Portfolio Manager II, Community Development

Wintrust•Chicago, IL

2d•$85,000 - $110,000

About The Position

The Portfolio Manager II, Community Development supports ongoing portfolio management of the Bank's community development investment platform. The platform includes Low-Income Housing Tax Credit (LIHTC) investments, New Markets Tax Credit (NMTC) investments, Community Development Financial Institution (CDFI) and equity-equivalent (EQ2) investments, Small Business Investment Company (SBIC) funds, and other CRA-eligible investments. The role helps advance the Bank's community development strategy through investments supporting affordable housing, economic development, and community impact. The position underwrites and analyzes investment opportunities, evaluates financial and credit risks, prepares investment and credit approval packages, and monitors existing investments. It also coordinates with internal and external partners on transaction documentation and closing materials, and interacts with lending and investment staff, deal teams, and clients.

Requirements

Bachelor's degree; Business, Finance, Accounting, or Economics preferred.
Strong understanding of general credit and risk principles and banking policies and procedures.
Minimum 3 years of experience in commercial real estate credit, investment underwriting, tax credit finance, or community development finance.
Working knowledge of LIHTC, NMTC, CDFIs, or affordable housing finance.
Strong analytical and business writing skills.
Strong organizational skills and ability to manage multiple transactions and portfolio responsibilities simultaneously.
Good interpersonal skills when working with internal partners, counsel, clients, and senior management.
Knowledge of accounting and finance, as well as real estate fundamentals and concepts.

Nice To Haves

Formal bank credit training preferred.
A degree in Business, Finance, Accounting, or Economics is preferred.

Responsibilities

Underwrite and analyze community development investment opportunities, including LIHTC multi-investor funds, direct NMTC investments, CDFI loan pools, EQ2 investments, SBIC funds, and other mission-driven investments.
Perform financial, credit, and risk analysis of fund managers, syndicators, developers, sponsors, and underlying assets.
Prepare investment opportunity and credit approval packages describing transaction structure, sponsor qualifications, financial performance, investment risks, CRA impact, and recommendation rationale.
Analyze credit and financial information about properties and individuals to assess risk associated with extending credit.
Complete annual reviews, portfolio monitoring reports, risk rating assessments, and covenant compliance analyses for existing investments.
Oversee documentation and ongoing monitoring of asset and client performance.
Work with external and internal business partners to review partnership agreements, operating agreements, subscription documents, fund documents, legal opinions, and other transaction-related closing documentation.
Review credit approval memorandums and attorney-prepared closing documents for new and renewed investments to ensure compliance with approval guidelines.
Interact professionally with lending and investment staff, deal teams, and clients.