Impact Finance - Syndications Project Manager

$108,375 - $127,500/Yr

US Bank - St. Louis, MO

Full-time - Mid Level

St. Louis, MO

Credit Intermediation and Related Activities

About the position

U.S. Bancorp Impact Finance (USBIF) is currently seeking a candidate to join our growing team of tax credit syndication professionals as a Project Manager (PM). The PM's responsibilities include leading the underwriting, structuring, negotiating, and closing of complex investments with tax equity investors. The PM's primary focus will be on tax equity syndications utilizing Renewable Energy Tax Credits (RETCs). The PM will lead the preparation and negotiation of legal documentation, preparation of financial models, provision of due diligence deliverables, obtainment of credit approval, and closing of investments. The role requires the PM to lead the closing of tax equity investments by investors, which includes traditional tax equity syndications as well as transfer transactions. The PM will engage and manage third-party professionals including attorneys, accountants, and consultants. They will review complex legal documents pertaining to structured credit arrangements and investments, working with counsel and business partners to negotiate with investors and manage risks on behalf of USBIF. Additionally, the PM will prepare, review, analyze, and negotiate financial models and address investor questions and requests. The PM will also prepare and provide diligence materials requested by investors, counsel, and/or consultants in furtherance of the investor's internal and external approval processes. This includes reviewing, analyzing, and responding to questions or requests regarding the investment structure, underlying projects, and/or USBIF. The PM will prepare, submit, and obtain internal investment approvals and successfully transition closed investments to Syndication Fund Managers for ongoing management and investor relations. Coordination with internal and external USBIF departments to facilitate underwriting and closing of project-level loans and investments is also a key responsibility. The PM must close transactions in accordance with bank policies while managing customer expectations and timelines. Participation in special projects, including the development and revision of internal policies and procedures, is expected. The PM will 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.

Responsibilities

• Lead the closing of tax equity investments by investors, including traditional tax equity syndications and transfer transactions.
• Engage and manage third-party professionals including attorneys, accountants, and consultants.
• Review complex legal documents pertaining to structured credit arrangements and investments; negotiate with investors and manage risks on behalf of USBIF.
• Prepare, review, analyze, and negotiate financial models and address investor questions and requests.
• Prepare and provide diligence materials requested by investors, counsel, and/or consultants in furtherance of investor's internal and external approval processes.
• Prepare, submit, and obtain internal investment approvals.
• Successfully transition closed investments to Syndication Fund Managers for ongoing management and investor 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.
• Ensure compliance with the U.S. Bank Code of Ethics and all Anti‐Money Laundering, Bank Secrecy Act, and information security policies and procedures.

Requirements

• Bachelor's degree and six or more years of experience or MBA/JD with three or more years of directly related experience.
• Experience within the Renewable Energy industry.
• Understanding of tax credit investment programs and structures, along with knowledge of regulatory and company risk policies.
• Knowledge of or experience with financial modeling techniques and/or legal document negotiation.
• 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 with 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.

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 (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