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
Reports to the Assistant Director of Asset Management (“ADAM”). The role requires a highly skilled professional who has experience managing workout grade LIHTC investments along with having a basic understanding of the LIHTC disposition process at both the upper and lower tier. In addition to managing a small portfolio of challenged LIHTC investments, individual will be tasked with exiting numerous LIHTC partnership interests annually, where responsibilities span from “beginning to end” and include valuations, negotiation of terms with clients, securing internal approvals, and working closely with clients and legal professionals to close transactions. There are numerous internal and external stakeholders associated with the workout and disposition work, thus the individual must be highly communicative and able to work collaboratively across the organization. Strong time management and organizational skills are a must, along with knowledge of real estate accounting and finance, partnership taxation, and familiarity with financing documentation and interpretation of legal documents.
Beyond the portfolio management and transactional responsibilities, the individual may provide support and mentorship to more junior team members. Assisting with the disposition pipeline and teamwide disposition workflow are added expectations of the job.
Other job duties include the ability to work as part of a multi-disciplinary leadership team, strong communication abilities (written and verbal), strong analytical abilities, and strong prioritization skills.
Basic Qualifications
- Typically Bachelor's degree, or equivalent work experience
- Typically six or more years of related experience
Preferred Skills/Experience
- Experience managing LIHTC workouts
- Two or more years of LIHTC disposition experience
- Thorough understanding of tax credit investment management, Section 42 regulations, partnership, and tax compliance and affordable housing lending
- Deep knowledge of USB systems and processes
- Experience in real estate asset management, multi-family housing management, program management of federal housing programs, and interpreting and implementing HUD regulations
- Advanced knowledge of real estate finance, legal documentation and requirements, real estate property management, and accounting
- Highly motivated, able to work independently with minimal direction, make sound business discussions with little historical context and possesses acute attention to detail
- Well-developed analytical and problem-solving skills
- Strong time management skills and ability to effectively manage competing priorities
- Strong interpersonal, written, and verbal communication skills
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 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.
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.
