Asset Management Team Lead - CDLI

KeyBank • Cleveland, OH

10d • $116,000 - $216,000 • Hybrid

About The Position

Community Development Lending and Investments (CDLI) provides much needed investment dollars for affordable housing and community development projects in urban and rural communities across all 50 states via direct and indirect debt and equity investments. Affordable housing owner-operators and developers looking to build, acquire and preserve affordable housing come to us because we know how to move complicated deals over the finish line. Our clients leverage Key’s broad, fully integrated platform. In addition, we can help assemble innovative and complex financing in conjunction with multiple for-profit, nonprofit and government entities. Helping communities thrive is more than our business, it’s our mission.
Community Development Lending and Investments (CDLI) is seeking a self-starting manager to play a critical role in achieving KeyBank’s goal of supporting affordable housing and community development throughout the country. This role reports to the National Manager of Asset Management and collaborates with other Team Leaders and the broader line of business including Underwriting, Relationship Managers, Service Officers, Credit, Senior Management and more while directly managing a team of Analysts and Asset Managers covering portfolios of community development loans. The Team Leader is responsible for oversight of all components of risk inherent to community development loans.

Requirements

• Ability to lead and collaborate with others towards achievement of shared goals.
• Expert level of understanding of financial reports including operating statements, balance sheets, and budgets as well loan documents credit approvals, and partnership agreements.
• Ability to work under pressure, manage concurrent responsibilities, and change focus based on shifting priorities and ability to lead others in the same way.
• Expert analytical, interpersonal, and communication skills.
• Outstanding credit skills, analytical skills, and financial acumen.
• Expert problem-solving skills
• Ability to teach others to quickly and accurately apply complex skills and concepts across various situations.
• Efficient and effective time management; can attend to a broad range of activities and keep multiple projects/tasks moving forward to meet deadlines and achieve goals while ensuring others do the same.
• Commitment to serving low- and moderate-income clients and neighborhoods.
• Bachelor’s degree in business, accounting, finance or a related field and 7 to 10 years of relevant experience.
• Strong understanding of and aptitude with technology, data management, and risk management.
• Demonstrated ability to lead through coaching and champion a successful team.
• Demonstrated ability to communicate effectively in both written and verbal communication.
• Demonstrated technical expertise in the area of Low Income Housing Tax Credit and multifamily real estate lending.

Nice To Haves

• Advanced college degree (MBA preferred) and 10+ years of direct experience
• Recognition as a community development lending industry expert.

Responsibilities

• Proactively managing a team to both maximize profitability and ensure strong asset quality and risk management through consistent and timely identification and resolution of issues as well as accurate assessment and assignment of risk ratings.
• Managing, developing and training Analysts and Asset Managers through providing work product review, guidance, support and coaching. Includes continuous talent development by identifying, challenging, and leveraging the core strengths of team members.
• Setting clear goals and expectations of the team’s performance while monitoring and ensuring performance and accountability.
• Serving as a trusted advisor to clients, prospects, and team. Establish strong credibility with internal and external stakeholders based on sound judgement and accurate and timely information sharing and reporting.
• Shares constructive and regular feedback with teammates and stakeholders.
• Ensuring compliance with risk rating standards, credit policies, and procedures to ensure effective internal and external reviews.
• Developing and leading initiatives to improve data integrity, portfolio management, and risk management processes and procedures with a focus on process improvements and efficiencies.
• Taking an active and visible leadership role internally as well as externally in the community and industry.

Benefits

• A competitive base salary + discretionary bonus
• Generous benefits – 401(k) matching (dollar-for-dollar up to 7%), PTO, comprehensive healthcare packages, fitness and tuition reimbursement and so much more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees