Community Development Investment Portfolio Manager

City National Bank • San Francisco, CA

5d

About The Position

The Community Development Investment Portfolio Manager supports management of the Community Reinvestment Act (CRA) investment portfolio, including private equity participation in Small Business Investment Companies (SBICs), Low-Income Housing Tax Credit (LIHTC) funds, and other private funds. The role analyzes prospective fund transactions and general partners, supports credit analysis, and provides opinions and recommendations regarding proposed investments, including terms, conditions, and risks. Work products include preparation of a CRA Investment Exhibit Booklet. The manager may serve as a primary contact for fund management clients and interacts with Bank personnel and community development relationships in the Bank’s assessment areas.

The position manages LIHTC, SBIC, and other CRA-qualified private equity investments, including due diligence, investment approval support, post-approval closing, portfolio monitoring, and performance reporting. It also supports committee presentations, sponsor and syndicator reviews, portfolio tracking, capital call and distribution processing, and audit-ready recordkeeping. The manager may attend client meetings, contact borrowers for information, help structure credit solutions within profitability and portfolio risk standards, and coordinate legal documentation to protect the Bank’s interests. Other projects may be assigned by the Manager.

Requirements

• Bachelor’s degree or equivalent.
• At least 7 years of work experience and knowledge involving LIHTC, CDFIs, and private equity markets, including fund structures and related documents.
• At least 7 years of underwriting experience focused on LIHTC, CDFIs, private equity investments, and cash flow analysis.
• At least 3 years of experience with Microsoft Office (Word, Excel, and PowerPoint), including producing presentations that illustrate results and trends.
• Practical understanding of the Community Reinvestment Act.
• Extensive technical expertise and full knowledge of commercial credit principles and financial concepts.
• Ability to use ingenuity and creativity to solve complex credit problems.
• Comfort working in a sales and marketing environment.
• Excellent written, communication, and presentation skills.
• Ability to work with a team and demonstrate project management skills.
• Ability to meet deadlines.

Nice To Haves

• Understanding of CRA-eligible equity investments.
• College degree, preferably in business, finance, or economics.
• Participation in recent Community Reinvestment Act events.
• Excellent corporate finance knowledge, depending on portfolio diversity.
• Excellent negotiation and closing skills.

Responsibilities

• Manage and monitor the Low-Income Housing Tax Credit (LIHTC) portfolio and asset performance.
• Identify, analyze, prepare, and present CRA LIHTC investment opportunities to the Bank’s CRA LIHTC investment committee.
• Support post-approval investment closings, portfolio management, and monitoring of fund performance.
• Conduct due diligence for LIHTC fund approvals, review sponsor financials, and assess syndicators and third-party reviews.
• Report annually on sponsor and syndicator financial status and LIHTC portfolio performance.
• Participate in the Affordable Housing Investors Council.
• Manage Small Business Investment Company (SBIC) and CRA-qualified private equity portfolios.
• Conduct due diligence, prepare supporting memoranda and packages, and present proposals to the CRA Equity Investment Committee.
• Report annually on SBIC fund portfolio performance.
• Maintain portfolio trackers, calendars, and documentation related to reporting, capital calls, and distributions.
• Maintain organized records and files for audit, examination, and internal review readiness.
• Assist with processing capital calls and distributions and coordinate cash flow tracking with internal partners.
• Use Excel to manage CRA investment datasets and maintain accurate, audit-ready information as portfolio needs change.
• Attend client meetings to facilitate equity product delivery and assist with problem resolution.
• Contact borrowers directly to obtain information or clarification related to proposed investments and financial materials.
• Provide credit alternatives and creative transaction structures consistent with profitability and portfolio risk standards.
• Coordinate legal documentation, including working with counsel to ensure investments are documented accurately and protect the Bank’s interests.
• Undertake other projects assigned by the Manager.

Benefits

• Comprehensive healthcare coverage, including medical, dental, and vision plans, available the first of the month following the start date.
• Generous 401(k) company matching contribution.
• Tuition reimbursement and internal upskilling and training resources.
• Vacation, sick, and volunteer time.
• Fertility benefits and cancer, diabetes, and musculoskeletal support programs.
• Career mobility support from a dedicated recruitment team.
• Colleague Resource Groups supporting networking and community engagement.
• Eligible for bonus and/or commissions.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior