Community Development Investment Director

Job Description

Overview

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Develop relationships with developers (for profit & not-for-profit) of low income housing tax credit projects and historic tax credit projects which will lead to investment opportunities in all Fifth Third markets; this position is accountable for monitoring the underwriting of the investment, presentation of the investment to Loan Committee, and closing the investment. The position is also responsible for the ongoing monitoring of the investments within their assigned portfolio.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Responsibilities

Develop and maintain relationships with real estate developers in the low income housing tax credit and historic tax credit industry.
Develop a procedure to uncover investment opportunities within the Fifth Third Bancorp delineated market area.
Establish and maintain excellent relationships and communications with key external and internal individuals and groups that deal with tax credits.
These would include but not limited to: state housing finance agencies, state housing equity funds, accountants, attorneys, compliance auditors, commercial and real estate lenders, CRA Officers.
Gather and analyze all necessary information to perform a thorough analysis of the investment.
Make a formal recommendation as to invest or not invest; if not to invest, must make recommendation as to what changes would need to be made or conditions would need to be met in order to make a recommendation to invest.
As directed, make presentation to loan committee on investment recommendation.
As directed, concentrate on developing investment opportunities in key Fifth Third markets.
Negotiate with developer’s investment terms and conditions that provide an acceptable return and protects the banks interest.
As an officer of the CDC, as directed, execute documents to admit the CDC into the investment.

Preferred Qualifications

Must have 5 to 7 years commercial lending, real estate lending, small business lending or a combination thereof; or, 3 to 5 years of proven low income housing tax credit investment experience.

Strong communication and business development skills required.
Ability to travel 3 to 10 days a month.
Strong computer skills preferred
LOCATION -- Detroit, Michigan 48226 Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.
Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.
Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

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