U.S. Bank Looking for Impact Finance – Specialty Finance Asset Manager at San Francisco Full Time

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

This role has multiple levels, open to candidates with at least five years of commercial lending experience . The successful candidate will be hired for the level of the position that aligns with their experience.

U.S. Bancorp Impact Finance (USBIF) provides tax credit investments, loans, and banking services to organizations and projects that support affordable housing, economic development, and job creation in communities across the country.

The Asset Manager position is part of the Specialty Finance team within USBIF. Specialty Finance provides loans, investments, and banking services to Community Development Financial Institutions (CDFIs), CDFI Consortiums, Low Income Housing Tax Credit (LIHTC) Syndicators, and for New Markets Tax Credit transactions. The Asset Manager will report to the Director of Specialty Finance and will work closely with staff across the team and department.

The Asset Manager position represents an exciting opportunity to be a key contributor to a growing business line within USBIF. Candidates will be able to combine their experience in banking and finance with a passion for impact finance across the country.

Key responsibilities will include

• Lead the ongoing portfolio management of existing customer relationships, including completion of annual reviews, quarterly trend reports, ongoing covenant compliance, and internal credit audits.

• Coordinate with Relationship Managers, USBIF Loan Administration, USB Credit Risk Management, and other teams to properly manage and risk rate existing borrowers according to U.S. Bank Credit Policy.

• Assist Relationship Managers with business development, structuring, underwriting, and closing new loans to CDFIs, CDFI Consortiums, LIHTC Syndicators, and New Markets Tax Credit transactions.

• Assist Relationship Managers by underwriting new loans opportunities with prospective customers, including completing a thorough analysis of a borrower’s financial strength and underwriting the credit quality of a borrower’s loan portfolio.

• Prepare comprehensive written credit memos on both annual reviews and new loan opportunities. Ensure that subject loans are underwritten in compliance with U.S. Bank Credit Policy.

• Coordinate with USBIF Deposit & Payment Solutions team to provide banking services and products to customers.

• Provide leadership and support for strategic initiatives aligned with U.S. Bank’s Access Commitment and USBIF’s Racial Equity Agenda.

Basic Qualifications

• Bachelor’s or Master’s degree, or equivalent work experience

• Five to seven years of commercial lending experience

Preferred Skills/Experience

• Ability to organize and manage multiple projects and priorities to meet deadlines

• Excellent written, verbal, and presentation communication skills

• Strong loan and borrower underwriting skills, including financial statement analysis experience and/or real estate underwriting experience

• Ability to work effectively with individuals and groups in managing customer relationships

• Knowledge of U.S. Bank loan systems and credit policy

• Knowledge of the community development industry, including experience lending to CDFIs, CDFI Consortiums, LIHTC Syndicators, and/or New Markets Tax Credit transactions.

• Experience lending to different real estate property types, especially multifamily housing

• MBA, CFA, or CPA is a plus

U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

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 (~~~) .

Learn how the way we work at U.S. Bank (~~~) drives meaningful relationships with our customers and collaboration across the company.

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. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (~~~) EEO poster.

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 E-Verify program (~~~) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $92,480.00 – $108,800.00 – $119,680.00

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.