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CDC Historic Tax Credit Asset Manager

Company: US Bank
Location: Saint Louis
Posted on: June 13, 2021

Job Description:

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

Responsible for management and review of a portfolio of tax credit equity investments made through U.S. Bancorp Community Development Corporation. Investments will specifically be focused on Historic Tax Credits, in addition to New Markets Tax Credits programs, which provide cash distributions, tax benefits and CRA benefits to the organization. Works closely with project teams to monitor construction and operational performance. Performs review of audits and financial statements to assess investment quality and risk. Reviews operating agreements, other legal documents, and financial statements relating to equity investments in order to sustain growth and profitability. Responsible for negotiating investment modifications and addressing credit quality with senior management and internal credit.

Basic Qualifications

  • Bachelors degree, or equivalent work experience
  • Four to seven years of tax credit investment industry experience

Preferred Skills/Experience

  • Thorough understanding of tax credit investment management
  • Thorough knowledge of construction finance, legal documentation and requirements, real estate property management, and accounting
  • Well-developed analytical and problem-solving skills
  • Strong interpersonal, written and verbal communication skills
  • Highly motivated, able to work independently, and possesses acute attention to detail
  • General real estate background preferred
  • Some knowledge of LIHTC, RTC and/or NMTC preferred

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.

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 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.

Keywords: US Bank, St. Louis , CDC Historic Tax Credit Asset Manager, Other , Saint Louis, Missouri

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