Impact Finance - Affordable Housing Asset Manager

About the role

The Affordable Housing Asset Manager is responsible for managing and monitoring 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. Responsibilities include maintaining and expanding relationships with partners, borrowers, and other external parties associated with the assigned portfolio, performing reviews of audits and financial statements, reviews of construction draw packages, monitoring portfolio performance, preparing internal written and verbal reporting, ensuring compliance with U.S. Bancorp policies and procedures, and staying updated on various tax credit policies, banking laws and regulations, economic and industry trends, and banking products and services related to asset management.

Responsibilities

• 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 assesses construction investment and lending risk.
• Makes regular site inspections and meets 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 to protect the division's rights and financial interests.
• Prepares internal written and verbal reporting on portfolio performance.
• Ensures that assigned investment projects adhere to U.S. Bancorp policies and procedures and conform to regulatory requirements.
• Keeps 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.

Requirements

Typically Bachelor's degree, or equivalent work experience, typically five or more years of related experience, thorough understanding of tax credit investment management with experience interpreting legal documentation and requirements, general real estate background preferred, significant knowledge of LIHTC preferred, some knowledge of RETC beneficial.

Qualifications

• Thorough understanding of tax credit investment management with experience interpreting legal documentation and requirements
• General real estate background preferred
• Significant knowledge of LIHTC preferred
• Some knowledge of RETC beneficial

Skills

• Effective interpersonal, verbal and written communication skills
• Well-developed analytical and problem-solving skills
• Good relationship management abilities
• Highly motivated, able to work independently, and possesses acute attention to detail

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
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Pay

$103,950.00 - 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.