Impact Finance - Construction Risk Manager

U.S. Bank; St. Louis (MO); Hybrid; USD 80,000 - 98,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and retirement plan

Paid vacation

Paid holidays

Parental leave

Job summary

U.S. Bank is seeking a construction underwriting professional to support pre-closing risk mitigation and review monthly draw requests and consultant reports in a hybrid work environment.

You will monitor budgets, track progress, and provide funding recommendations across LIHTC, NMTC, HTC programs while communicating with Asset Management and senior leadership. The role requires strong financial analysis, forecasting, and attention to detail, with the ability to interpret data and present

Qualifications

• Typically High school diploma or equivalent and four or more years of related experience; OR Bachelor's degree and two or more years of related experience.
• Knowledge of LIHTC, NMTC, HTC tax credit programs and/or construction lending; advanced knowledge of financial analysis techniques and general accounting procedures.

Responsibilities

• Provides pre-closing construction underwriting support and risk mitigation, along with the review of monthly construction draw requests and construction consultant reports.
• Monitors construction budgets and risk factors, tracks monthly progress, and makes funding recommendations.
• Reports on construction performance and risk mitigation to Asset Management, Senior Leadership, and Credit Administration through construction completion.
• Demonstrates basic analytical and problem-solving skills, along with interpersonal, written and verbal communication skills.

Skills

Construction underwriting

Financial analysis

Risk mitigation

Communication skills

LIHTC/NMTC/HTC knowledge

Forecasting

Attention to detail

Interpersonal skills

Education

Bachelor's degree

High school diploma or equivalent

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

Provides pre-closing construction underwriting support and risk mitigation, along with the review of monthly construction draw requests and construction consultant reports, monitoring construction budgets and risk factors, tracking monthly progress, and making funding recommendations. The US Bancorp Impact Finance (USBIF) portfolio of multifamily commercial loans and tax credit equity investments (the “Assets”) involves Low-Income Housing Tax Credits (LIHTCs) and may also include New Markets Tax Credits (NMTCs) and Historic Tax Credits (HTCs). This position is accountable for reporting on construction performance and risk mitigation to Asset Management, Senior Leadership, and Credit Administration through construction completion of the Assets. Should demonstrate basic analytical and problem-solving skills, along with interpersonal, written and verbal communication skills.

Basic Qualifications

• Typically High school diploma or equivalent and four or more years of related experience

OR

• Bachelor\'s degree and two or more years of related experience

Preferred Skills/Experience

• General disbursing, real estate, or construction background
• Relationship management abilities
• Well-developed written, communication and presentation skills.
• Knowledge of LIHTC, NMTC, HTC tax credit programs and/or construction lending
• Advanced knowledge of financial analysis techniques and general accounting procedures
• Well-developed mathematical and analytical skills
• Considerable knowledge of financial analysis, forecasting, and planning
• High attention to detail with ability to interpret data and identify and resolve exceptions

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:

• 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.

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: $80,280.00 - 98,120.00

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.