other legal documents.
Extracts and onboards key information from closing documentation to the system of record used by operational divisions of USBIF.
Develops, implements, maintains, and executes written processes to consistently populate information within system of record.
Monitors the status of complete and final documentation for all closings. Provides support for key compliance processes related to SOX, OFAC, CRA and other controls and reporting.
Bachelor's degree, or equivalent work experience with emphasis in Accounting, Business Administration, Real Estate, Law, or similar field.
Typically 3 or more years of related experience
Highly skilled in interpreting legal documentation and requirements, with emphasis in complex financial structures.
Well-developed analytical and problem-solving skills, including ability to identify and resolve exceptions
General real estate or project finance background
Knowledge of LIHTC, NMTC, HTC, and/or RETC
Effective interpersonal, verbal, and written communication skills
Highly motivated, able to work independently, and possesses acute attention to detail
Ability to handle multiple projects and deadlines simultaneously
Experience in commercial real estate or tax credit financing is strongly desired
*This role is hybrid from the locations listed. Team members who are in a hybrid role typically spend three days a week at a U.S. Bank location, while having flexibility on their work location for the other working days.
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) .
Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.
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
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf) EEO 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) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $30.34 - $40.43 - $44.47