Community Development Investment Portfolio Manager

City National Bank; San Francisco (CA); On-site; USD 101,000 - 172,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

Generous 401(k) company matching

Tuition Reimbursement and Training

Paid time off including vacation and a

Fertility and health programs

Career Mobility support

Colleague Resource Groups

Job summary

City National Bank is seeking a Community Development Investment Portfolio Manager to lead CRA investment portfolios, including LIHTC, SBIC and related private equity allocations. You will analyze Fund transactions, conduct credit assessments, and prepare exhibits for CRA investment committees.

You will manage LIHTC and SBIC portfolios, perform due diligence, monitor fund performance, coordinate with internal partners, and support reporting, documentation, and audit readiness.

Qualifications

• Minimum 7 years’ work and knowledge with LIHTC, CDFIs, private equity markets including fund structure and related documents.
• Minimum 7 years' underwriting experience with LIHTC, CDFIs, private equity investments and cash flow analysis.
• Minimum 3 years of experience with MS Office (Word, Excel, PowerPoint) for producing client presentations.

Responsibilities

• Portfolio and asset management of LIHTC.
• Identify, analyze, and present CRA LIHTC investment opportunities to the Bank’s investment committee.
• Post-approval investment closing, portfolio management, and monitor fund performance.
• Perform due diligence on LIHTC funds and assess sponsors/syndicators; report annually on financial status.
• Prepare and present capital calls and distributions; maintain audit-ready records.

Skills

LIHTC experience

Private equity market knowledge

Credit analysis

Education

Bachelor's Degree or equivalent

Tools

MS Office

Job description

COMMUNITY DEVELOPMENT INVESTMENT PORTFOLIO MANAGER

WHAT IS THE OPPORTUNITY?

Supporting Community Reinvestment Act (\"CRA\") investments portfolio management which include private equity participation in SBIC, LIHTC and other private funds. Analyzes prospective investment Fund transactions and assessment of General Partner. Support in credit analysis and provides opinions and recommendations regarding proposed investment, including terms and conditions, and potential risks. Work product includes preparation of CRA Investment Exhibit Booklet. May function as the primary contact for Fund Management Clients and interact effectively with all levels of Bank personnel and other Community Development relationships in the Bank's assessment areas.

WHAT WILL YOU DO?

• Portfolio and Asset management of Low-Income Housing Tax Credit (LIHTC)
• Support in the identification, analyzing, preparation and presenting CRA LIHTC investment opportunities to the Bank’s CRA LIHTC investment committee.
• Work includes post approval Investment Closing, Portfolio Management and monitoring Fund performance.
• Responsible for due diligence in the approval process for LIHTC funds, reviews sponsor financials and assess syndicators/syndicator 3rd party reviews. Report annually on all Sponsor/Syndicator financial status.
• Reports annually on LIHTC portfolio performance.
• Participate in the Affordable Housing Investors Council.
• Portfolio management of Small Business Investment Company (SBIC)
• Portfolio management of CRA Qualified Private Equity investment. I
• Work includes post approval Investment closing and Portfolio Management including monitoring Fund performance.
• Work includes due diligence in the approval process, prepare supporting memo and package and present to CRA Equity Investment Committee.
• Reports annually on SBIC Fund portfolio performance.
• Help maintain portfolio trackers, calendars, and documentation related to reporting, capital calls, and distributions
• Maintain organized records and files to support audit, exam, and internal review readiness.
• Assist with processing capital calls and distributions and coordinating with internal partners on cash flow tracking
• Proficient in Excel for managing evolving CRA investment datasets and maintaining accurate and audit-ready information as portfolio needs change
• Attends client meetings to facilitate delivery of equity product and/or assist in problem resolution. Contacts borrowers directly, for additional information and details related to proposed investment request or clarification of financial materials and resources.
• Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards.
• May coordinate legal documentation including work with counsel to obtain the correct, accurate documents to ensure all investments are documented to fully protect the Bank's interests.
• May possess excellent corporate finance knowledge depending on the diversity of the portfolio. Excellent negotiation and closing skills.
• Other projects as may be assigned by the Manager from time to time.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 7 years’ work and knowledge with LIHTC, CDFI’s, Private Equity Markets including Fund structure and related documents.
• Minimum 7 years' underwriting experience with a focus on LIHTC, CDFI’s, private equity investments and cash flow analysis.
• Minimum 3 years of experience with MS Office (Word, Excel, PowerPoint) specifically with producing presentations to illustrate results and trends accordingly.
• Practical understanding of Community Reinvestment Act including recent event participation. Understanding of CRA eligible equity investments a plus.

Additional Qualifications

• Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
• Comfortable in a sales and marketing environment.
• College degree, preferably in business, finance, economics.
• Have excellent written, communication and presentations skills.
• Ability to work with a team. Good project management.
• Ability to meet deadlines.

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.