CRA Credit & Investment Business Strategy Manager

This is a fully remote position, open to applicants in Alabama, +6 more states.

📋 Description

• Formulate and execute long-term credit and investment strategies for community development within the Bank’s Assessment Areas.

• Evaluate CRA credit and investment opportunities that align with CRA/Community Development and the Bank's strategic objectives.

• Underwrite and structure transactions, oversee documentation, and lead the underwriting and due diligence processes for qualifying CRA investments, including LIHTC, NMTC, EQ2, and SBIC.

• Balance strategic objectives, community impact, profitability, policy, and risk.

• Serve as an internal advocate for CRA initiatives with business line partners and external stakeholders, including investors, developers, and vendors.

• Develop and implement strategies in collaboration with Senior Leadership, the CRA Investment Working Group, Community Engagement, Corporate Stewardship, CD Officers, and local leadership.

• Coordinate with Credit, Small Business, Commercial, Retail, Mortgage, ERM, MarCom, Corporate Stewardship, and regional/community leadership to address local needs.

• Assist local leadership in identifying investment opportunities and resources for new Community Development loans and investment projects.

• Lead and support community development loans and investments, encompassing both commercial and mortgage-related transactions.

• Conduct or assist with commercial and community development credit underwriting, analyzing financial statements, cash flows, collateral, repayment sources, global debt capacity, and risk factors.

• Assess, structure, and recommend community development loans and investments that align with CRA objectives, credit policies, and risk appetite.

• Perform due diligence on LIHTC, NMTC, EQ2, loan funds, CDFI-related credit extensions, and securitized investments.

• Prepare or contribute to credit memos, investment summaries, approval packages, and materials for portfolio monitoring.

• Collaborate with Credit, Finance, Risk, CRA Investment Working Group, CD Officers, and leaders from various business lines on transaction structuring, policy compliance, risk appetite, and eligibility.

• Monitor the performance, covenant compliance, and impact/results of community development credit and investments.

• Identify and alleviate transaction, credit, operational, compliance, and strategic risks.

• Analyze data and create risk assessments and mitigation strategies.

• Engage with internal and external stakeholders through effective communication, planning, networking, and volunteer activities.

• Present opportunities aimed at fostering growth in Community Development Loans and Investments while building meaningful and lasting relationships.

• Take ownership of tasks and challenges associated with the assigned position.

⛳️ Requirements

• Bachelor’s Degree or equivalent work experience.

• 8+ years of experience in CRA/Community Development finance, commercial credit, underwriting, lending, and/or community development investments.

• Proven experience in evaluating community development loans, tax credit investments, structured finance, or securitized investment products.

• Experience collaborating with credit, risk, legal, compliance, and business line stakeholders during transaction execution.

• Proficient in commercial credit analysis and underwriting for non-profit and community development financing structures.

• Skilled in financial statement analysis and cash flow evaluation, credit risk assessment, and risk rating concepts.

• Experience in structuring and conducting due diligence on complex community development lending facilities, such as LIHTC, NMTC, EQ2, and others.

• Familiarity with securitized community development investment vehicles and associated risk considerations.

• Capability to conduct due diligence for securitized community development investments.

• Ability to synthesize financial, community impact, and regulatory factors into recommendations for business lines and leadership.

• Strong understanding of the Community Reinvestment Act and Fair Lending laws and regulations.

• Exceptional verbal and written communication skills, with the ability to prepare comprehensive reports and presentations.

• Willingness to collaborate and work across various business lines, demonstrating high emotional intelligence, adaptability, and discretion.

• Competent in managing workflow and assignments while prioritizing tasks effectively.

• Attention to detail and a commitment to accuracy.

• Ability to thrive in diverse work groups and engage in team-oriented activities.

• Expertise in stakeholder engagement, partnership development, and cross-functional collaboration.

• Proven ability to quantify community development impact and leverage data to create compelling narratives.

• Strong commitment to the Bank’s Core Values and an understanding of the importance of storytelling.

• Reliable internet connection (preferably cable or fiber; mobile hotspots are not acceptable) and a secure, distraction-free remote work environment.

🏝️ Benefits

• Comprehensive health benefits package.

• Professional development and training opportunities.

• Flexible work arrangements and remote work options.

• Generous paid time off and holiday policies.

• Retirement savings plan with employer match.

• Employee assistance programs and wellness initiatives.