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Job Description
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance
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is role has multiple levels, open to candidates with 5 or more years in RETC space
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or MBA/JD with one or more years of directly related experience.
The successful candidate will be hired for the level of the position that aligns with their experience.
U.S. Bancorp Impact Finance (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 investments with tax equity investors. The PMA's primary focus will be on tax equity syndications utilizing Renewable Energy Tax Credits (RETCs). 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 and support syndications Project Managers during the closing of tax equity investments by investors this includes traditional tax equity syndications as well as transfer transactions.
- Engage and manage third party professionals including attorneys, accountants and consultants.
- 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.
- Prepare, review, analyze and negotiate financial models and address investor questions and requests.
- 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.
- Prepare, submit and obtain internal investment approvals.
- Successfully transition closed investments to Syndication Fund Managers for ongoing management and investor relations.
- Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments.
- Close transactions in accordance with bank policies while managing customer expectations and timelines.
- Participate in special projects, including the development and revision of internal policies and procedures.
- Actively ensure compliance with the U.S. Bank Code of Ethics and all AntiMoney Laundering, Bank Secrecy Act, and information security policies and procedures. Follow account opening procedures and internal suspicious activity referral requirements and processes.
Basic Qualifications
- Bachelors degree and five or more years of experience or MBA/JD with one or more years of directly related experience
Preferred Skills/Experience
- Experience within the Renewable Energy industry.
- Understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
- Knowledge of or experience with financial modeling techniques and/or legal document negotiation.
- Ability to drive components of projects.
- Knowledge of construction finance and legal documentation.
- 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.
- 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.
- Effective listener and advanced communication skills, both oral and written.
- 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.
- Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of tax credit investments.
Tag INDMO
*This role offers a hybrid/flexible schedule from the locations listed, which means theres 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
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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. Thats 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
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