Management Associate

Full job description 433394BR
Commercial Banking
Portland, ME
Ramsey, NJ New York, NY
March 15, 2024
Hours
40
Pay Range
$28.25 – $45.00 hourly
Department Overview
The Community Capital Group, within Commercial Real Estate, is responsible for the management and supervision of the Community Reinvestment Act (CRA) investment functions for TD Bank US Holding Company including TD Bank, N.A. and TD Bank, USA. In carrying out its duties, the Community Capital Group strives to make CRA qualified equity investments that create positive long-term impact in revitalizing communities and neighborhoods in market areas served by the Bank while at the same time providing a competitive return. These duties include originating, underwriting, closing, managing and divesting of various investment products including SBIC's, Loan and Preservation Funds, EQ2's, Low Income Housing, Historic, State and New Market Tax Credits on behalf of the Bank, or its subsidiaries
Job Details
The CRA Asset Management Associate provides ongoing support to an assigned portfolio (Housing Credits/LIHTC, New Markets tax credits, Loan funds, other CRA qualified and legacy investments) within the Community Capital Group. The Associate will be involved in pre-closing requests and ongoing portfolio and asset management through disposition of each asset. The CRA Asset Mgmt Associate will ensure that all required processes are completed in accordance with Bank standards and CCG procedures while driving data accuracy and quality control to avoid losses, recapture and reduce undue risk. The CRA Asset Management Associate supports and works closely with a senior CRA Asset Manager on construction period monitoring, quarterly and annual reporting, capital calls and syndicator/partner requests. The Associate determines and collects critical information from a variety of sources, third parties, and internal partners for utilization in key tasks within CCG Asset Management and the Housing Credit portfolio management system. During the holding period of each investment, the CRA Asset Management Associate will ensure compliance to Fund/partnership agreements and reporting requirements and documentation align accurately within internal systems. The CRA Asset Management Associate will serve as an expert in the CRA investment process and be a resource for others in the Community Capital Group. Provides day to day consistent professional support to Community Capital Group Sr. CRA Asset manager/Asset Management Team Lead in overseeing the bank's CRA investment portfolio from closing through asset disposal Assists with the uploading of reporting documents from syndicator investor portals, RIMS, CCG reporting mailbox, and other reporting sites throughout the holding period Assists Asset Management Team Lead/Sr. CRA Asset manager to extract key data and information to Housing credit asset management system, EUCs Assigned investment tasks may include a mix of Housing credits/LIHTC, New Market Tax credits (NMTC), Loan fund investments, EQ2's, and other public welfare/CRA eligible investments Assists Asset Management Team Lead/Sr. CRA Asset manager in preparing annual investment reviews, watch list, syndicator/sponsor exposure, and other periodic reporting Assists with managing portfolio risk in the Bank's Direct portfolio to monitor and track insurance renewals, real estate tax payments, reserve funding, and compliance matters for the bank's Direct investment portfolio Performs post on-boarding review of new investments on Housing Credit asset management system to ensure data accuracy Builds business relationships with Syndicators/sponsors/Investment partners to determine appropriate contacts for assigned tasks Maintains a strong knowledge of process and procedure for CRA investment products and shares information with others as a subject matter expert Assists with process improvement and change communication relevant to assigned portfolio Serves as a resource and assists with training CRA Asset Management Associates As assigned, works independently in resolving more complex issues relating to reporting, GP requests, capital calls May provide support with onboarding and training activities Job Requirements
Must be eligible for employment under regulatory standards applicable to the position 4-year degree or equivalent experience 4+ years related experience required Detailed knowledge of Housing Tax credit and other CRA, public welfare investments products, investment policy and procedures, including tax credit investment structures, AHIC risk ratings, and other related information Excellent Customer service skills, including ability to work with demanding Customers in complex lending relationships Strong analytical, problem solving and organizational skills and experience Flexible and adaptable to change, with ability to learn new tasks and systems quickly Demonstrated ability to multi-task and learn quickly Math skills and accuracy with numbers and transactions required Demonstrates strong attention to detail Strong time management skills resulting in successful completion of multiple priorities to meet objectives Excellent communications skills, both verbal and written PC skills, including extensive experience with and ability to troubleshoot specialized Asset management systems and software and ability to adapt to system changes Company Overview
Our Values
At TD, we're guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and behaviors. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career, and be part of our caring and inclusive culture. Making Your Well-being a Priority
A caring and supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars — physical, financial, social and mental/emotional. In addition, we champion a safe and inclusive work environment, so colleagues feel a sense of belonging and feel supported in their personal and professional growth. Through our focus on well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes, because when colleagues feel their best, they're more likely to do their best.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as 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, and reward and recognition.
How We Work
At TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: hybrid, onsite and primarily remote. Wherever our colleagues are working, they'll always have access to the TD community to experience our culture of care.
Who We Are
TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues. TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you've got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we're here to support you towards your goals. As an organization, we keep growing – and so will you.
Inclusiveness
Our Commitment to Diversity, Equity, and Inclusion
At TD, we're committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We're dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve. EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.
Accommodation
If you are a candidate with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at . Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.
How We're Helping Make an Impact in Communities
TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That's why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of $1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It's our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.
We look forward to hearing from you!