Impact Finance Syndications - Project Manager Associate (Affordable Housing & Nmtc)

USBIF is currently seeking a candidate to join our growing team of tax credit syndication professionals as a Project Management Associate (PMA). The PMA’s responsibilities include supporting the underwriting, structuring, negotiating, and closing of complex equity and debt investments with tax equity investors. The PMA’s primary focus will be on tax equity syndications utilizing Low Income Housing Tax Credits (LIHTC) and New Markets Tax Credits (NMTC), with a secondary focus on Renewable Energy Tax Credits (RETC) and/or Historic Tax Credits (HTC). The PMA will support the preparation and negotiation of legal documentation, preparation of financial models, provision of due diligence deliverables, obtainment of credit approval, and closing of investments.

Job Responsibilities:

• Participate in special projects, including the development and revision of internal policies and procedures.
• 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.
• Successfully transition closed investments to Syndication Fund Managers for ongoing management and investor relations.
• Prepare, review, analyze and negotiate financial models and address investor questions and requests.
• Prepare, submit and obtain internal investment approvals.
• 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.
• Engage and manage third party professionals including attorneys, accountants and consultants.
• Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments.
• Participate and support syndications Project Managers during the closing of tax equity investments by investors.
• 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.
• Close transactions in accordance with bank policies while managing customer expectations and timelines.

• Typically Bachelor's degree and five or more years of related experience

• MBA/JD with one or more years of directly related experience

• Ability to drive components of projects.
• 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.
• Knowledge of or experience with financial modeling techniques and/or legal document negotiation.
• 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.
• Effective listener and advanced communication skills, both oral and written.
• Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of tax credit investments.
• Understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
• Knowledge of construction finance, legal documentation, real estate property management, and/or accounting.
• 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.

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.