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Impact Finance - Construction Coordinator

U.S. Bancorp

U.S. Bancorp

Accounting & Finance
St. Louis, MO, USA
Posted on Friday, November 17, 2023

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

Provides support for the Construction Risk Management team by monitoring the team’s shared email inbox and distributes approximately 200-300 emails monthly. Processes and files correspondence accurately to ensure a timely response. Accurately enters construction draw packages into Gateway database, reviews PDF files, extracts and labels documents appropriately and saves them to the correct folder on the server within several hours of receipt. Completes preliminary reviews of construction draws for LIHTC investments/loans and notifies the Construction Risk Manager (CRM) of any missing documentation. Works in partnership with CRMs to collect required due diligence. Communicates with external Construction Consultants to obtain monthly consultant reports and invoices. Uses AFS to retrieve loan statements. Collaborates with Portfolio Servicing Analyst and Loan Servicing Specialist to ensure real estate taxes are paid and insurance requirements are met. Should demonstrate basic analytical and problem-solving skills, along with interpersonal, written and verbal communication skills.

The US Bancorp Impact Finance (USBIF) portfolio of multifamily commercial loans and tax credit equity investments (the “Assets”) involves Low-Income Housing Tax Credits (LIHTCs) and may also include Historic Tax Credits (HTCs) and/or Renewable Energy Tax Credits (RETCs). The Assets are held by USBIF or other affiliates of US Bank and US Bancorp, and provide tax, cash and CRA benefits to US Bank NA.

Basic Qualifications

  • Typically a Bachelor's degree, or equivalent work experience
  • Generally one to two years of job-related experience


Preferred Skills/Experience

  • Ability to thrive in a process-oriented, daily deadline-driven role with a rapid turnaround required
  • High attention to detail with ability to interpret financial and other data and identify and resolve exceptions or missing items
  • Ability to forge positive and trusting relationships among colleagues with diverse work styles
  • Excellent verbal, written, and interpersonal communication skills
  • Basic understanding of credit requirements and adherence to policy and procedures

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. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.

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.

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.

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $24.18 - $32.21 - $35.43