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Job Description
U.S. Bancorp Impact Finance is seeking an experienced finance professional to join our growing Affordable Housing team as a real estate Financial Modeling Analyst. The analyst will be responsible for conducting financial modeling and analysis of Low-Income Housing Tax Credit (LIHTC) equity investments and debt transactions.
The analyst will work directly with Business Development Officers, underwriting Project Managers, and Asset Managers throughout all deal phases to ensure deals balance profitability and risk targets. The analyst will also ensure deals are structured correctly to meet investment program requirements. The individual will be responsive to a range of internal and external stakeholders through clear and timely communication of financial concepts.
Essential Functions
Performs and supports deal level financial and profitability modeling including; deal input, IRR analysis, deal structuring, issue resolution, model customization for unique deal structures, and financial quality control.
Serve as a critical deal team member during the origination, underwriting, closing, and asset management process.
Provide ongoing technical support, training and issue resolution, along with an ability to explain and troubleshoot complex formulas and dependent.
Provide highly responsive financial support to internal relationship managers, underwriters, and asset manager stakeholders to meet deal timelines and exceed customer expectations.
Collaborate with external customers, accountants, and legal counsel to effectively structure, develop, and manage deal closing projections.
Collaborate cross-functionally to connect financial information with Impact Finance syndication investment funds through timely communication, technology innovation and financial process improvement.
Effectively communicate and synthesize inputs, outputs, and key assumptions within a financial model to various financial and non-financial stakeholders.
Efficiently prioritize and complete a multitude of complex analysis and modeling projects, often on short timelines.
Basic Qualifications
Bachelor's degree and six or more years of related experience
OR
MBA/JD with three or more years of directly related experience
Preferred Skills/Experience
Knowledge of Microsoft Excel including complex formulas, decision scenarios and if/then data dependencies
Knowledge of building and running real estate finance models to maximize profitability and balance risk
Exposure to Affordable Housing industry, LIHTC program and deal financial structures
Knowledge of project finance processes: origination, yield management, underwriting, and closing
Excellent verbal and written communication skills with experience explaining financial concepts to a wide range of stakeholders and customers
Detailed understanding of deal profitability metrics, IRR, Shareholder Value Analysis and financial drivers
Bachelor's degree in Finance, Accounting, Mathematics, Business Administration, or equivalent work experience
Five or more years of related experience in real estate finance, financial analysis or accounting
Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to affordable housing
U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.
Location
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 (https://careers.usbank.com/global/en/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
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 (https://careers.usbank.com/verification-of-eligibility-for-employment) .
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: $111,605.00 - $131,300.00 - $144,430.00
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.
