CDC Director of Asset Management - Community Lending

CDC Director of Asset Management – Community Lending - 170041086
 

At U.S. Bank, we're passionate about helping customers and the communities where we live and work. The fifth-largest bank in the United States, we’re one of the country's most respected, innovative and successful financial institutions. 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.

 
Reports to the CDC’s Head of Community Lending. Leads a team of 17 Asset Managers that are responsible for managing over 635 credit facilities involving more than $3.5B in commitments. Responsible for providing strategic direction and leadership to the team, relationship management, optimizing return/revenue and managing risks involved with Affordable Housing and Market Rate Housing real estate developments. Requires knowledge of credit policy, financing tools used in debt transactions, familiarity with financing documentation and interpretation of legal documents. Other job qualifications include leadership and management experience, strong business acumen, the ability to work as part of a multi-disciplinary leadership team, strong analytical abilities, strong communication skills and strong prioritization skills.

Duties and Responsibilities / Goals
Staff Management and Development:

• Provide strategic direction and leadership to the entire team.
• Manage and develop direct reports.
• Follow up on all required training for Direct Reports.
• Monitor their progress on their development plan to create promotable staff members.
Spot junior talent in the group and work to develop junior members.
 


Leadership:
• Hold regular team meetings and 1:1 meetings with direct reports.
• Hold working meetings to allow for a forum to walk through work-outs, refinances, maturities, and other special requests.
• Make decisions on processes, procedures, technology, staffing, budgeting, and complex deal issues.
• Actively participate in meetings with senior management and those in other business lines, including Investment Committee.
• Model and ensure that all team members exhibit PRIDE, DRIVE and are APPROACHABLE.
• Delegate responsibilities to Direct Reports and encourage Direct Reports to participate in special projects including but not limited to Technology, Policy and Procedure, and Reporting.

Model compliance with U.S. Bank's core values.



Business Operations:
• Review and approve submittals of Credit Modifications (WAMs), Watch List Projects (PCMRs), and Annual Reviews for content and completeness and provide necessary feedback.
• Monitor deadlines and productivity levels for Quarterly Trend Reports, Watch List Projects (PCMRs), and Annual Reviews.
• Review Summary Loan Reports in weekly portfolio reviews.
• Present overall portfolio performance on a quarterly basis to senior management and Credit Administration.
• Actively participate in meetings with investment partners and development of long term client relationships.

Required Skills:
1. Leadership Skills
• Ability to lead a team in planning, organizing, and managing multiple projects and priorities to accomplish deadlines.
• Ability to communicate effectively, both orally and in writing, with groups and individuals, at various levels.
• Ability to delegate duties and assignments in order to achieve objectives.
• Skill in developing policies and procedures designed to meet the goals and objectives of the organization.
• Skill in the preparation and presentation of ideas and information in both formal and informal settings.
• Strong knowledge of the principles and practices of management and employee development.

2. Analytical Skills
• Ability to think critically to solve problems with rational solutions.
• Ability to react and make decisions quickly under pressure with good judgment.

3. Technical Expertise
• Responsible for keeping current on commercial lending policies, banking laws and regulations, economic and financial trends, and Bank products and services.
• Extensive knowledge and experience in federal and state low-income housing tax programs, including regulation and compliance requirements.
• Knowledge in other housing financing such as PHA, HUD, HOME, RD, etc. and a working knowledge of mixed-financing structures used in affordable housing development and operations
• Familiarity with partnership and accounting structures.
• Comprehensive knowledge of multifamily housing operations, including property management principles and practices.
 
Location: This position will be located in our offices in St. Louis, Minneapolis, Portland, Chicago, Denver, LA, Sacramento, San Francisco, or San Diego. Location in (or re-location to) one of these sites is required.
 

Qualifications

 
  • Bachelor’s degree in business, urban planning, public administration or equivalent (master’s degree preferred);
  • 7 years of management experience;
  • strong leadership skills; and proven ability in motivating employees and promoting team work.
  • Experience must be in real estate asset management, multi-family housing management, program management of federal housing programs, and interpreting and implementing HUD regulations.
  • Knowledge and experience with Section 42 Regulations, Partnership and tax Compliance.
 

Job

Executive

Primary Location

Missouri-MO-Saint Louis

Other Locations

Other Locations IL-IL-Chicago, CA-CA-San Diego, Colorado-CO-Denver, CA-CA-San Francisco, Oregon-OR-Portland, Minnesota-MN-Minneapolis, CA-CA-Sacramento, CA-CA-Los Angeles

Shift

1st - Daytime

Average Hours Per Week

40