ADDITIONAL QUALIFICATIONS

• Requires extensive technical expertise and full knowledge of commercial credit principles, financial concepts and regular use of ingenuity and creativity in solving complex credit problems.
• Comfortable in a sales and marketing environment.
• Practical understanding of Community Reinvestment Act including recent event participation. Understanding of CRA eligible equity investments a plus.
• College degree, preferably in business, finance, economics.
• Have excellent written, communication and presentations skills.
• Ability to work with a team. Good project management.
• Ability to meet deadlines.

ABOUT US

Since day one we’ve always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

• Low-Income Housing Tax Credit (LIHTC)
• Support in the identification, analyzing, preparation and presenting CRA LIHTC investment opportunities to the Bank’s CRA LIHTC investment committee. Position networks with many investment syndicators annually to identify viable opportunities. Investments are screened for alignment with CNB’s assessment areas, national or domestic value, track record and yield. Develop annual volume including number of investments and aggregated budget.
• Work includes post approval Investment Closing, Portfolio Management and monitoring Fund performance.
• Responsible for due diligence in the approval process for LIHTC funds, reviews sponsor financials and assess syndicators/syndicator 3rd party reviews. Report annually on all Sponsor/Syndicator financial status.
• Reports annually on LIHTC portfolio performance.
• Participate in the Affordable Housing Investors Council.
• Small Business Investment Company (SBIC)
• Support in the identification, sourcing, analyzing, preparing and presenting CRA Qualified Private Equity investment opportunities to the bank’s CRA Equity Investment Committee. Investments are screened for alignment with CNB’s assessment areas, asset class value, track record and yield. Develop annual volume including number of investments and aggregated budget.
• Work includes post approval Investment closing and Portfolio Management including monitoring Fund performance.
• Work includes due diligence in the approval process, prepare supporting memo and package and present to CRA Equity Investment Committee.
• Reports annually on SBIC Fund portfolio performance.
• Collaborate with other Bank colleagues on working the referrals from SBIC funds.
• Participate in the SBIA and other related industry groups.
• Attends client meetings to facilitate delivery of equity product and/or assist in problem resolution. Contacts borrowers directly, for additional information and details related to proposed investment request or clarification of financial materials and resources.
• Provides credit alternatives and creative ways to structure credits ensuring that transactions are within profitability and portfolio risk standards.
• May coordinate legal documentation including work with counsel to obtain the correct, accurate documents to ensure all investments are documented to fully protect the Bank’s interests.
• Acts as a consultant to General Partner and Fund Sponsor in developing and retaining business.
• May possess excellent corporate finance knowledge depending on the diversity of the portfolio. Excellent negotiation and closing skills.
• Other projects as may be assigned by the Manager from time to time.