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 Environmental Finance Group (the “EF Group”) provides financing to developers/independent power producers (“IPPs”) of renewable energy and other clean infrastructure assets throughout the United States.
The Impact Capital Manager (“ICM”) for Environmental Finance will be responsible for developing the U.S. Bancorp Impact Finance (“USBIF”) EF Group’s efforts to:
- (70%) Execute on opportunities to lend and invest in projects qualifying as Impact Capital under its current business platform. For purposes of this job, “Impact Capital” includes: (a) loans and investments made to firms that are owned or led by Black, Indigenous, and POC individuals, (b) loans and investments that support wealth creation in among Black, Indigenous, and POC individuals and communities, and (c) loans and investments that support environmental and energy justice in Black or POC communities by reducing emissions from the electric sector, providing clean energy, water, or other clean infrastructure, reducing energy costs in disadvantaged communities, and/or improving grid reliability in disadvantaged communities. The ICM will build relationships to help lead US Bank’s climate finance efforts to increase participation from Black-led and POC-led developers.
- (10%) Support development of new programs and initiatives that will drive equitable access to capital and growth in Impact Capital lending and investing. These programs and initiatives may involve expanding the EF Group’s products and services to Black-led, Indigenous-led, and POC-led IPPs and ensuring alignment among EF’s racial equity/equitable access to capital goals and USBIF supporting functions in strategic external partnership development
- (20%) Coordinate the EF Group’s Impact Capital efforts with broader efforts within USBIF and US Bank to advance racial equity and drive wealth creation among Black, Indigenous, and POC individuals and communities. The ICM will work with USBIF impact measurement staff to provide guidance on appropriate metrics for the EF Group’s Impact Capital platform. The ICM should be able to communicate roadblocks with internal stakeholders to problem solve and execute solutions to continue to execute on USBIF goals.
This role should also have an understanding of Diversity, Equity, and Inclusion work in the renewable energy, clean infrastructure, and/or banking industries with a specific focus on racial equity, equitable access to capital, and an equitable energy transition.
Summary Of Essential Job Functions
A successful candidate for the position will demonstrate the ability or potential to:
- Negotiate, structure, and underwrite investments in high-impact clean energy assets developed by Black-led, Indigenous-led, and POC-led IPPs.
- Identify and build relationships with existing and potential renewable energy and clean infrastructure IPPs that are Black-led, Indigenous-led, and POC-led.
- Support initial evaluation of EF investment opportunities with Black-led, Indigenous-led, and POC-led developers and negotiation of investment terms
- Work with internal and external stakeholders to execute on mission-aligned development of new programs to support Black-led, Indigenous-led, and POC-led developers, either through partnerships or new/expanded bank products and services.
- Effectively communicate with IPPs and US Bank personnel
- Effectively collaborate with cross functional teams and lead multi-group projects
- Have strong interpersonal and marketing skills
- Have working knowledge of the renewable energy industry
- Negotiate, structure, underwrite, and close investment or debt opportunities with Black-led, Indigenous-led, and POC-led developer projects and/or environmental justice projects, on an as-needed basis
- Occasional travel required
Basic Qualifications
- Typically Bachelor’s degree and eight or more years of related experience
OR
- MBA/JD with five or more years of directly related experience
Preferred Skills/Experience
- 3-5 years of experience in renewable energy, financial services and/or other energy or infrastructure activities
- Basic financial analysis proficiency required and working knowledge of financial modeling in Microsoft Excel
- Prior experience as an analyst, asset manager, or underwriter
- Educational background in business, economics, or finance
- Basic understanding of renewable energy tax credit programs and structures
- Solid understanding of Diversity, Equity, and Inclusion work in the renewable energy, clean infrastructure, and / or banking industry with a specific focus on racial equity and access to capital
- Demonstrates fluency or ability to quickly become proficient in U.S. Bancorp credit policy and best business practices
- Customer relationship and sales experience, especially with Black-led, Indigenous-led, and POC-led organizations
- Excellent communication and collaboration skills
- Self-starter and able to work in environment with minimal direction
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 come with living in a safe and vibrant community. Our investments in affordable housing, economic development and renewable energy projects have a lasting social and environmental impact in communities. Visit www.usbank.com/cdc to learn more.
Our teams put equity at the center of our intentions, operations, and actions. Diverse identities, backgrounds, and perspectives help to create a better workplace for everyone, should be appreciated, and should be intentionally sought out. All our employees should have access to opportunities for growth and development throughout their careers. By putting equity at the center, our organization will retain great employees who know they will be able to make meaningful contributions and to do their best work here.
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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.
Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.
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, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $131,240.00 – $154,400.00 – $169,840.00
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.