Portfolio Associate, Transaction Specialist - Community Development Banking - Commercial Real Estate

JobID: 210532772

Category: Relationship Manager

JobSchedule: Full time

Posted Date: 2024-06-26T15:47:07+00:00

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Are you passionate about Community Development Banking? Do you take pride in contributing and supporting Affordable Housing for everyone? Are you interested in a career that is focused in making a difference in the community? If yes, the Community Development Banking team is for you!

As a Transaction Specialist on the Community Development Banking (CDB) team, you are responsible for leading and supervising a new project closing working directly with the Client, CDB Banker, CDB Underwriter, and the project team to ensure transactions are processed in an efficient, accurate, and timely manner.

Job Responsibilities

• Coordinate with the borrowers, underwriters, and bankers to obtain necessary due diligence required for loan file

• Assist in transition from screening to underwriting

• Manage the project checklist by acting as the internal point of contact and provide updates as needed

• Review, analyze and file documents for each project closing

• Work on End-to-End Project Appraisal and Environmental submissions

• Other projects and duties assigned to support the business

Required qualifications, capabilities, and skills:

• Requires 2-4 years of experience in multifamily and multifamily affordable housing

• Ability to learn Real Estate Loan technology systems

• Ability to learn Real Estate Loan terminology

• Excellent detail oriented organizational skills and communication skills

• Must be able to work well under pressure in a fast-paced environment; prioritizing work to meet deadlines.

• Must be able to work independently and as a team member.

Preferred qualifications, capabilities, and skills:

• Bachelor's degree preferred.

• Working knowledge of affordable housing and/or other government policies; use of subsidies and LIHTC