Impact Finance Affordable Housing - Director of Project Management

U.S. Bank • St. Louis, MO

1d • Hybrid

About The Position

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 Director of Project Management (DPM) for Affordable Housing reports to the Managing Director of Affordable Housing at Impact Finance. Working alongside the Directors of Business Development, Client Services, and Asset Management, the DPM collaborates across the Bank to achieve lending and investment targets, drive revenue and manage risk. The DPM supervises six leaders and specialists who handle the modeling, negotiating, structuring, underwriting and closing of capital commitments to affordable housing developers leveraging the low-income housing tax credit (LIHTC). Overall, the Project Management Team is made up of approximately 40 professionals. The group’s core products to affordable housing developers are construction loans and low-income housing tax credit investments but the DPM also leads the team through the closings of unique transactions, plays an instrumental role in the development of new products and leverages technology to drive productivity, decision-making and insights. Key groups within the Bank that require a strong partnership with the DPM are Business Development, Asset Management, Syndications, Loan Capital Markets, Derivatives, Corporate Trust, Finance and Credit Risk Management. Externally, the DPM manages the Bank’s relationships with third party professionals (attorneys, accountants, etc) and represents the Bank in the affordable housing industry.

Requirements

• Typically Bachelor's degree, or equivalent work experience
• Typically 12 or more years of banking and/or tax credit industry experience
• Typically five or more years of management experience
• Thorough understanding of construction lending and low-income housing tax credit investing
• Strong knowledge of finance, legal documentation and requirements, real estate property management, and accounting
• Well-developed leadership abilities and strategic management skills
• Ability to communicate clearly, concisely and with context, both verbally and in writing
• Strong analytical, decision-making and problem-solving skills
• Considerable tact and people skills

Nice To Haves

• General real estate development and/or property management background preferred
• MBA in finance or accounting preferred

Responsibilities

• achieve lending and investment targets
• drive revenue
• manage risk
• supervises six leaders and specialists who handle the modeling, negotiating, structuring, underwriting and closing of capital commitments to affordable housing developers leveraging the low-income housing tax credit (LIHTC)
• leads the team through the closings of unique transactions
• plays an instrumental role in the development of new products
• leverages technology to drive productivity, decision-making and insights
• manages the Bank’s relationships with third party professionals (attorneys, accountants, etc)
• represents the Bank in the affordable housing industry

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

What This Job Offers

• Job Type: Full-time
• Career Level: Director