Impact Finance - Affordable Housing Business Development Associate

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

USBIF is currently seeking a strong candidate to join our growing team of tax credit professionals. The candidate will assist in the marketing, acquisition and underwriting of loans and equity investments in the IRS Section 42 Low Income Housing Tax Credit Program (LIHTC), which facilitates the development of affordable housing throughout the country. Investments are made through U.S. Bancorp Impact Finance, affiliates, or subsidiaries for the purpose of accruing tax, cash, and CRA benefits. The Business Development Associate is responsible for providing a broad variety of duties for the affordable housing tax credit production group. Position requires frequent use of PC software packages for word processing, spreadsheets, databases, etc.

Primary Responsibilities

• Communicate, meet, and negotiate with external customers and internal partners to gather information and assist in underwriting LIHTC transactions and structuring debt and equity proposals.

• Analyze and summarize components of LIHTC debt and investment packages for Business Development.

• Compile and analyze information for an assigned project and make recommendations based on findings.

• Collect and interpret data to produce reports related to acquiring and underwriting LIHTC loans and investments.

• Prepare high quality preliminary memos in support of the proposed loans and investments while identifying the strengths, weaknesses, risks and mitigants; advocate for approval to issue a proposal letter while leading a balanced discussion among reviewers.

• Assist in the successful transition associated with acquiring LIHTC loans and investments within USBIF.

• Efficiently prioritize and complete a multitude of projects.

• Process a variety of confidential information and documents.

• Assist with research on and reports from internal and external databases and maintain investment pipeline.

• Participate in special projects as assigned.

Basic Qualifications

• - Typically Bachelor's degree and five or more years of related experience, OR 
• - MBA/JD with one or more years of directly related experience

Preferred Qualifications

• Self-starter with an interest in community development and finance.

• This position is viewed as having upward potential based on performance and growth.

• Well-developed reading, writing, verbal presentation, and mathematical skills.

• Excellent time management skills, with the ability to effectively handle multiple tasks, and work under deadlines.

• Ability to interpret data and identify issues. Well-developed analytical and problem-solving skills.

• Proficient computer skills, especially Microsoft

 

U.S. Bancorp Community Development Corporation d/b/a 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.

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 bo