CRA Credit & Investment Business Strategy Manager

🔥 0 minutes ago

🏈 Alabama, Colorado, +5 more states – Remote

🏈 Alabama – Remote ⛰️ Colorado – Remote 🐊 Florida – Remote 🌲 North Carolina – Remote 🌴 South Carolina – Remote 🤠 Texas – Remote ⚔️ Virginia – Remote

💵 $101.7k - $162.5k / year

⏰ Full Time

🟠 Senior

🔴 Lead

🧐 Strategy

👻 Ghost score 0%

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SouthState Bank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

SouthState Bank is a financial institution that offers a wide range of banking products and services. It provides personal banking solutions such as checking and savings accounts, credit cards, and online and mobile banking. The bank also offers borrowing options including personal loans, mortgages, and home equity lines of credit. Additionally, SouthState Bank provides investment services like financial and retirement planning. For businesses, it offers small business and commercial banking services, including loans, lines of credit, and cash flow management. They also provide wealth management services for personal and corporate clients.

📋 Description

• Develop and implement long-term community development credit and investment strategies across the Bank’s Assessment Areas • Assess CRA credit and investment opportunities aligned with CRA/Community Development and Bank Strategic goals • Underwrite and structure transactions, document and lead underwriting and due diligence for qualifying CRA investments including LIHTC, NMTC, EQ2, and SBIC • Balance strategic goals, community impact, profitability, policy, and risk • Act as the internal CRA advocate with internal business line partners and external investors, developers, vendors, and others • Create and deploy strategies with Senior Leadership, the CRA Investment Working Group, Community Engagement, Corporate Stewardship, CD Officers, and local leadership • Align with Credit, Small Business, Commercial, Retail, Mortgage, ERM, MarCom, Corporate Stewardship, and regional/community leadership on local needs • Support local leadership in investment opportunities and resources for new Community Development loans and investment initiatives • Lead and support community development loans and investments, including commercial and mortgage-related transactions • Conduct or support commercial and community development credit underwriting, including analysis of financial statements, cash flow, collateral, repayment sources, global debt capacity, and risk factors • Evaluate, structure, and recommend community development loans and investments consistent with CRA objectives, credit policy, and risk appetite • Conduct due diligence on LIHTC, NMTC, EQ2, loan funds, CDFI-related credit extensions, and securitized investments • Prepare or contribute to credit memos, investment summaries, approval packages, and portfolio monitoring materials • Collaborate with Credit, Finance, Risk, CRA Investment Working Group, CD Officers, and line-of-business leaders on transaction structure, policy compliance, risk appetite, and eligibility • Monitor performance, covenant compliance, and impact/results of community development credit and investments • Identify and mitigate transaction, credit, operational, compliance, and strategic risks • Analyze data and prepare risk assessments and mitigation efforts • Engage internal and external stakeholders through communication, planning, networking, and volunteering • Present opportunities to drive Community Development Loan and Investment growth and build meaningful and lasting relationships • Take ownership of tasks and challenges in the operation of the assigned position

🎯 Requirements

• Bachelor’s Degree or equivalent work experience • 8+ years of experience in CRA/Community Development finance, commercial credit, underwriting, lending, and/or community development investments • Demonstrated experience evaluating community development loans, tax credit investments, structured finance, or securitized investment products • Experience partnering with credit/risk/legal/compliance/business line stakeholders in transaction execution • Experience in commercial credit analysis and underwriting non-profit and community development financing structures • Experience in financial statement spreading and cash flow analysis, credit risk assessment and risk rating concepts • Experience structuring and conducting due diligence on complex community development lending facilities such as LIHTC, NMTC, EQ2, and others • Experience and knowledge of securitized community development investment vehicles and related risk considerations • Ability to conduct due diligence for securitized community development investments • Ability to synthesize financial, community impacts, and regulatory factors into business line and leadership recommendations • Strong knowledge of the Community Reinvestment Act and Fair Lending Laws and regulations • Excellent verbal and written communication skills with the ability to prepare reports and presentations • Willingness to collaborate; ability to work across business lines; high emotional intelligence; adaptability; ability to pivot; discretion • Ability to effectively manage workflow and assignments and prioritize work • Attention to detail and accuracy • Ability to work well with diverse work groups and team-oriented activities • Expertise in stakeholder engagement, partnership development, and cross-functional development • Demonstrated success quantifying community development impact and leveraging data to tell compelling stories • Deep commitment to the Bank’s Core Values and understanding of the value of storytelling • Reliable internet connection (cable or fiber preferred; mobile hotspots not acceptable) and secure, distraction-free remote work setting