Impact Finance - Affordable Housing Asset Manager

U.S. Bank; St. Louis (MO); Hybrid; USD 98,000 - 128,000; Full time

Job summary

U.S. Bank is seeking an Affordable Housing Asset Manager to oversee commercial real estate loans and tax equity investments. This role requires strong analytical skills, with a focus on maintaining superior client relationships and ensuring compliance with financial regulations. Candidates should have at least 5 years of relevant experience and a bachelor's degree.

Benefits

Healthcare (medical, dental, vision)

401(k) and employer-funded retirement plan

Paid vacation (2 to 5 weeks based on tenure)

Adoption assistance

Short-term and long-term disability

Qualifications

• Minimum five years experience in LIHTC/affordable housing finance.
• Thorough understanding of tax credit investment management.
• General real estate background preferred.

Responsibilities

• Management of commercial real estate loans and tax equity investments.
• Perform reviews of audits and financial statements.
• Maintain relationships with partners and borrowers.

Skills

Analytical skills

Problem-solving skills

Communication skills

Relationship management

Attention to detail

Education

Bachelor's degree

Job description

Impact Finance - Affordable Housing Asset Manager

Join to apply for the Impact Finance - Affordable Housing Asset Manager role at U.S. Bank

Impact Finance - Affordable Housing Asset Manager

4 days ago Be among the first 25 applicants

Join to apply for the Impact Finance - Affordable Housing Asset Manager role at U.S. Bank

Get AI-powered advice on this job and more exclusive features.

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 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.

Impact Finance is hiring for an Affordable Housing Asset Manager. The AM is responsible for management and monitoring of a portfolio of commercial real estate loans and tax 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 five or more years of related experience
  
  
  

Preferred Skills/Experience

• Thorough understanding of tax credit investment management with experience interpretating legal documentation and requirements
• General real estate background preferred
• Some knowledge of LIHTC preferred
• Well-developed analytical and problem-solving skills
• Effective interpersonal, verbal and written communication skills
• Good relationship management abilities
• Highly motivated, able to work independently, and possesses acute attention to detail
  
  
  

U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.

U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

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:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• 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
  
  
  

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.

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.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $98,175.00 - $115,500.00 - $127,050.00

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

Referrals increase your chances of interviewing at U.S. Bank by 2x

Get notified about new Finance Manager jobs in St Louis, MO.

St Louis, MO $120,000.00-$130,000.00 1 week ago

St Louis, MO $65,000.00-$75,000.00 4 months ago

St Louis, MO $90,000.00-$110,000.00 4 months ago

St Louis, MO $63,398.00-$84,240.00 2 months ago

St Louis, MO $340,000.00-$380,000.00 3 weeks ago

St Louis, MO $97,115.20-$108,035.20 1 month ago

St Louis, MO $120,000.00-$130,000.00 1 week ago

St Louis, MO $125,000.00-$125,000.00 1 week ago

Shiloh, IL $50,000.00-$150,000.00 1 month ago

St Louis, MO $100,000.00-$120,000.00 1 week ago

St Louis, MO $110,000.00-$115,000.00 1 week ago

Senior Manager of Finance - US Biologics

Financial Planning and Analysis Manager / Senior Manager - Hybrid - Chesterfield, MO (St. Louis)

St Louis, MO $103,000.00-$136,000.00 5 days ago

Environmental Finance - Director of Project Finance Lending

St Louis, MO $186,150.00-$240,900.00 4 days ago

St Louis, MO $76,252.80-$124,155.20 6 days ago

Waterloo, IL $75,000.00-$150,000.00 1 month ago

St Louis, MO $200,000.00-$225,000.00 6 hours ago

St Louis, MO $126,000.00-$252,000.00 22 hours ago

Impact Finance - Affordable Housing Funds Project Manager / Underwriter

St Louis, MO $111,605.00-$144,430.00 1 week ago

St Louis, MO $51,000.00-$60,000.00 2 weeks ago

Head of Asset Management Sponsorships and Engagement

St Louis, MO $120,400.00-$287,600.00 3 days ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.