Impact Finance - Relationship Manager
Job description
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
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 Relationship Manager position is part of the Specialty Finance team within USBIF. Specialty Finance provides loans, patient investments, and banking services to Community Development Financial Institutions (CDFIs), Low Income Housing Tax Credit (LIHTC) Syndicators, CDFI Consortiums, and for New Markets Tax Credit transactions. The Relationship Manager will report to the Director of Specialty Finance and will work closely with staff across the team and department.
The Relationship 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 investing and economic development across the country.
Key responsibilities will include:
Source, negotiate, underwrite, and close loans to CDFIs, CDFI Consortiums, LIHTC Syndicators, and other similar community development organizations.
Source new business through establishing and deepening relationships with existing clients, and prospecting new clients.
Underwrite a prospective borrower’s ability to repay subject loans, including in-depth analysis of financial performance/financial statements, and assessing the credit quality of the borrower’s loan portfolio.
Prepare comprehensive written credit memos and recommend credit approval to USBIF senior management and U.S. Bank Credit Risk Management.
Negotiate legal documentation with borrowers, in coordination with internal and external legal counsel.
Coordinate with portfolio managers and loan servicing team to manage existing relationships, including completion of annual reviews, ongoing covenant compliance, and internal credit audits.
Coordinate with USBIF Deposit & Payment Solutions team and U.S. Bank Capital Markets to provide banking services and capital markets transactions 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
Master's degree, or equivalent work experience
Ten or more years of commercial lending experience
Preferred Skills/Experience
Travel up to 5% is required
Experience in underwriting, LIHTC, and CDFIs is preferred
Strong relationship management and business development/sales skills
Well-developed analytical and problem-solving skills
Considerable knowledge of credit and credit quality
Thorough knowledge of bank products and services
Ability to work effectively with individuals and groups in managing customer relationships
Excellent presentation, verbal and written communication skills
Previous small business banking experience
Tag: INDMO
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.
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: $139,995.00 - $164,700.00 - $181,170.00caravetterealestate.com is the go-to platform for job seekers looking for the best job postings from around the web. With a focus on quality, the platform guarantees that all job postings are from reliable sources and are up-to-date. It also offers a variety of tools to help users find the perfect job for them, such as searching by location and filtering by industry. Furthermore, caravetterealestate.com provides helpful resources like resume tips and career advice to give job seekers an edge in their search. With its commitment to quality and user-friendliness, caravetterealestate.com is the ideal place to find your next job.