Affordable Housing Investment Consultant (Community Development)

First Citizens Bank; Raleigh (NC); Hybrid; USD 70,000 - 110,000; Full time

Job summary

First Citizens Bank, based in Raleigh, NC, offers a hybrid Investment Consultant role focused on sourcing, underwriting, and closing community development investments. The position emphasizes LIHTC funds, SBICs, and affordable housing initiatives while collaborating with fund managers and external partners.

The role centers on non-tax credit affordable housing investments with opportunities to gain broader exposure to the bank's community development products and CRA commitments.

Qualifications

• Bachelor's Degree and 3 years of experience in community development finance, impact investing, affordable housing, private equity funds, commercial credit, investment underwriting, real estate finance, or related fields.
• OR, High School Diploma or GED and 7+ years of experience in these or related areas.
• Masters/Bachelor’s Degree preferred.

Responsibilities

• Originations and Fund Closings – Supports the origination, underwriting, internal credit and other (CRA, Tax, Treasury) approvals and closings for community development investments with multiple fund managers, including coordination with counsel on legal review of fund documents, and tracking investment status on the equity pipeline.
• Portfolio Management Collaboration - Works with portfolio management team to update annual reviews of syndicator partners as part of credit approval process.
• Program Development – Contributes to the development and enhancement of Workforce Housing and Preservation fund procedures, investment strategies, and best practices.
• Participates in meetings, trainings (inclusive of Bank required compliance courses), and other duties or special projects as assigned by senior leadership and management team.

Skills

Affordable Housing Experience

Customer Relations

Builds Productive Relationships

Consulting

Education

Bachelor's Degree

High School Diploma or GED

Job description

First Citizens Bank, based in Raleigh, NC, offers a hybrid Investment Consultant role focused on sourcing, underwriting, and closing community development investments. The position emphasizes LIHTC funds, SBICs, and affordable housing initiatives while collaborating with fund managers and external partners.

The role centers on non-tax credit affordable housing investments with opportunities to gain broader exposure to the bank's community development products and CRA commitments.