Portfolio Manager I - Specialty Community Reinvestment Act (CRA) Credit Products

Expiring today

Employer
M&T Bank
Location
Baltimore, MD
Posted
Sep 11, 2017
Closes
Sep 19, 2017
Function
Management
Hours
Full Time
Title: Portfolio Manager I - Specialty Community Reinvestment Act "CRA" Credit Products Location: Baltimore, MD Basic Function: * Provide support to CRA/Community Development Department Manager and Relationship in regard to portfolio management, compliance, and monitoring of new and existing customers within the Specialty CRA Credit Portfolios. In addition, support the specialty CRA loans such as loans to CDFIs, investments in SBICs or equity type investments or subordinated debt such as "EQ2", and certain infrastructure and governance requirements of the combined Public Welfare Benefit portfolio to include the portfolio of tax credit investments: Low Income Housing, New Market and Historic Tax Credits. Essential Position Responsibilities: * Support the Specialty CRA Credit portfolio across the Regions as a Subject Matter Expert and central point of contact for the business lines. * Develop and implement formal procedures for structuring, approving, documenting, booking and monitoring these transactions and update as necessary. * Ensure that the proper processes are communicated and monitored to avoid structuring, approval, documentation, booking or monitoring errors. * Depending on loan/investment type, directly create or support Specialty CRA Credit RM(s) to review term sheets, approval memos and loan documentation prior to closing to ensure proper structure and provisions. * Work with Line and Loans Operations post-closing to ensure proper booking. * Work with Accounting, Tax, Legal, Credit and other departments as needed during pipeline and life of loan or investment to ensure proper recording, CRA designation, and, if appropriate, any compliance maintenance and recognition of any tax benefits. Regarding investments in Small Business Investment Companies (SBICs): * Support Governance Group regarding tracking of outstanding loan balances and pipeline against capital limitations, if any, for these types of investments. * Prepare request for increase to capital allocation, annually or as needed. * Manage presentation of reporting on portfolio to Community Reinvestment Committee, Commercial & Credit Leadership Team, Capital Management Committee and to Board of Directors, as might be required or appropriate from time to time. * Coordinate risk rating and credit monitoring activities, including development of specific risk ratings if deemed appropriate and establishing systems to track annual reviews, continuous quality monitoring and related issues. Issues particular to quasi-equity investments: * Support Public Welfare Investment Governance Group regarding tracking of outstanding public welfare investment balances against available limitation of capital. * Coordinate tracking of pipeline versus available percentage of capital, if required. * Assist in providing supporting information to Counsel's Office for preparation of request to Federal Reserve and NY Department of Financial Services for increase to capital limits, if and when warranted. * Coordinate risk rating and credit monitoring activities, including development of appropriate risk ratings as deemed appropriate and establishing systems to track annual reviews, continuous quality monitoring and related issues. Nature and Scope: * Incumbent reports to head of CRA. * In matters of credit approvals and portfolio monitoring, works under general supervision and will work very closely with Not-for-Profit Banking Group Line of Business Managers/Segment Leaders. * Will also work very closely with Regional Presidents, Regional CRA Officers, Group Managers, and RMs to ensure transparency and congruence with Regional goals and commitments. * Impact extends to the Bank's long-term operations, revenues, and profitability, including strength of CRA rating and its impact on issues such as regulatory approvals for mergers or acquisitions. * Risk issues include supporting proper structuring, documentation, pricing and tax and accounting treatment of these complicated Specialty CRA Credit Products. Minimum Qualifications Required: * Bachelor's degree in Accounting/Finance or related discipline with a minimum of 2 years Accounting, Finance, or Credit professional work experience or in lieu of a degree, a combined minimum of 6 years higher education and/or relevant work experience to include a minimum of 2 years Accounting, Finance, or Credit professional work experience. * Knowledge of credit principles. * Excellent analytical ability. * Excellent communication and organization skills. Ideal Qualifications Preferred: * Highly motivated, detail-oriented self-starter. * Ability to interact with external and internal personnel using tact and diplomacy. * Solid knowledge of personal computers. * Thorough knowledge of various software programs: Word, Excel and other departmental software. * We encourage candidates with relevant military experience to apply.Job Posting: Aug 14, 2017, 1:26:56 PM Unposting Date: Ongoing