Job Information
U.S. Bank Impact Finance NMH Director of Asset Management in New York, New York
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.
Job Description
Impact Finance NMH Director of Asset Management
Responsible for management and monitoring of a portfolio of credit quality and performance of a variety of tax credit equity investments to provide greatest recovery to investors and superior service to borrowers, while ensuring compliance with government regulations, and/or company policy.
Monitors portfolio performance through review of watch list, delinquency, and maturing loan reports, as well as assigned risk rating classifications compiled and managed by the asset management group. Ensures collection of property and financial statements, the input of such information into system(s) of record, assignment of risk ratings, and the monitoring of financial covenants.
Portfolio consists of tax credit equity and/or debt investments made through U.S. Bancorp Impact Finance. Investments include New Market Tax Credit and Historic Tax Credits which provide tax, Community Reinvestment Act (CRA) or Environmental, Social, & Governance (ESG) benefits to the organization.
Basic Qualifications
Typically Bachelor's degree, or equivalent work experience
Typically 10 or more years of related experience
Typically three or more years of management experience
Preferred Skills/Experience
Thorough understanding of tax credit investment management
Strong knowledge of construction finance, real estate property management, and accounting, with experience interpreting legal documentation and requirements
General real estate development background preferred
Knowledge of LIHTC, RTC, HTC and/or NMTC preferred
Strong relationship management abilities
Effective verbal and written communication skills
Strong analytical, decision-making and problem-solving skills
Considerable tact and people skills
Master's degree and/or CPA preferred
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.
Benefits:
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
Adoption assistance
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.
E-Verify
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: $135,660.00 - $159,600.00 - $175,560.00