U.S. Bank USBCDC Asset Manager - Environmental Finance 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 DescriptionWorks under limited direction of Assistant Director of Asset Management. Accountable for the ongoing performance, credit monitoring and risk mitigation of a portfolio of investments which could have more complex investments and/or a larger portfolio of investments. Maintains relationships with internal partners and external customers within the investments. Monitors project construction and development milestones, for purposes of compliance and monthly financial forecast preparation. Responsible for review of equity funding requests in coordination with external customers and USB counsel (if necessary). Analyze project performance to ensure adherence to programmatic compliance. Continually monitor risk profile of the investment and recommend risk rating adjustments as needed. Review and negotiate post-closing deal amendments, modifications or restructures and prepare credit memo for presentation to Assistant Director and other members of management and credit administration. Apprises manager, credit administration and other appropriate parties of ongoing asset quality performance in accordance with credit policy. Works closely with Environmental Finance Production and Syndications teams to focus on collaboration and meeting customer expectations.
ESSENTIAL FUNCTIONS: 1. Ability to analyze and evaluate operating agreements, other legal documents, and financial statements relating to investments. 2. Research and resolve errors in data from financial reporting systems to protect accuracy in investment booking. 3. Perform reviews of budgets, financial statements, guarantor statements, audits, tax returns and annual compliance reports to assess investment quality and risk. 4. Perform monthly forecasting regarding tax credit delivery, benefits, fees and equity contributions. 5. Monitor portfolio to include timely completion of quarterly risk assessments, quarterly portfolio reviews, both internal and credit approved problem credit reviews and key relationship reviews. 6. Complete site inspections and/or meetings with partners as necessary to ensure program compliance and asset quality. 7. Prepare underwriting packages in support of the restructuring or modification of proposed complex investments, identifying the strengths, weaknesses, risks and mitigants. Advocate for credit approval while leading a balanced discussion with Credit Administration. Uphold credit policy and underwriting guidelines and explain any deviations. 8. Manage transactions in accordance with credit standards, adhering to required policies and procedures, while managing the expectations of customers and furthering USBCDC’s relationships. 9. Engage third party professionals (attorneys, accountants, construction consultants) as needed to coordinate the drafting, review, and collection of documents necessary to manage the investments and mitigate any risks presented. 10. Responsible for funding commitments, ensuring that conditions to funding are met or appropriately mitigated if being waived. 11. Coordinate with other USBCDC and USB departments to ensure that investments are appropriately booked, construction monitored, and documented. 12. Participate in the establishment of policies and procedures necessary for accomplishing the group’s tasks, and in special projects assigned. 13. Responsible for verbal and written presentations to senior level management and Credit Officers to articulate investment status, workout strategies, or modifications. 14. Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Act, information security and suspicious activity reporting requirements, policies and procedures.
Basic Qualifications - Bachelors degree, or equivalent work experience - Four to seven years of tax credit investment industry experience Preferred Skills/Experience - Thorough understanding of tax credit investment management - Knowledge of/experience with renewable energy tax credit program and industry - Knowledge of construction finance lending, legal documentation and requirements - Well-developed analytical and problem-solving skills - Strong interpersonal, written and verbal communication skills - Highly motivated, able to work independently, and possess acute attention to detail - Interest in promoting diversity in the workplace and maximizing equitable access to the benefits of renewable energy 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.
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 usbank.com/careers.
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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: $86,360.00 - $101,600.00 - $111,760.00
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.