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U.S. Bank Tax Credit Syndications- LIHTC Business Development Officer in New York, 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.

Job Description

For more than 20 years, U.S. Bancorp Community Development Corporation (USBCDC) has worked closely with partners to make positive financial, social, and environmental impacts across the country. A wholly owned subsidiary of U.S. Bank, N.A., USBCDC raises tax equity through its Syndications platform to finance community development initiatives using state and federal tax credit programs, including New Markets Tax Credits, Historic Tax Credits, Renewable Energy Tax Credits, and Low-Income Housing Tax Credits.

USBCDC is seeking a strong candidate to join our growing team of tax credit professionals. The Syndications Business Development Officer (BDO) for Low-Income Housing Tax Credits (LIHTCs) will be responsible for raising investor interest and securing equity investment commitments to support the development of affordable housing. The BDO will take a leadership role in building new syndication distribution channels and managing those external relationships to broaden USBCDC’s current investor base.

Essential Job Functions

A successful candidate for the Syndications LIHTC Business Development Officer position is expected to show achievement in the following:

  • Securing LIHTC equity commitments from investors, with a focus on diversifying the current investor base.

  • Developing relationships throughout bank to build opportunities with existing bank clients.

  • Identifying new investor prospects through ESG, industry and other related networks.

  • Managing external relationships in a way that provides exceptional customer service throughout the life of the deal while also representing USBCDC’s best interests.

  • Communicating terms of syndication including pricing, structure, accounting considerations, financial returns, risks and mitigants.

  • Structuring transactions in a manner that is both marketable to investors and compliant with all tax, legal, and regulatory considerations.

  • Collaborating effectively with LIHTC originations, asset management and other teams throughout USBCDC.

  • Assisting with efforts to expand the Syndications platform with new products and revenue opportunities; required openness to change and responsiveness to larger bank mandates.

  • Participating in the establishment of policies, procedures and training necessary for accomplishing the group's tasks.

  • Interpersonal interactions which require substantial travel to meet with colleagues, investors and partners, including attendance at conferences and other industry events.

Basic Qualifications

  • Bachelor’s degree or equivalent work experience

  • 5-7 years of LIHTC tax credit industry experience

  • Seasoned business development or sales skill set

Preferred Skills/Experience

  • Advanced degree in Business, Policy, Accounting, Law preferred but not required.

  • Prior business development or sales experience at a LIHTC Syndicator which included managing a book of business and significant tax equity raises.

  • Highly developed knowledge of LIHTC program, tax and accounting concepts, partnership law.

  • Proficiency understanding and communicating financial models based on IRR and XIRR.

  • Self-starter and able to work in environment with minimal direction.

  • Excellent communication, clear and concise expression of ideas in verbal and written forms.

  • Independent ability to manage highly valued relationships including capacity to address sensitive or key issues.

  • Ability to problem solve and propose nuanced deal structures using technical expertise.

  • Excellent time management skills with the ability to effectively manage client timelines and needs. Ability to identify obstacles, manage expectations, both internally and externally.

  • Effective collaboration skills to meet U.S. Bank goals by working across USBCDC and bank teams.

  • Understands financial impact of transaction decisions and exhibits excellent cross-functional communication and coordination with Finance and Accounting.

  • Leadership presence demonstrated by lending established expertise above and beyond regular responsibilities to develop peers informally or formally.

  • Demonstrated interest in and commitment to Racial Equity and Diversity, Equity and Inclusion.

  • Full, proactive and optimistic ownership of role and responsibilities. Growth mindset.

U.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 come 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 www.usbank.com/cdc to learn more.

Our teams put equity at the center of our intentions, operations, and actions. Diverse identities, backgrounds, and perspectives help to create a better workplace for everyone, should be appreciated, and should be intentionally sought out. All our employees should have access to opportunities for growth and development throughout their careers. By putting equity at the center, our organization will retain great employees who know they will be able to make meaningful contributions and to do their best work here.

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) .

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: $145,010.00 - $170,600.00 - $187,660.00

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 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.