Impact Finance - Affordable Housing Asset Manager

U.S. Bank; St. Louis (MO); Hybrid; USD 91,000 - 112,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and retirement plan

Paid vacation and holidays

Job summary

U.S. Bank is seeking an experienced professional to manage and monitor a portfolio of commercial real estate loans and equity investments.

The role emphasizes risk assessment, portfolio performance, and ongoing client relationships across partners and borrowers. The candidate should have LIHTC/affordable housing finance experience and strong analytical skills, with a Bachelor’s degree and at least four years in related work.

Qualifications

• LIHTC and affordable housing finance knowledge required.
• Strong financial analysis and risk assessment skills.
• Experience reviewing operating agreements, loan documents, and project audits.

Responsibilities

• Manage and monitor a portfolio of commercial real estate loans and equity investments.
• Maintain and expand relationships with partners, borrowers, and external parties.
• Review audits and financial statements to assess investment quality and risk.
• Monitor portfolio performance and assign risk ratings per policy.

Skills

LIHTC experience

Real estate finance

Financial analysis

Relationship management

Education

Bachelor's degree

Job description

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

This role has multiple levels, open to candidates with at least 4 years experience in LIHTC/affordable housing finance or related experience. The successful candidate will be hired for the level of the position that aligns with their experience.

Responsible for management and monitoring of a portfolio of commercial real estate loans and equity investments to ensure benefit delivery to investors and while maintaining superior customer service for external clients.

Maintains and expands relationships with partners, borrowers, and other external parties associated with assigned portfolio.

Performs reviews of audits and financial statements to assess investment quality and risk.

Performs reviews of construction draw packages and assessment of construction investment and lending risk.

Monitors portfolio performance and assigns risk ratings in accordance with policy.

Completes site inspections and meetings with partners to ensure program compliance and asset/loan quality.

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 portfolio performance.

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

• Typically Bachelor's degree, or equivalent work experience
• Typically four or more years of related experience

Preferred Skills/Experience

• Good understanding of tax credit investment management with experience interpretating legal documentation and requirements
• General real estate background preferred
• Some knowledge of LIHTC, RETC, HTC and/or NMTC preferred
• Effective analytical and problem-solving skills
• Effective interpersonal, verbal and written communication skills

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days. 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.

Benefits

• 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
• Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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.

Pay Range: $91,440.00 - 111,760.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment.

U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance.

U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.

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.