Hybrid Impact Finance Syndication – Federal LIHTC & NMTC Project Manager

at U.S. Bank

• Job title: Impact Finance Syndication – Federal LIHTC & NMTC Project Manager
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $111,605 - $131,300 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Saint Louis, United States

About the role

• Project Manager for tax credit syndication at U.S. Bank. Underwriting, structuring and closing investments with tax equity investors for affordable housing and community development.

Responsibilities

• Underwriting, structuring, negotiating, and closing complex equity and debt investments with tax equity investors utilizing Low Income Housing Tax Credits (LIHTC) and/or New Markets Tax Credits (NMTC).
• Prepare and negotiate legal documentation, prepare financial models, provide due diligence deliverables, obtain credit approval, and close investments.
• Participate and support syndications Business Development Officers in the early‐stage review of potential investments, complex deal structures, programs, and partners.
• Engage and manage third party professionals including attorneys, accountants and consultants.
• Review complex legal documents pertaining to structured credit arrangements and investments.
• Works with counsel and business partners to negotiate with investors and manage risks on behalf of USBIF.
• Prepare, review, analyze and negotiate financial models and address investor questions and requests.
• Prepare and provide diligence materials requested by investors, counsel and/or consultants in furtherance of investor’s internal and external approval processes.
• Reviews, analyzes and responds to questions or requests regarding the investment structure, underlying projects and/or USBIF.
• Prepare, submit and obtain internal investment approvals.
• Successfully transition closed investments to Syndication Fund Managers for ongoing management and investor relations.
• Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments.
• Close transactions in accordance with bank policies while managing customer expectations and timelines.
• Participate in special projects, including the development and revision of internal policies and procedures, cross-functional and departmental efficiencies and strategic product development.
• Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti‐Money Laundering, Bank Secrecy Act, and information security policies and procedures.
• Follow account opening procedures and internal suspicious activity referral requirements and processes.

Requirements

• Typically Bachelor's degree and six or more years of related experience OR
• MBA/JD with three or more years of directly related experience
• Experience within the affordable housing and/or new market tax credit industries.
• Thorough understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
• Knowledge of or experience with financial modeling techniques and/or legal document negotiation.
• Ability to lead projects, mentor junior employees.
• Strong knowledge of construction finance, legal documentation, real estate property management, and accounting.
• Advanced ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents.
• Able to identify key issues and concerns, manage review timelines, and problem solve using creativity and innovation.
• Excellent time management skills with the ability to effectively manage client timelines and needs.
• Ability to identify obstacles and manage expectations, both internally and externally.
• Effective listener and advanced communication skills, both oral and written.
• Highly motivated self-starter who has a good attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
• Ability to work independently as well as collaboratively in a team environment.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of tax credit investments.

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