Affordable Housing Asset Manager

U.S. Bank

. 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.

Posted 4/8/2026full-timeSaint Louis • California, Colorado, Illinois, Minnesota, Montana • 🇺🇸 United StatesMid-LevelSenior💰 $98,175 - $115,500 per yearWebsite

About the role

Key responsibilities & impact

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

What you’ll need

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

Comp & perks

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

ATS Keywords

✓ Tailor your resume

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