Access to Capital Director
Requisition ID: Not provided
About the Employer
U.S. Bank is committed to helping customers and businesses make better and smarter financial decisions while enabling the communities it serves to grow and succeed. The company's Business Impact Group (BIG) was formed to assist the Impact Finance Group in addressing U.S. Bank's commitment to close the wealth gap through its signature Access Commitment Initiative by increasing the volume of lending and tax credit equity investing with emerging entities.
Role Summary
Reporting to the Head of Access to Capital, the Access to Capital Director will be responsible for enabling the execution of Impact Finance's strategic priorities related to increasing access to capital (debt and tax credit equity). The role will involve identifying market gaps, collaborating with internal teams, and developing programs and partnerships to support emerging developers in affordable housing.
What You'll Do
- Complement business development efforts to identify market gaps and devise strategy to increase the number of emerging developers that receive funding and technical assistance (40%)
- Plan and lead regular Access to Capital meetings with internal stakeholders to achieve agreed-upon joint priorities and performance measures
- Research, design, implement and manage programs to address identified market gaps based on collaboration with the Affordable Housing Emerging Markets Manager (40%)
- Identify industry partnerships that provide access to capital and technical assistance for emerging developers
- Collaborate with the Syndications Team to identify social impact investors to meet Impact Finance's goals for deal origination and syndication
- Identify conference and market activation sponsorship opportunities that provide brand recognition, market intelligence and access to emerging developers
- Research and identify needs and gaps in the marketplace that will lead to pipeline opportunities and improved capacity of developers of color (10%)
- Provide affordable housing metrics needed to reflect performance towards Impact Finance financial goals and enterprise initiatives such as Access Commitment, Community Benefits Plan and CRA (10%)
- Coordinate with Impact Measurement and Management and Finance teams to generate reports for senior management and enterprise enabling functions
- Collaborate with the Emerging Markets Manager and Impact Measurement team to establish key performance indicators to measure program impact
Required Qualifications
- Bachelor's degree
- 7+ years of experience specifically in underwriting affordable housing loans and equity investments or affordable housing development experience
- Strong knowledge of complex affordable housing financing structures, including LIHTC program rules
- Familiarity with Federal and local financing sources such as HOME, CDBG, TIF
- Commitment to community development and equity as identified in prior work and experience
- Strong communication skills demonstrating attention to detail and professional writing style
- Strong organizational skills including ability to follow through independently
- Capacity to prioritize multiple tasks to meet deadlines
- Ability to travel up to 40%
Compensation
$139,230–$163,800
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 (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.
Additional Information
U.S. Bank participates in the E-Verify program in all facilities located in the United States and certain U.S. territories. U.S. Bank conducts background checks consistent with applicable local laws and Section 19 of the Federal Deposit Insurance Act. Certain positions may be subject to 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 agreements 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.
Equal Opportunity Statement
U.S. Bank is an equal opportunity employer and will consider qualified applicants with arrest or conviction records for employment. 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.
