Community Reinvestment Act (CRA) Officer

First Farmers Bank & Trust•Carmel, IN

5d•Hybrid

About The Position

The CRA Officer is responsible for overseeing and administering First Farmers Bank & Trust’s Community Reinvestment Act (CRA) Program in accordance with Regulation BB (12 CFR Part 228). This role ensures the Bank effectively meets the credit needs of its assessment areas, including low- and moderate-income (LMI) individuals and geographies, while maintaining compliance with applicable laws and regulations and supporting safe and sound operations. The CRA Officer serves as the primary advisor to management and business lines on CRA performance, exam readiness, and community development opportunities. Program Oversight & Governance Administer and maintain the Bank’s CRA program, including policies, procedures, and internal controls. Provide regular reporting to executive management and the Board/Audit Committee on CRA performance, trends, and risk. Ensure alignment with related regulatory areas, including Fair Lending (ECOA/Reg B) and HMDA, while maintaining clear program distinction. Performance Monitoring & Assessment Area Management Monitor CRA performance across lending, investment, and service activities. Conduct periodic assessment area analysis and recommend changes as appropriate. Identify performance gaps and partner with business lines to support improvement. Data Analysis & Reporting Oversee the collection, validation, and analysis of CRA-related data. Utilize CRA systems and mapping tools (e.g., RATA) to monitor performance and identify opportunities. Prepare management reports, dashboards, and exam support documentation. Regulatory Exam & Audit Support Serve as the primary point of contact for CRA examinations and regulatory inquiries. Coordinate data requests, submissions, and documentation to ensure complete and accurate exam readiness. Support internal audit and independent reviews; track and remediate findings. Business Line Support & Training Provide guidance to lending and retail teams on CRA expectations within the Bank’s assessment areas. Deliver targeted training on CRA requirements and performance objectives. Supply market and demographic insights to help business lines identify opportunities within LMI areas. Community Development Support Support the Bank’s efforts to develop and maintain relationships with nonprofit and community development organizations. Assist in identifying and evaluating qualified CRA loans, investments, and services. Represent the Bank in community meetings or initiatives, as needed. All other job duties as assigned

Requirements

High school diploma or equivalent
Demonstrated experience partnering with nonprofit and community development organizations that serve low- and moderate-income (LMI) or underserved individuals, supporting CRA-related activities and outreach
Strong knowledge of CRA (Regulation BB – 12 CFR Part 228) and related regulations
Familiarity with HMDA, Fair Lending, and CRA data analysis tools
Organized with strong attention to detail
Strong communication and presentation skills
Ability to analyze geographic, demographic, and lending data

Responsibilities

Administer and maintain the Bank’s CRA program, including policies, procedures, and internal controls.
Provide regular reporting to executive management and the Board/Audit Committee on CRA performance, trends, and risk.
Ensure alignment with related regulatory areas, including Fair Lending (ECOA/Reg B) and HMDA, while maintaining clear program distinction.
Monitor CRA performance across lending, investment, and service activities.
Conduct periodic assessment area analysis and recommend changes as appropriate.
Identify performance gaps and partner with business lines to support improvement.
Oversee the collection, validation, and analysis of CRA-related data.
Utilize CRA systems and mapping tools (e.g., RATA) to monitor performance and identify opportunities.
Prepare management reports, dashboards, and exam support documentation.
Serve as the primary point of contact for CRA examinations and regulatory inquiries.
Coordinate data requests, submissions, and documentation to ensure complete and accurate exam readiness.
Support internal audit and independent reviews; track and remediate findings.
Provide guidance to lending and retail teams on CRA expectations within the Bank’s assessment areas.
Deliver targeted training on CRA requirements and performance objectives.
Supply market and demographic insights to help business lines identify opportunities within LMI areas.
Support the Bank’s efforts to develop and maintain relationships with nonprofit and community development organizations.
Assist in identifying and evaluating qualified CRA loans, investments, and services.
Represent the Bank in community meetings or initiatives, as needed.
All other job duties as assigned

Benefits

Medical Insurance (eligible on date of hire) with options for High Deductible Health Plan (HDHP) and Co-Pay Plan
Vision Coverage
Dental Coverage
Prescription Plan
Wellness Incentive – earn up to $25 per pay period toward premium reduction
Life & Accidental Death & Dismemberment Insurance – 100% employer-paid
Short & Long-Term Disability Insurance – 100% employer-paid
401(k) Plan
Profit Sharing Stock Option
Health Savings Account (HSA) contributions for HDHP participants
Vacation time
Sick Time
Personal Day
11 Paid Holidays
Paid Bereavement
Paid time to volunteer (when representing FFBT and supervisor approved)
Voluntary Donated PTO Program
Employee Assistance Program
Travel Assistance Program
Educational Assistance Program
Corporate Discounts
Employee Referral Program
Stock Purchase Loan Option
Retirement Plan Counseling
Wellness Program
Gym Reimbursement
Employee Quarterly Recognition Program
AFLAC supplemental benefits
Cincinnati Life supplemental coverage
Family Medical Leave
Paid Bereavement Leave
Maternity Leave Policy