Environmental Finance - Business Development Associate

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

This role has multiple levels, open to candidates with 6+ years of related experience, OR MBA/JD and 3+ years related experience. The successful candidate will be hired for the level of the position that aligns with their experience.

U.S. Bank is currently seeking a strong candidate to join our growing team of renewable energy finance professionals as a Business Development Associate. The candidate will assist in the marketing, acquisition and initial underwriting of loans or/and tax equity investments which will finance the installation of renewable energy property across the country. Loans and investments are made through U.S. Bancorp Community Development Corporation, affiliates, or subsidiaries for the purpose of accruing tax, cash, and other benefits. Candidates are expected to cultivate internal and external relationships and provide clients with tailored solutions using the entirety of U.S. Bank's platform.

The Business Development Associate is responsible for providing a broad variety of duties which would include assisting Relationship Managers and Business Development Officers in the review project proposals, analyzing complex cash flows, loan and tax investment schedules, responding to prospect inquiries, managing the business line's tracking of pipeline volumes, and supporting various corporate and business line strategic initiatives.

ESSENTIAL FUNCTIONS:

1.Analyzes and summarizes developer-produced renewable investment proposals and models at the direction of Business Development Officers.

2.Communicates with internal partners and external customers to gather information and assists in the initial underwriting of renewable energy debt and tax equity opportunities.

3.Performs initial debt and tax equity modelling for the purpose of providing initial financing proposals.

4.Assists in the preparation of tax equity and/or debt term sheets which detail, among other things, pricing proposals, structuring considerations, conditions to funding, and the allocation of transaction risks.

5.Facilitates the transition of originated investments to other internal teams.

6.Collects information and produces bi-weekly reports related to various aspects of the renewable energy pipeline including deal prospects and credit delivery forecasting, fee estimates and expense tracking.

7.Participates in the establishment of policies, procedures and training necessary for accomplishing the group's tasks.

8.Works with internal partners in the selection and engagement of third-party professionals (attorneys, accountants, appraisers) in coordinating the drafting, collection, and review of documents and financial projections necessary to close financings.

9.On an as-needed basis, negotiates, structures, underwrites, and closes equity or debt opportunities.

10. Demonstrates fluency in credit policy and best business practices.

11. Efficiently prioritizes and completes a multitude of complex projects often on short timelines.

12. Participates in special projects as assigned.

13. Coordinates amongst underwriting, capital markets, derivatives, syndication and other product partner teams in support of lead opportunity execution

14. Willingness to travel to client facing meetings on an as-needed basis

Basic Qualifications

• Typically Bachelor's degree and six or more years of related experience

OR

• MBA/JD with three or more years of directly related experience

Preferred Skills/Experience

• Basic understanding of tax credit programs

• Good knowledge of risk assessment and evaluating targeted returns from investments

• Well-developed analytical and problem-solving skills

• Ability to manage multiple tasks/projects and deadlines simultaneously

• Ability to identify and resolve exceptions and to interpret data

• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications, financial spreadsheets, and customer relationship management systems

• Related experience includes financial services and/or commercial real estate activities

U.S. Bancorp Impact Finance, the tax credit and community development division of U.S. Bank, believes all people have a right to the possibilities that comes with living in a safe and vibrant community. The financing USBIF provides for affordable housing, economic development, and renewable energy projects have a lasting social and environmental impact in communities. Visit USBIF on the web to find out more at www.usbank.com/cdc.

U.S. Bancorp Community Development Corporation is now operating as U.S. Bancorp Impact Finance. All job postings under U.S. Bancorp Impact Finance reside within the USBCDC organization.

Location Expectations

The 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

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 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.

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: $108,375.00 - $127,500.00 - $140,250.00

U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.

U.S. Bank accepts applications for this position on an ongoing basis.