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

This role has multiple levels, open to candidates with 5+ years related experience. The successful candidate will be hired for the level of the position that aligns with their experience.

Responsible for management and monitoring of 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. 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 assessment of construction investment and lending risk. Monitors portfolio performance and assigns risk ratings in accordance with policy. Completes site inspections and meetings 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 in order to protect the divisions rights and financial interests. Prepares internal written and verbal reporting on portfolio performance. Ensures that assigned investment projects adheres to U.S. Bancorp policies and procedures and conforms to regulatory requirements. Responsible for keeping 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.

Basic Qualifications

Typically Bachelor's degree, or equivalent work experience
Typically five or more years of related experience

Preferred Skills/Experience

Thorough understanding of tax credit investment management with experience interpretating legal documentation and requirements
General real estate background preferred
Some knowledge of LIHTC, HTC and/or NMTC preferred
Well-developed analytical and problem-solving skills
Effective interpersonal, verbal and written communication skills
Good relationship management abilities
Highly motivated, able to work independently, and possesses acute attention to detail

U.S. Bancorp Impact Finance, the tax credit, community investment, and environmental financing division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. USBIF provides financial solutions for affordable housing, economic development, and renewable energy projects that create lasting social and environmental impact for people and the planet. Visit USBIF on the web to find out more at Community Development Financing Solutions | U.S. Bank (usbank.com) (https://www.usbank.com/corporate-and-commercial-banking/solutions/credit-and-financing/community-development.html) .

U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

INDMO

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 (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.

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 (some may vary based on role, location or hours):

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

EEO is the Law

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO 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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $95,285.00 - $112,100.00 - $123,310.00

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.

U.S. Bank accepts applications for this position on an ongoing basis.

This job was posted on Thu Jan 04 2024 and expired on Sat Jan 13 2024.

Minimum $95K /yr

$109K /yr Average

Maximum $123K /yr

Tasks

Manage and oversee operations, maintenance, administration, and improvement of commercial, industrial, or residential properties.

Plan, schedule, and coordinate general maintenance, major repairs, and remodeling or construction projects for commercial or residential properties.

Direct collection of monthly assessments, rental fees, and deposits and payment of insurance premiums, mortgage, taxes, and incurred operating expenses.

Inspect grounds, facilities, and equipment routinely to determine necessity of repairs or maintenance.

Act as liaisons between on-site managers or tenants and owners.

Meet with prospective tenants to show properties, explain terms of occupancy, and provide information about local areas.

Market vacant space to prospective tenants through leasing agents, advertising, or other methods.

Prepare detailed budgets and financial reports for properties.

Maintain records of sales, rental or usage activity, special permits issued, maintenance and operating costs, or property availability.

Direct and coordinate the activities of staff and contract personnel and evaluate their performance.

Meet with clients to negotiate management and service contracts, determine priorities, and discuss the financial and operational status of properties.

Solicit and analyze bids from contractors for repairs, renovations, and maintenance.

Prepare and administer contracts for provision of property services, such as cleaning, maintenance, and security services.

Investigate complaints, disturbances and violations and resolve problems, following management rules and regulations.

Review rents to ensure that they are in line with rental markets.

Maintain contact with insurance carriers, fire and police departments, and other agencies to ensure protection and compliance with codes and regulations.

Meet with boards of directors and committees to discuss and resolve legal and environmental issues or disputes between neighbors.

Purchase building and maintenance supplies, equipment, or furniture.

Determine and certify the eligibility of prospective tenants, following government regulations.

Confer regularly with community association members to ensure their needs are being met.

Negotiate the sale, lease, or development of property and complete or review appropriate documents and forms.

Clean common areas, change light bulbs, and make minor property repairs.

Negotiate short- and long-term loans to finance construction and ownership of structures.

Confer with legal authorities to ensure that renting and advertising practices are not discriminatory and that properties comply with state and federal regulations.

Analyze information on property values, taxes, zoning, population growth, and traffic volume and patterns to determine if properties should be acquired.

Contract with architectural firms to draw up detailed plans for new structures.

Negotiate with government leaders, businesses, special interest representatives, and utility companies to gain support for new projects and to eliminate potential obstacles.

Skills

Reading Comprehension - Understanding written sentences and paragraphs in work related documents.

Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Speaking - Talking to others to convey information effectively.

Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.

Social Perceptiveness - Being aware of others' reactions and understanding why they react as they do.

Coordination - Adjusting actions in relation to others' actions.

Persuasion - Persuading others to change their minds or behavior.

Negotiation - Bringing others together and trying to reconcile differences.

Service Orientation - Actively looking for ways to help people.

Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.

Management of Personnel Resources - Motivating, developing, and directing people as they work, identifying the best people for the job.

Knowledge

Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Clerical - Knowledge of administrative and clerical procedures and systems such as word processing, managing files and records, stenography and transcription, designing forms, and other office procedures and terminology.

Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.

Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

Personnel and Human Resources - Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.

Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.

Building and Construction - Knowledge of materials, methods, and the tools involved in the construction or repair of houses, buildings, or other structures such as highways and roads.

Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Public Safety and Security - Knowledge of relevant equipment, policies, procedures, and strategies to promote effective local, state, or national security operations for the protection of people, data, property, and institutions.

Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.