Supporting Community Reinvestment Act ("CRA") investments portfolio management which include private equity participation in SBIC, LIHTC and other private funds. Analyzes prospective investment Fund transactions and assessment of General Partner. Support in credit analysis and provides opinions and recommendations regarding proposed investment, including terms and conditions, and potential risks. Work product includes preparation of CRA Investment Exhibit Booklet. May function as the primary contact for Fund Management Clients and interact effectively with all levels of Bank personnel and other Community Development relationships in the Bank's assessment areas.
Required Qualifications*- Bachelor's Degree or equivalent
- Minimum 7 years’ work and knowledge with LIHTC, CDFI’s, Private Equity Markets including Fund structure and related documents.
- Minimum 7 years' underwriting experience with a focus on LIHTC, CDFI’s, private equity investments and cash flow analysis.
- Minimum 3 years of experience with MS Office (Word, Excel, PowerPoint) specifically with producing presentations to illustrate results and trends accordingly.
- Practical understanding of Community Reinvestment Act including recent event participation. Understanding of CRA eligible equity investments a plus.
Additional Qualifications
- Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
- Comfortable in a sales and marketing environment.
- College degree, preferably in business, finance, economics.
- Have excellent written, communication and presentations skills.
- Ability to work with a team. Good project management.
- Ability to meet deadlines.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at
About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.