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U.S. Bank CDC NMTC - Exit Manager in Saint Louis, Missouri

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

This role has multiple levels, open to candidates with at least 5 years minimum experience in LIHTC/affordable housing finance. The successful candidate will be hired for the level of the position that aligns with their experience.

Responsible for monitoring and closing a pipeline of NMTC investments to be unwound at the end of the compliance period. Structure exits to ensure benefit delivery to investors and maintain superior customer service for external clients. Maintains and expands relationships with partners, borrowers, and other external parties associated with assigned pipeline. Leads calls with partners, legal counsel, and accountants. Performs reviews of audits and financial statements to assess investment quality and risk and makes suggestions to mitigate those risks.

Reviews and interprets operating agreements, loan agreements and other legal documents relating to equity investments and loans in order to protect the divisions rights and financial interests. Prepares internal written and verbal reporting on pipeline. Ensures that assigned investment projects adheres to U.S. Bancorp policies and procedures and conforms to regulatory requirements. Responsible for keeping current on various tax credit policies, banking laws and regulations, economic and industry trends, and banking products and services related to asset management of investments and loans.

Basic Qualifications

  • Bachelor's degree, or equivalent work experience

  • Five or more years of related experience

Preferred Skills/Experience

  • Thorough understanding of tax credit investment management with experience interpreting legal documentation and requirements

  • J.D. preferred

  • General real estate background preferred

  • Detailed knowledge of NMTC preferred

  • Well-developed analytical and problem-solving skills

  • Effective interpersonal, verbal and written communication skills

  • Strong relationship management abilities

  • Highly motivated, able to work independently, and possesses acute attention to detail

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) .

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 careers.usbank.com .

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.

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) .

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.

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