Relationship Manager II - CDF

First Citizens; Boston (MA); On-site; USD 100,000 - 125,000; Full time

Job summary

First Citizens Bank’s Community Development Finance team manages CRA-related loans and investments to meet CRA goals. The role focuses on maintaining a network of high-value client relationships, originating and managing CRA-eligible loans, and coordinating with colleagues on multi-investor funds.

The position involves risk management, loan underwriting, closing, and preparing credit packages, with opportunities to contribute to reporting and portfolio analysis.

Qualifications

• Evidence of above-average financial analysis and credit under-writing skills.
• Experience with affordable housing, LIHTC knowledge is preferred.
• Experience in community development banking or LIHTC equity investing is desirable.

Responsibilities

• Oversee portfolio quality and risk management for CRA-related loans.
• Handle loan underwriting, preparation, closing, and credit risk analysis.
• Prepare funding letters, RFP responses, and credit packages.
• Coordinate due diligence and lender negotiations for construction loans.
• Generate internal reports: portfolio, sponsor exposure, CSR, forecasts.

Skills

Excel

Builds Productive Relationships

Client Management

Champions Change and Culture

Education

Bachelor's Degree

High School Diploma or GED

Job description

Overview

First Citizens Bank’s Community Development Finance team (CDF) is responsible for executing on elements of the Bank’s Community Reinvestment Act (CRA) strategy through the origination and management of Community Development Loans and Investments. The individual in this role will be responsible for maintaining a network of high-value client relationships, originating, and managing CRA-eligible community development loans and coordinating with colleagues on associated multi-investor and proprietary fund investments to achieve the Bank’s CRA goals.

Responsibilities & Qualifications

Risk Management - Oversee strong portfolio quality and ensure sound risk and asset management practices; surface and troubleshoot issues in a timely manner. Assist with portfolio management for all originated loans, including assisting with relationship management post-closing as needed.

Loan Underwriting, Preparation and Closing - Perform initial deal review, sponsor underwriting and credit risk analysis. Prepare funding application support letters and responses to client requests for proposals (RFPs). Assist with preparation and submittal of credit approval packages.

Complete financial underwriting and structuring, and co-lender negotiations. Assist with construction loan due diligence collection and review all due diligence to confirm that it meets bank standards and is consistent with underwriting requirements.

Prepare credit reviews of clients, including analysis of borrowers’ financial and social impact data. Attend closing calls and work with RM and Loan Operations Officers to finalize due diligence and other closing matters. Prepare various internal reports, including loan portfolio reports, sponsor exposure reports, corporate social responsibility performance reports, loan forecast reports, and regulatory reports, as needed.

Sales and Marketing - Attend client meetings, industry conferences and events

Position Specific Skills

• Excel
• Builds Productive Relationships
• Client Management
• Champions Change and Culture

Qualifications

• Minimum Required Education and Experience: Bachelor's Degree and 3 years' experience OR High School Diploma or GED/Equivalent and 7 years' experience in Experience related to affordable housing
• Preferred Area of Study: LIHTC-industry-related field (e.g. business administration, finance, economics, planning or real estate)
• Preferred Area of Experience: Community development banking; LIHTC equity investing/syndication; LIHTC project development

Additional Information

The base pay for this position is generally between $100,000/yr - $125,000/yr. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.