TD Opportunities For CRA Invest Asset Manager III, Ramsey

Website TD Bank

Job Description:

The Community Reinvestment Act Investment Asset Manager III will optimize performance of a growing investment equity portfolio, mitigate risk factors, ensure expected yields are obtained and meet industry standards in practices and procedures while compliant with all Bank and regulatory policies and compliance requirements. The job manages closed Bank investments in low income housing, historic and new market tax credit opportunities and other tax advantaged vehicles as well as venture capital funds and small business investment companies to ensure compliance with the investment guidelines and requirements of the Bank, the Community Reinvestment Act (CRA), Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. Collects and documents from outside sources information on investment properties during construction, leasing and stabilized operations. The job properly assesses and inputs data to CCG reporting systems. Production of routine system reports to monitor and report progress, performance and compliance to Bank management and to the Asset Manager III of exception issues.

Job Responsibilities:

  • Properly assesses and inputs data to CCG reporting systems. Production of routine system reports to monitor and report progress, performance and compliance to CCG and Bank management of exception issues
  • Provides administrative support to the CCG manager and Investment Officers for all properties within the Banks investment portfolio
  • Coordinates with other staff to create and maintain asset management files and records
  • Coordinates effective communication among and maintain positive working relationships with Bank departments, Syndicators, General Partners, Property Managers, Investors and Regulators
  • Keeps up to date with tax credit investment market and regulations
  • Ensures regulatory and contractual compliance of operating properties in which the Bank holds an ownership interest as Limited
  • Partner. Conducts equity partner’s role in decision-making and implementation which impact real estate performance and delivery of tax credits
  • Coordinates effective transition of property investments after acquisition and development
  • Oversees construction, lease-up and operations. Provides all analysis and performance reporting of operating properties; Understands financial impact of operating partnership results on syndicated fund performance. Provides reports on property holdings

Job Requirements:

  • Operations exposure, such as creation and revision of systems, policies, procedures. Established relationships with broad network of affordable housing industry contacts
  • Proficiency in MS Windows network environment, to include MS Excel, MS Word, and MS Access
  • Proven ability to analyze financial statements, legal documents partnership agreements, and discounted cash flow analyses
  • Strong knowledge of tax credit investment programs and related state and federal regulations, including Community Reinvestment Act (CRA), Internal Revenue Service (IRS), Low Income Housing Tax Credit (LIHTC), New Market Tax Credit (NMTC) and Historic Tax Credit (HTC) and other regulations

Qualification & Experience:

  • Bachelors Degree or equivalent experience
  • 5+ Years of related experience

Job Details:

Company: TD Bank

Vacancy Type: Full Time

Job Functions: Other

Job Location: Ramsey, NJ, US

Application Deadline: N/A

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