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U.S. Bank Impact Finance: Syndications Senior Project Manager - Renewable Energy in New York, New York

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

U.S. Bancorp Impact Finance (USBIF) is currently seeking a candidate to join our growing team of tax credit syndication professionals as a Senior Project Manager (PM). The Senior PM’s responsibilities include leading the negotiating, underwriting, structuring, and closing of complex Renewable Energy investments with tax credit purchasers and tax equity investors. The Senior PM’s primary focus will be on 6418 transfers and tax equity syndications utilizing Renewable Energy Tax Credits (RETCs). A significant portion of the Senior PM’s job will be leading the preparation and negotiation of legal documentation. The Senior PM will also work on the provision of due diligence deliverables, the obtainment of credit approval, and the review of financial models, ultimately driving towards the closing of investments. Additionally, the Senior PM will serve as a leader on the team, including mentoring and training others as well as exploring new product development.

Primary Responsibilities

  • Lead the closing of tax credit investments by purchasers and investors; this includes 6418 transfer transactions as well as traditional tax equity syndications.

  • Review complex legal documents pertaining to structured credit arrangements and investments; work with counsel and business partners to negotiate with purchasers and investors and manage risks on behalf of USBIF.

  • Prepare and provide diligence materials (i.e., appraisals, cost segregation reports, IE reports, etc.) requested by purchasers and investors, counsel and/or consultants in furtherance of purchaser and investor’s internal and external approval processes; reviews, analyzes and responds to questions or requests regarding the investment structure, underlying projects and/or USBIF.

  • Serve as a mentor to others on the team, including preparation and facilitation of trainings.

  • Lead and explore efforts with new product development to help drive the growth of our platform.

  • Engage and manage third party professionals including attorneys, accountants and consultants.

  • Prepare, review, analyze and negotiate financial models and address investor questions and requests.

  • Prepare, submit and obtain internal investment approvals.

  • Successfully transition closed investments to Syndication Project Management Associates and Fund Managers for ongoing management and customer relations.

  • Coordinate with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments.

  • 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 and procedures.

  • 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

  • Bachelor's degree and eight or more years of experience or MBA/JD with five or more years of directly related experience

Preferred Skills/Experience

  • Experience within the Renewable Energy industry.

  • Understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.

  • Experience with reviewing and negotiating legal documents.

  • Knowledge of or experience with financial modeling techniques.

  • Ability to drive components of projects.

  • Knowledge of construction finance and legal documentation.

  • 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.

  • 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.

  • Demonstrated interest in promoting diversity in the workplace and a commitment to maximizing equitable access to the benefits of tax credit investments.

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 (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

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 (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) 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 (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: $123,165.00 - $144,900.00 - $159,390.00

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.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.

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