TD Community Development Corporation- SBIC Senior Asset Manager

TD Bank • Philadelphia, PA

90d • $110,760 - $166,400 • Remote

About The Position

The TD Community Development Corporation ('TDCDC') SBIC Senior Asset Manager optimizes performance of a growing equity investment portfolio in Small Business Investment Companies (SBIC) and economic development funds; identifies risk factors; ensures yields are tracked; and investments meet industry standard practices while conforming to all Bank and regulatory policies. The Asset Manager monitors and manages closed investments in SBICs and economic development funds for compliance with the investment guidelines and requirements of TD Bank, Community Reinvestment Act (CRA), the Volcker Rule, Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines. The Senior Asset Manager properly assesses and reports data to TDCDC and TD Bank internal reporting systems and to the portfolio management system maintained by our external vendor - Burgiss. Other responsibilities include the production of internal reports for earnings, forecasting, investment performance, impairment and compliance to TD Bank and TDCDC management.

Requirements

• Bachelor's degree or equivalent experience in Accounting, Finance or related business field.
• CPA or CFA accreditation is considered a plus.
• 7+ years of related investment experience with lower middle market (LMM) mezzanine and LMM buyout funds is a plus.
• Candidates should possess a strong knowledge of LMM mezzanine and LMM private equity markets.
• Knowledge of related federal regulations for Bank investors, including CRA, Internal Revenue Service, OCC, Volcker Rule and other regulations is advantageous.
• Proven ability to analyze financial statements, legal documents, partnership and subscription agreements, and IRR models.
• Proficiency in MS Windows network environment, to include MS Excel, MS Word, and MS PowerPoint.
• Working knowledge of the key macroeconomic trends within the LMM mezzanine and LMM private equity industry and to a lesser extent the venture capital industry.
• Demonstrated ability in building and sustaining business relationships both internally and externally.
• Excellent communication skills, with demonstrated ability to work successfully with a wide range of people.

Responsibilities

• Oversees and manages closed Bank investments in SBICs and economic development funds to ensure compliance with the investment guidelines and requirements.
• Responsible for oversight and management of limited partnership investment information and communicates limited partnership investment information to a third-party service provider.
• Responsible for the oversight and management of the accuracy of service provider information, and serves as point of contact for limited partnership investment related information for internal and external needs.
• Responsible for oversight, and verification of investor capital call, redemption and distribution process, including accurate breakdown of LP distributions.
• Responsible for oversight and management of timely, accurate, informative, professional reporting.
• Responsible for oversight and management of monthly AUM reports.
• Serves as a contact and resource for all internal and external requests for investment-related information.
• Provides administrative support to the SBIC department head and Investment Officers for all SBIC investments.
• Coordinates with other staff to create and maintain asset management files and records.
• Coordinates effective communication among and maintains positive working relationships with Bank departments, Fund Sponsors and Regulators.
• Keeps up to date with the SBIC investment market and regulation.
• Responsible for oversight, management and maintenance of information systems necessary for efficient analysis and reporting.
• Responsible for verification and testing of records to ensure accuracy and completeness.
• Provide oversight and testing of payment process.
• Represent the Bank at industry trade conferences, volunteer organizations, and limited partner advisory and LP Board meetings.
• Evaluates Fund Sponsor performance on an ongoing basis to ensure standards for investment quality and satisfactory equity returns are within the Bank's tolerance levels.
• Assists in the mentorship and development of junior staff professionals.
• Provides valuation reporting to the CCG Asset Management Team Lead, as requested.

Benefits

• Base salary and variable compensation/incentive awards.
• Health and well-being benefits.
• Savings and retirement programs.
• Paid time off (including Vacation PTO, Flex PTO, and Holiday PTO).
• Banking benefits and discounts.
• Career development opportunities.
• Reward and recognition programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree