U.S. Bank Jobs

Job Information

U.S. Bank CDC Environmental Finance - Asset Manager in San Francisco, California

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

Works under limited direction of Assistant Director of Asset Management. Accountable for the ongoing performance, credit monitoring and risk mitigation of a portfolio of tax credit equity investments and loans which could include more complex investments and/or a larger portfolio. 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.

  8. 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.

  9. Responsible for funding commitments, ensuring that conditions to funding are met or appropriately mitigated if being waived.

  10. Coordinate with other USBCDC and USB departments to ensure that investments are appropriately booked, construction monitored, and documented.

  11. Participate in the establishment of policies and procedures necessary for accomplishing the group’s tasks, and in special projects assigned.

  12. Responsible for verbal and written presentations to senior level management and Credit Officers to articulate investment status, workout strategies, or modifications.

  13. 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

  • Bachelor's degree, or equivalent work experience

  • Five or more years of related 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

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) .

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 (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.

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://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: $88,910.00 - $104,600.00 - $115,060.00

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.

DirectEmployers