Community Development Portfolio Manager II - Drive Impact

Financeroles; Chicago (IL); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) with company match

FSA

Employee Stock Purchase Plan

Pet Insurance

Job summary

Wintrust is seeking a Portfolio Manager II – Community Development to manage LIHTC, NMTC, CDFI and related investments within the bank's CRA framework. The role focuses on advancing community development strategies and delivering measurable local impact.

Responsibilities include underwriting, risk analysis, and preparing comprehensive investment packages, with interactions across internal partners and external clients. A strong finance background and writing skills are essential.

Qualifications

• Strong understanding of general credit and risk principles; banking policies/procedures.
• Minimum 3 years of experience in commercial real estate credit, investment underwriting, tax credit finance, or community development finance.
• Working knowledge of LIHTC, NMTC, CDFIs, or affordable housing finance.
• Strong analytical and business writing skills.
• Strong organizational skills with multiple transactions and portfolio responsibilities.
• Good interpersonal skills with internal partners, counsel, clients and senior management.
• Accounting and finance knowledge and real estate fundamentals.

Responsibilities

• Underwrite and analyze LIHTC multi-investor funds, NMTC investments, CDFI loan pools, EQ2 investments, SBIC funds, and other mission-driven investments.
• Perform detailed financial, credit, and risk analyses of fund managers, sponsors, developers, and assets.
• Prepare investment opportunity and credit approval packages detailing structure, sponsor qualifications, performance, risks and CRA impact.
• Analyze credit and financial information of property and individuals to assess risk.
• Complete annual reviews, portfolio monitoring, risk ratings, and covenant analyses.
• Oversee documentation and ongoing monitoring of asset and client performance.
• Review partnership agreements, operating agreements, fund documents, and closing documents with partners.
• Review credit memos and closing documents for compliance with approvals.
• Interact with lending and investment staff, deal teams and clients professionally.

Skills

General credit principles

Risk principles

Analytical writing

Organizational skills

Interpersonal skills

Real estate knowledge

Education

Bachelor's degree (Business, Finance, Accounting, or Economics)

Job description

Wintrust is seeking a Portfolio Manager II – Community Development to manage LIHTC, NMTC, CDFI and related investments within the bank's CRA framework. The role focuses on advancing community development strategies and delivering measurable local impact.

Responsibilities include underwriting, risk analysis, and preparing comprehensive investment packages, with interactions across internal partners and external clients. A strong finance background and writing skills are essential.