Vice President, CDF Loan Portfolio Management

Overview:

The Community Development Finance (CDF) team of First-Citizens Bank & Trust Company (the Bank), is responsible for executing the Banks Community Reinvestment Act (CRA) and Community Benefits Plan (CBP) strategies through the origination and management of Community Development Loans and Low-Income Housing Tax Credit (LIHTC) equity investments.The Bank currently has a national portfolio of $2.8+ billion in committed investments that support the new construction or rehabilitation of affordable housing for low-income seniors, families, veterans, individuals with special needs or disabilities, and the chronically homeless, and we are embarking on a massive effort to expand the Banks commitments to low- and moderate-income communities.Note that the Bank operates under the Silicon Valley Bank brand, as a Division of First-Citizens Bank & Trust Company, in the majority of the Banks California affordable housing markets.

The Vice President, CDF Loan Portfolio Management, plays a critical role in managing a robust Community Development Finance (CDF) loan portfolio for all post-closing action items, including construction loan disbursements, loan modifications, conversions, performance monitoring, and reporting. In partnership with CDF Relationship Managers (originations) and CDF Loan Operations (closing and servicing), this role serves as the primary FCB business contact for a dynamic affordable housing loan portfolio comprising of construction and permanent loans, as assigned. This role serves as lead post-closing business contact with internal and external parties including borrowers, equity partners, public entities, credit examiners and/or auditors, representing FCB as loan-level expert for all required action items to maintain a high-quality portfolio in compliance with all applicable regulations.

Responsibilities:

Loan Portfolio Management

• Serve as loan-level expert for a portfolio of construction, permanent loans and/or EQ2/CDFI loans, as assigned, including knowledge of loan documents, transactions, underwriting and other information as needed to properly manage the loan throughout its term.
• Conduct underwriting and loan modifications, as needed, to support the Bank and partners in successfully executing the loans intentions, including financial underwriting, legal document modification, and credit analysis with internal and external partners, as needed.
• Lead the post-closing Borrower relationship by providing Borrower with clear expectations regarding what will be expected with respect to reporting, payments, and communication with the Bank during the loan term.
• Maintain regular contact and communication with Borrowers and/or Guarantors, responding to client inquiries, concerns, loan confirmations or reporting with support of Director, LPM, originating RM, and Director, Loan Operations, as needed.
• Provide enhanced oversight of troubled assets by creating and monitoring Borrower construction milestones and payment plans, regularly liaising with Credit team regarding the regular reporting of troubled assets, and assessing and creating any necessary credit restructure plans in partnership with Head, CDF, Director, LPM and/or external counsel, as needed.
• Maintain accurate loan risk ratings by analyzing loan performance, preparing and overseeing the preparation of annual reviews, and upgrading/downgrading/reaffirming loan ratings per relevant material events that affect loan-specific or industry-wide credit quality. Conduct risk ratings no less than annually on each loan facility.
• Contribute loan-level information to portfolio reports, as needed by Director, LPM, Credit and/or others, by updating key loan balance and performance statistics and construction status updates, including allowance for loan and leases losses, risk ratings, sponsor exposure, and loan forecast reports.
• As needed, coordinates with originations RMs and CDF loan operations servicing team to ensure accurate and efficient hand off of construction loans converting to term/permanent loans along with applicable Tickler reviews for ongoing management and compliance.
• Implement loan monitoring policies and procedures to ensure consistent management of the loan portfolio, with support from CDF team members.
• Ensure the LCIT, LSVB and LBP electronic and any manual file systems, including FCB folders, SharePoint and/or Nautilus, are accurate and complete for audit purposes. Assist in internal and external audit reviews, as needed.
• Continues to embrace opportunities and take ownership for the welfare of Bank and its CDF clients/borrowers and lending partner banks throughout the entire loan, loan pool and subsidy portfolio management/loan servicing process.

Financial Reporting and Covenant Compliance

• Take ownership of loan tracking and reporting responsibilities across the integrated portfolio to ensure accurate, timely and well-organized reporting across internal and external stakeholders.
• Ensure accuracy of the LCIT/FCB Exception Tracker & Tickler (ETT) system by tracking and updating past-due and upcoming annual review and financial covenant reporting requirements.
• Regularly review the LSVB/LBP Commercial Bank nCino tracking reports and manual ticklers, if any, to ensure accurate information and relay any past-due, upcoming or other timely deadlines to the broader CDF LPM team, as needed. Ensure timely updates to Commercial Bank nCino and manual ticklers, if any, of any errors found.

Qualifications:

Basic Qualifications:

Bachelors Degree. Minimum 3 years community development or commercial real estate lending experience.

Preferred Qualifications:

Affordable housing project management, city and/or urban planning, housing policy/advocacy experience.

Advanced study in real estate, finance, business, city/regional planning, public policy.