U.S. Bank

Affordable Housing Asset Manager

U.S. Bank

full-time

Posted on:

Location Type: Hybrid

Location: Saint Louis • California • Colorado • United States

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Salary

💰 $98,175 - $115,500 per year

About the role

  • 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.

Requirements

  • Typically Bachelor's degree, or equivalent work experience
  • Typically five or more years of related experience
  • Thorough understanding of tax credit investment management with experience interpreting legal documentation and requirements
  • General real estate background preferred
  • Significant knowledge of LIHTC preferred. Some knowledge of RETC is beneficial.
  • 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.
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
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
portfolio managementfinancial statement analysisrisk assessmentconstruction draw package reviewsite inspectionsreportingtax credit investment managementlegal documentation interpretationLIHTC knowledgeRETC knowledge
Soft Skills
analytical skillsproblem-solving skillsinterpersonal skillsverbal communication skillswritten communication skillsrelationship managementmotivationindependenceattention to detail