Senior Investment Consultant - CDF

First Citizens Bank

5d • $115,909 - $161,273 • Hybrid

About The Position

FCB invests in a variety of Community Development investment funds through several external syndicators for Community Reinvestment Act (CRA) and Community Benefits Plan (CBP) purposes. Position is responsible for originating, underwriting, and closing of New Market Tax Credit (NMTC) and other fund investments with multiple syndicator partners, collaborating with portfolio management on underperforming projects and mentoring junior level staff.
This is a hybrid role to be based in Raleigh, NC, San Francisco, CA, or Boston, MA with the expectation that work time will regularly take place inside and outside of a company office.

Requirements

• Bachelor's Degree and 4 years of experience in Equity Investments Underwriting and Closing OR High School Diploma or GED and 8 years of experience in Equity Investments Underwriting and Closing

Nice To Haves

• 5-10 years of New Markets Tax Credit experience.

Responsibilities

• Originations and Fund Closings - Leads and coordinates originations, underwriting, internal credit and other (CRA, Tax, Treasury) approvals and closings for NMTC investments with multiple syndicator partners, including coordination with counsel on legal review of fund documents, collaborating with debt partners on joint debt + equity opportunities, and tracking investment status on the equity pipeline. Underwrites and closes other CRA eligible investment products to support First Citizens’ regulatory need.
• Portfolio Management Collaboration - Works with equity portfolio management on monitoring and restructuring or improvement plans for higher risk rated projects. Works with portfolio management team to update annual reviews of syndicator partners as part of credit approval process.
• Program Development – Provides meaningful input on New Market Tax Credit procedures and best practices. Assists in the development of originations and portfolio management strategies for the product line.
• Mentoring - Mentors junior level staff in underwriting and closing NMTC fund investments, including credit approvals, legal coordination and closing logistics. Leads internal trainings on the NMTC program.
• Participates in meetings, trainings (inclusive of Bank required compliance courses) and other duties or special projects as assigned by senior leadership and management team

What This Job Offers

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