Impact Finance - Assistant Director of Project Management for Affordable Housing

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 The Assistant Director of Project Management (ADPM) leads a team of Project Managers and Team Leads (PMs) who support origination efforts with Affordable Housing lending and equity investment opportunities. The ADPM is responsible for managing the PMs on their team including supporting the PMs with; (1) facilitating a successful transition from the debt and equity Business Development teams, (2) successfully structure, underwrite and close affordable housing projects across the country and (3) transitioning projects post-closing to Asset Management. ESSENTIAL FUNCTIONS: Management / Leadership Manage a team of 6-10 PMs, which includes evaluating their productivity, performance, including all other necessary HR functions. Train, mentor, and be an ongoing resource to instruct and consult PMs throughout underwriting and closing. Coach their team to maintain a balanced approach to managing risk, elevating concerns, timely identify issues and digging into the right level to understand a situation while maintaining the big picture. Coach and develop PM staff in support of achieving their individual business goals. Including short-term personal goals and long-term career paths. Providing recognition as well as constructive feedback in a clear and timely manner. Help build and maintain a sense of team culture and teamwork within the group. Strive for open, positive information sharing and support across the team. Organize and lead meetings (internal group meetings, process improvements, training and knowledge sharing). Recommend and create trainings/discussions focused on what the PM needs to know, how it impacts their jobs, and contains action items; follow up with more in-depth trainings as requested, create personal trainings for staff or teams as needed. Provide back-up support for the management team, Team Leads and SPMs as business line or project specific needs are identified. Responsible for keeping current on commercial lending policies, products, and services. Leads or participates actively in special projects which will contribute to the success of the team, including the establishment and revision of internal policies and procedures. Work collaboratively with the PM leadership team on staff assessments, team dynamics, consistency in talent management practices, planning, developing training resources and identifying opportunities to drive efficiency. Actively ensures compliance with the U.S. Bank Code of Ethics and all Anti-Money Laundering, Bank Secrecy Acts, information security and suspicious activity reporting requirements, policies, and procedures. Actively participates in any required corporate and business line training in these areas. Assist the DPM in annual budget and staff planning and strategic goal execution. Underwriting Review and provide constructive feedback on SCDs, nCino, and PDR templates for the team; looking for opportunities to support the team while maintaining product and credit quality. Assist Team Leads and SPMs and work with PMs on transactions in underwriting to assist in managing workflow, workload and timing of approvals and closings. Assist Team Leads as needed in balancing capacity of staff, opportunities for staff, and strengths of staff. Act as a resource for brainstorming, including programmatic details, tax and accounting considerations, problem solving capabilities, and assisting in uncovering deal issues early. In conjunction with the management team, create and implement underwriting standards for consistency across the Affordable Housing underwriting platform. Serves as a subject-matter expert for complex government programs and underwriting issues and shares their knowledge with the rest of the team. Basic Qualifications - Typically Bachelor's degree, or equivalent work experience - Typically 10 or more years of banking and/or tax credit industry experience - Typically three or more years of management experience Preferred Skills/Experience In depth knowledge of, and ability to communicate effectively on, the relevant Tax Credit Program, commercial real estate finance, tax and accounting concepts and partnership law. Expertise with investor and/or lender risks mitigation. Ability to apply knowledge to new business opportunities (e.g. new tax credit programs, new asset classes or products) to address relevant risks and benefits. Demonstrated ability to effectively lead, coordinate, and manage people, process and customer relations. Demonstrated ability to motivate others to achieve client and Bank goals. Ability to analyze complex financial models for accuracy, real estate fundamentals, financing tools, programmatic compliance, tax law, credit risk and accounting principles. Ability to conceptualize and structure complicated transactions that rely on knowledge of tax law, accounting practices, financing tools and underlying real estate and/or operating business. Demonstrated ability to navigate internally to find answers or paths forward when one is not readily clear. Ability to read and negotiate complex legal documents Energized by working in a collaborative team environment that is dynamic and evolving. Organized, accurate and able to manage a staff working on multiple transactions at different stages concurrently while in different locations across the country. Has well-developed written communication and verbal presentation skills. A team player who promotes learning and mentorship within tUSBIF. Excellent interpersonal and teamwork skills. Highly motivated self-starter with good attention to detail and proficient skills with financial spreadsheets and office software. Attends industry events, conferences, and client events. U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. Our investments in affordable housing, economic development and renewable energy projects have a lasting social and environmental impact in communities. Visit the Impact Finance site to learn more 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: 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 Review our full benefits available by employment status here. 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 factors protected under applicable law. 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, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $143,905.00 - $169,300.00 U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures. Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies. Posting may be closed earlier due to high volume of applicants. 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.