Portfolio Manager II, Community Development ( LIHTC)

Job Summary

The Commercial Real Estate Banking Community Development team is seeking a CRE Portfolio Manager with experience within the affordable housing space. In particular, lending and credit experience with debt and/or equity investments related to Low Income Housing Tax Credit (LIHTC) is a requirement, with the expectation that these skills will be further developed while in this role.

Responsibilities

• Underwrite existing LIHTC debt and equity portfolio credit approvals for renewals and other Credit requests pertaining to existing clients
• Underwrite opportunity memos and full credit approvals for new affordable housing business clients
• Independently analyze credit and financial information of property and individuals to determine the degree of risk associated with the extension of credit or investment of equity
• Proactively manage covenant compliance testing for existing clients and new clients on an ongoing basis
• Develop a working knowledge of credit/loan policy for credit requests and exceptions
• Perform collateral analysis of current and prospective customers
• Actively participate in existing client and potential new client meetings/site visits with banking team
• Handle various aspects of a customer relationship except negotiations pertaining to pricing and loan structuring
• Maintain Annual Review form for multi-year CRE borrowing facilities for existing clients
• Work with external and internal business partners on review of deal related legal documents and assist with closings
• Ongoing monitoring, tracking, and management of the reporting requirement and loan documentation exception process
• Effective communication with Credit and Commercial Real Estate Banking Officers

Qualifications

• 3+ years’ commercial real estate/credit experience, with experience working on LIHTC transactions, a working knowledge of banking environment, products and all supporting processes and technology
• Formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, and banking policies/procedures
• Bachelor’s degree (Business, Finance, Accounting or Economics preferred)
• Intermediate to advanced understanding of LIHTC
• Proficiency in MS Office: Excel, Word, PowerPoint, and financial forecast models
• Strong analytical and organizational skills with the ability to proactively manage and prioritize workflow
• Strong interpersonal skills with a proven ability establishing client relationships and working within a team environment

Benefits

• Medical Insurance
• Dental
• Vision
• Life insurance
• Accidental death and dismemberment
• Short-term and long-term Disability Insurance
• Parental Leave
• Employee Assistance Program (EAP)
• Traditional and Roth 401(k) with company match
• Flexible Spending Account (FSA)
• Employee Stock Purchase Plan at 5% discount
• Critical Illness Insurance
• Accident Insurance
• Transportation and Commuting Benefits
• Banking Benefits
• Pet Insurance

Compensation

The estimated salary range for this role is $85,000-$110,000, along with eligibility to earn an annual bonus. Actual salaries may vary based on several factors, such as a candidate's qualifications, skills and experience.