CIC Senior Project Manager III - Team Lead

Responsibilities

• Manage a team of project managers and provide support such as transaction pipeline management, coaching, mentoring, training, problem solving, technical reviews of underwriting and financial projections, quality control, ensuring compliance with policies, procedures, and guidelines.
• Human resource responsibilities such as people management, talent development, performance management, recruitment and hiring, and compensation.
• Closely collaborate with the Director of Project Management.
• Independently lead underwriting and closing for debt facilities and equity investments, coordinating successful, timely closings with all internal and external groups (e.g., closers, loan administrators, RETS, third-party reports, counsel, other lenders, etc.).
• Ensure proposed tax credit financed project complies with all tax provisions required to maximize investment value, including 704(b) capital account analysis.
• Work with counsel to negotiate partnership agreement terms that protect the Banks’ ownership interest in LIHTC investments and ensure consistency between the Bank’s lending documents and partnership documents.
• Acting as primary contact with the developer during the underwriting and closing process with an emphasis on building relationships.
• Drafting and presenting comprehensive memoranda summarizing the transaction, including deal structure, budgets, guarantor analysis, compliance, risks and mitigants, risk ratings, and final recommendations. Memos should be of high quality and based on sound underwriting.
• Leading in continuous improvement and development of various CIC infrastructure projects.
• Proactively collaborating with other CIC colleagues to create Best in Class project management, underwriting, closing, and asset management platform.
• Working with CIC business development on analyzing and structuring opportunities prior to issuance of term sheets.
• Acting as a key point of contact with Credit in investments and loans via regular and substantive updates to key issues.
• Training and mentoring junior employees and analysts.
• Representing the Bank in industry events and participate in industry leading discussions, including policy.

Qualifications

• Bachelor's Degree
• 8+ years of LIHTC experience
• 6+ years of LIHTC (or CRE) underwriting and closing experience