CRA Investments Officer

Cathay Bank in; El Monte (CA); On-site; USD 80,000 - 95,000; Full time

Job summary

Cathay Bank in El Monte, CA seeks a CRA Investments Officer (Project Management) to support CRA investments and Foundation grants. You will analyze documentation, track CRA activity, and assist with the CRA Compliance Program.

The role requires a Bachelor's degree in Business, Accounting, or Finance, 1–2 years of banking experience, and strong organizational/analytical skills. Proficiency with MS Office and QuickBooks is a plus.

Qualifications

• Bachelor's degree preferred in Business, Accounting, or Finance.
• 1–2 years banking experience, preferably lending.
• Strong organization, analytical, and communication skills; able to work independently and meet deadlines.

Responsibilities

• Review investment documentation to identify and qualify CRA investments.
• Prepare and maintain CRA investment tracking and grant processes.
• Monitor quarterly reports, self-assessments, and strategic plans.
• Coordinate Foundation Grant Committee and Board meetings; prepare minutes.

Skills

Analytical skills

Organizational skills

Verbal and written communication

Self-motivated

Willingness to work overtime

Education

Bachelor's Degree in Business, Accounting, or Finance

Tools

Microsoft Office

QuickBooks

SharePoint

Job description

CRA Investments Officer (Project Management)

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

Provide overall analytical support for the department ensuring that CRA qualified investments are correctly identified, evaluated, and maintained. This position also supports the functions of the Cathay Bank Foundation by handling the intake of grant requests, and distribution of funds. Responsible for the completion of reports that monitor and track CRA investment performance. Assist with coordinating CRA investment activities and other assignments that contribute to the implementation and maintenance of an effective CRA Compliance Program for the Bank.

DIRECT REPORTS

ESSENTIAL FUNCTIONS

• Review investment documentation to identify and qualify investments reportable under the CRA. Interface with investment syndicators to obtain and maintain appropriate documentation for qualifying CRA investments and donations.
• Prepare and maintain Community Development Investment Spreadsheet.
• Prepare and compile CRA investment activity performance tracking.
• Obtain and review grant application packages from nonprofits to identify qualified recipients.
• Prepare and maintain grant tracking worksheets.
• Process checks requests in QuickBooks software and provide checks to recipients.
• Monitor reports and assist in the preparation of quarterly reports, self-assessment, and strategic plans.
• Provide Investment Status Report for Director of Community Development and regional managers.
• Coordinate Foundation Grant Committee and Board meetings, prepare agenda and documentation, distribute to committee members.
• Prepare minutes for Foundation Grants Committee and Foundation Board meetings.
• Attend at least six CRA activities annually and participate in CRA service hour opportunities.
• Assist with the maintenance of CRA information updates – Intranet, Public File, Bulletin, forms, and charts.
• Assist in reviewing CRA compliance data that conforms to internal policy and procedures and external
• Complete assigned training courses in a timely manner.

QUALIFICATIONS

• Education: Bachelor's Degree is preferred in Business, Accounting, or Finance
• Experience: 1 - 2 years' banking experience, preferably lending.
• Skills/Ability: Some working knowledge of accounting or loan underwriting. Good organization and analytical skills. Good verbal and written communication skills. Ability to work independently and meet deadlines. Highly organized, results-oriented with strong attention to detail and good follow-through skills. Highly energetic, enthusiastic, and self-motivated. Willingness to work overtime occasionally to accomplish and meet deadlines, and to attend CRA activities. Ability to work offsite to perform service hours and to attend CRA activities. Strong computer skills; proficient with Microsoft Office products. Basic knowledge of SharePoint preferred, but not required.

OTHER DETAILS

$80,000 - $95,000 / year

Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers itsfull-timeemployees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy .

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