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Job Description
U.S. Bancorp Impact Finance (USBIF) is currently seeking a candidate to join our growing team of tax credit syndication professionals as a Project Management Associate (PMA). The PMA’s responsibilities include supporting the negotiating, underwriting, structuring, and closing of complex Renewable Energy investments with tax credit purchasers and tax equity investors. The PMA’s primary focus will be on 6418 transfers and tax equity syndications utilizing Renewable Energy Tax Credits (RETCs). The PMA’s job will include supporting the preparation and negotiation of legal documentation, the provision of due diligence deliverables, and the obtainment of credit approval. Additionally, the PMA will lead post-close work on 6418 transfer transactions, which includes a thorough understanding of the legal documents governing our transfer transactions and executing on all of our post-close obligations and responsibilities, including timely collection of final purchase price installments and the proper filing of transfer election statements and tax returns.
Primary Responsibilities
Participate and support Syndications Project Managers during the closing of tax equity investments by investors; this includes traditional tax equity syndications as well as transfer transactions.
Engage and manage third party professionals including attorneys, accountants and consultants.
Review complex legal documents pertaining to structured credit arrangements and investments; work with counsel and business partners to negotiate with investors and manage risks on behalf of USBIF.
Prepare, review, analyze and negotiate financial models and address investor questions and requests.
Prepare and provide diligence materials requested by investors, counsel and/or consultants in furtherance of investor’s internal and external approval processes; review, analyze and respond to questions or requests regarding the investment structure, underlying projects and/or USBIF.
Prepare, submit and obtain internal investment approvals.
Successfully transition closed investments to Syndication Fund Managers for ongoing management and investor relations.
Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level investments and transfers.
Close transactions in accordance with bank policies while managing customer expectations and timelines.
Participate in special projects, including the development and revision of internal policies, procedures and trainings.
Actively ensure compliance with the U.S. Bank Code of Ethics and all Anti‐Money Laundering, Bank Secrecy Act, and information security policies and procedures. Follow account opening procedures and internal suspicious activity referral requirements and processes.
Basic Qualifications
Preferred Skills/Experience
Highly motivated self-starter who has a good attention to detail, growth mindset, and ability to be comfortable in periods of unpredictability.
Ability to work independently as well as collaboratively in a team environment.
Ability to drive components of projects.
Understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
Knowledge of or experience with financial modeling techniques and/or legal document negotiation. Ability to review and synthesize a large quantity of deal related documentation and materials, including third party reports, loan/investment documents, and other legal documents. Able to identify key issues and concerns, manage review timelines, and problem solve using creativity and innovation.
Excellent time management skills with the ability to effectively manage client timelines and needs. Ability to identify obstacles and manage expectations, both internally and externally.
Effective listener and advanced communication skills, both oral and written.
Effective critical thinker and creative problem solver.
Demonstrates coachability, a growth mindset and positive attitude.
Demonstrates interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of tax credit investments.
Experience within the Renewable Energy industry (preferred)
Knowledge of construction finance and legal documentation (preferred).
Tag: INDMO
*This 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 (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, 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: $95,285.00 - $112,100.00 - $123,310.00
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.
U.S. Bank accepts applications for this position on an ongoing basis.
