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Associate, Portfolio Manager, Equity Investments - Community Lending

Company: First Citizens
Location: Pasadena
Posted on: March 14, 2023

Job Description:

OverviewThe portfolio analyst will play an important role in managing assets in development, construction, and stabilized phase within CLI's equity investments portfolio. This position will include exposure to a variety of equity investments transactions (LIHTC, Preservation, SBIC, CDFIs and other Public Welfare Investments). The individual in this role has an opportunity for significant growth and advancement. This position will be responsible for the oversight of equity investments and conducting market analyses, prepares summary and supporting information for quarterly reviews and offers opinions concerning impact on the community. Applies problem solving skills and uses creativity to turn challenges into viable transactions. Fosters the development of relationships with lead generators to enhance the quality and quantity of applications. Responsibilities

  • Maintain a detailed working knowledge of each project within the assigned portfolio.
  • Oversee and monitor achievement of benchmarks such as construction completion, qualified occupancy, stabilization, and permanent loan conversion of affordable housing projects in LIHTC and Preservation Funds from close through receipt of executed 8609s or final release of equity.
  • Oversee and monitor performance of underlying assets in CDFIs and SBICs.
  • Collect, review, and provide reporting on monthly, quarterly, and annual financial information for both upper tier Funds and the lower tier partnerships/assets.
  • Analyze partnership benchmarks and financial statements and perform risk rating analysis
  • Special projects and reporting as requested.The base pay for this position is relative to your experience but the range is generally$80,000 to $90,000 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here:. Qualifications
    • Bachelor's degree with a major in accounting, finance, real estate, property management or business is preferred. A minimum two years of experience working with Section 42 (low income, tax credit) projects in the area of asset management, public accounting, multi-family property management or development desired.Preferred
      • A working understanding of compliance & limited partnership agreements and the ability to identify & verbalize issues with the syndicator partners is strongly preferred.
      • Must be proficient with Microsoft Office Suite with a heavy emphasis on Excel and Word.
      • Candidate must have excellent communication skills and the ability to comfortably interact with senior management internally and a large external client base.
      • Must possess and be able to demonstrate effectiveness with each of the following Key Attributes:
      • Strong analytical, organizational, interpersonal, and time management skills.
      • Ability to identify, simplify, process, and solve complex issues.
      • Excellent oral and written communication skills
      • Ability to efficiently receive, monitor and follow through requests, projects, and problems to completion.
      • Ability to multi-task, prioritize and meet deadlines.
      • Ability to effectively manage and administer sensitive and confidential information.
      • Must have strong initiative and can work with minimal guidance & supervision.
      • Commitment to excellence, attention to detail and accuracy, providing high quality work product.
      • Professionalism/Ethics (Trust, Attitude Commitment, Honesty, Collaboration& Approachability).
      • A valid driver's license is required for limited travel of up to 5% with potential for some overnight.

Keywords: First Citizens, Pasadena , Associate, Portfolio Manager, Equity Investments - Community Lending, Executive , Pasadena, California

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