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Community Development Finance Relationship Manager

Santander
Posted a month ago, valid for a month
Location

New York, NY 10008, US

Salary

$39.06 - $46.88 per hour

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Contract type

Full Time

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Sonic Summary

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  • The Community Development Finance Relationship Manager is tasked with originating new community development equity investments and loans for the Company's CRA Program.
  • This role requires the candidate to have at least 5 years of relevant experience in managing complex commercial accounts and developing new business.
  • The position focuses on Low-Income Housing Tax Credit equity investments and associated construction lending, while maximizing profitability and minimizing risk.
  • Strong communication skills, organization, and the ability to build rapport across departments are essential for success in this deadline-oriented environment.
  • The salary for this position is competitive, reflecting the candidate's experience and expertise in community development finance.

The Community Development Finance Relationship Manager is responsible for originating new community development equity investments and loans for the Company's Community Reinvestment Act (CRA) Program. The incumbent develops new business for an assigned portfolio of commercial customers. S/he develops and manages complex commercial accounts that meet the Company's community development investment and loan requirements and maximizes profitability while minimizing risk. Candidate also acts as a primary business relationship owner for new, complex community development transactions with a focus on Low-Income Housing Tax Credit (LIHTC) equity investments and associated LIHTC construction lending. This position provides support to the CDF Senior Director and works in partnership with CDF Underwriting and Portfolio Management. Candidate is expected to have strong communication skills, highly organized, self-starter, issue resolution, and ability to build rapport across departments and provide excellent client service in a deadline-oriented and time sensitive environment. Duties & Responsibilities Conduct due diligence analysis on potential community development loans and investments throughout the Bank’s footprint. Perform site visits Ensure transactions adhere to the Bank’s credit policy, approved investment/loan approval and legal closing documents/agreements. Conduct financial modeling to evaluate the structure of community development loans and investments. Coordinate reviews with internal partners. Prepare committee materials for review and approval. Assist with the coordination of internal reviews and approvals with internal departments. Work with internal and external counsel to achieve timely closing of transactions Coordinate new client onboarding with Operations, CDF Portfolio Management Team and third party vendors. Collect new client onboarding documents. Assist with outreach for new relationships. Maintain lead database and prepare pipeline reports on potential transactions.




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By applying, a Santander account will be created for you. Santander's Privacy Policy will apply.