CRA Investments Officer

Cathay Bank•El Monte, CA

2d•Hybrid

About The Position

Provide overall analytical support for the department ensuring that CRA qualified investments are correctly identified, evaluated, and maintained. This position also supports the functions of the Cathay Bank Foundation by handling the intake of grant requests, and distribution of funds. Responsible for the completion of reports that monitor and track CRA investment performance. Assist with coordinating CRA investment activities and other assignments that contribute to the implementation and maintenance of an effective CRA Compliance Program for the Bank.

Requirements

Bachelor’s Degree is preferred in Business, Accounting, or Finance
1 - 2 years’ banking experience, preferably lending.
Some working knowledge of accounting or loan underwriting.
Good organization and analytical skills.
Good verbal and written communication skills.
Ability to work independently and meet deadlines.
Highly organized, results-oriented with strong attention to detail and good follow-through skills.
Highly energetic, enthusiastic, and self-motivated.
Willingness to work overtime occasionally to accomplish and meet deadlines, and to attend CRA activities.
Ability to work offsite to perform service hours and to attend CRA activities.
Strong computer skills; proficient with Microsoft Office products.
Basic knowledge of SharePoint preferred, but not required.

Responsibilities

Review investment documentation to identify and qualify investments reportable under the CRA.
Interface with investment syndicators to obtain and maintain appropriate documentation for qualifying CRA investments and donations.
Prepare and maintain Community Development Investment Spreadsheet.
Prepare and compile CRA investment activity performance tracking.
Obtain and review grant application packages from nonprofits to identify qualified recipients.
Prepare and maintain grant tracking worksheets.
Process checks requests in QuickBooks software and provide checks to recipients.
Monitor reports and assist in the preparation of quarterly reports, self-assessment, and strategic plans.
Provide Investment Status Report for Director of Community Development and regional managers.
Coordinate Foundation Grant Committee and Board meetings, prepare agenda and documentation, distribute to committee members.
Prepare minutes for Foundation Grants Committee and Foundation Board meetings.
Attend at least six CRA activities annually and participate in CRA service hour opportunities.
Assist with the maintenance of CRA information updates – Intranet, Public File, Bulletin, forms, and charts.
Assist in reviewing CRA compliance data that conforms to internal policy and procedures and external.
Complete assigned training courses in a timely manner.