Impact Finance - Affordable Housing Asset Manager

Job Description This role has multiple levels, open to candidates with at least 5 years minimum experience. The successful candidate will be hired for the level of the position that aligns with their experience. The Affordable Housing Asset Manager is responsible for management and monitoring of a portfolio of commercial real estate loans and equity investments to ensure benefit delivery to investors while maintaining superior customer service for external clients. Responsibilities include: 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. Reviews construction draw packages and assesses 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 to protect the division’s rights and financial interests. Prepares internal written and verbal reporting on portfolio performance. Ensures assigned investment projects adhere to U.S. Bancorp policies, procedures, and regulatory requirements. Stays current on tax credit policies, banking laws, regulations, economic and industry trends, and banking products related to asset management of investments and loans. Basic Qualifications Bachelor’s degree or equivalent work experience. Five or more years of related experience. Preferred Skills and 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 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. Location Expectations The role offers a hybrid/flexible schedule, with an in‑office expectation of 3 or more days per week and flexibility to work outside the office for the remaining days. Benefits 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 Salary Range Pay Range: $98,175.00 – $115,500.00 (actual range may vary by location). Equal Opportunity Employer U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other protected 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. #J-18808-Ljbffr