Community Development Finance Associate
Overview:
The Community Development Finance (CDF) team is responsible for executing the Bank's Community Reinvestment Act (CRA) strategy through the origination and management of Community Development Loans and Investments.
To date, the bank has committed billions of dollars in loans and investments that support the new construction or rehabilitation of affordable housing for low-income seniors, families, veterans, individuals with special needs or disabilities, and chronically homeless individualsWith these loans and investments, the bank is making a meaningful impact in the communities where we do business.
The CDF team is in the midst of a significant expansion over several years.
The Associate II will play a critical supporting role on the Sales and Originations team by assisting with the underwriting and portfolio management of affordable housing loans, and associated proprietary fund investments, that contribute to the achievement of the Bank's CRA goals
Responsibilities:
Perform initial deal review, sponsor underwriting and credit risk analysis.
Prepare funding application support letters and responses to client requests for proposals (RFPs).
Prepare credit packages, lead due diligence review, support review of loan documentation, and perform sponsor entity reviews.
Monitor loan performance during the construction term, including preparing loan modification or extension request packages.
Track submission of sponsor financial reports and preparing annual sponsor and loan credit reviews.
Assist with Federal Home Loan Bank Affordable Housing Program (AHP) application sponsorship and compliance monitoring.
Prepare various internal reports, including loan portfolio reports, sponsor exposure reports, corporate social responsibility performance reports, loan forecast reports, and regulatory reports, as needed.
Assist CDF investment team with credit write-ups of proprietary fund investments associated with loan commitments.
#SVB
Qualifications:
Bachelor's Degree with a minimum of 3 years experience in affordable housing, structuring loans, or multifamily housing funded with low income housing tax credits (LIHTC).
ORAssociate's Degree with a minimum of 5 years experience in affordable housing, structuring loans, or multifamily housing funded with low income housing tax credits (LIHTC).
Additional Requirements:
Community development experience including project management of affordable housing development.
Strong credit and financial analysis skillsAdvanced Excel Skills Preferred
Qualifications:
Advanced study in real estate, finance, business or related field.
Ability to write in a clear and concise manner to convey complex information.
Highly organized with excellent project management skills.
Proven ability to work independently.
Ability to collaborate with and learn from team members and internal and strategic partners.
Ability to multi-task and juggle multiple closings and projects at the same time.
Recommended Skills Customer Service Clerical Works Customer Satisfaction Data Compilation Typing Data Entry Estimated Salary: $20 to $28 per hour based on qualifications.
The Community Development Finance (CDF) team is responsible for executing the Bank's Community Reinvestment Act (CRA) strategy through the origination and management of Community Development Loans and Investments.
To date, the bank has committed billions of dollars in loans and investments that support the new construction or rehabilitation of affordable housing for low-income seniors, families, veterans, individuals with special needs or disabilities, and chronically homeless individualsWith these loans and investments, the bank is making a meaningful impact in the communities where we do business.
The CDF team is in the midst of a significant expansion over several years.
The Associate II will play a critical supporting role on the Sales and Originations team by assisting with the underwriting and portfolio management of affordable housing loans, and associated proprietary fund investments, that contribute to the achievement of the Bank's CRA goals
Responsibilities:
Perform initial deal review, sponsor underwriting and credit risk analysis.
Prepare funding application support letters and responses to client requests for proposals (RFPs).
Prepare credit packages, lead due diligence review, support review of loan documentation, and perform sponsor entity reviews.
Monitor loan performance during the construction term, including preparing loan modification or extension request packages.
Track submission of sponsor financial reports and preparing annual sponsor and loan credit reviews.
Assist with Federal Home Loan Bank Affordable Housing Program (AHP) application sponsorship and compliance monitoring.
Prepare various internal reports, including loan portfolio reports, sponsor exposure reports, corporate social responsibility performance reports, loan forecast reports, and regulatory reports, as needed.
Assist CDF investment team with credit write-ups of proprietary fund investments associated with loan commitments.
#SVB
Qualifications:
Bachelor's Degree with a minimum of 3 years experience in affordable housing, structuring loans, or multifamily housing funded with low income housing tax credits (LIHTC).
ORAssociate's Degree with a minimum of 5 years experience in affordable housing, structuring loans, or multifamily housing funded with low income housing tax credits (LIHTC).
Additional Requirements:
Community development experience including project management of affordable housing development.
Strong credit and financial analysis skillsAdvanced Excel Skills Preferred
Qualifications:
Advanced study in real estate, finance, business or related field.
Ability to write in a clear and concise manner to convey complex information.
Highly organized with excellent project management skills.
Proven ability to work independently.
Ability to collaborate with and learn from team members and internal and strategic partners.
Ability to multi-task and juggle multiple closings and projects at the same time.
Recommended Skills Customer Service Clerical Works Customer Satisfaction Data Compilation Typing Data Entry Estimated Salary: $20 to $28 per hour based on qualifications.
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