What are the responsibilities and job description for the Impact Finance: Syndications Assistant Director of Fund Management position at U.S. Bank National Association?
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 Impact Finance Syndications Assistant Director of Fund Management (ADFM) is a senior leader of the Syndications team. The role is critical in determining strategy and investor management to grow the Syndications platform, strengthen investor relationships, and capitalize on the strong revenue opportunities. This ADFM is responsible for high level Syndication strategy in investor management for our syndications platform as well as effectively and efficiently leading a team.
The ADFM will manage a team of Fund Managers who oversee the day-to-day operations and performance of a portfolio of syndicated tax credits focused on Low Income Housing Tax Credit funds as well as the New Markets Tax Credit funds. The ADFM will be very involved in the development and build out of an unguaranteed syndications platform which will require strong industry experience, a focus on process improvements, and strong collaboration skills. Additionally, the ADFM will provide leadership and training over the day‐to‐day operations of the overall portfolio of funds under management.
A successful candidate for the Syndication Assistant Director of Fund Management will demonstrate the ability to lead a team of Fund Managers with respect to the following:
Preparation of annual and quarterly performance reports to investors, including quarterly financial models of the Syndicated Funds’ tax benefit schedules,
Review of tax returns associated with tax credit projects and analysis of variances from original projections,
Recording journal entries and performing additional accounting work associated with the Syndicated Funds,
Communicating with investors and responding to investor requests,
Preparing internal approval memos and annual review memos related to the Syndicated Funds,
Interacting with other teams within U.S. Bank to understand project performance and gather information required for the preparation of the annual tax returns and audits for the syndicated funds.
The ADFM will also be responsible for the following leadership tasks:
Ongoing development and coaching of staff,
Developing the overall strategy for Fund Management in partnership with the Director of Fund Management,
Serving as the leadership contact within the organization with respect to specific tax credit programs,
Overseeing special projects related to growth and process improvements within the team,
Overseeing relationships with outside vendors assisting with the preparation of annual reporting.
Basic Qualifications
Typically Bachelor's degree in finance, accounting, or other related fields, or equivalent work experience
Typically eight or more years of related experience
Typically three or more years of management experience
Preferred Skills/Experience
Strong understanding of the market in all tax credit asset classes
Well-developed leadership abilities and strategic management skills
Effective verbal and written communication skills
Strong analytical, decision-making, and problem-solving skills
Considerable tact, diplomacy, and people skills
Master's degree 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
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.
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: $143,905.00 - $169,300.00 - $186,230.00U.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.
Salary : $143,905 - $169,300
