Careers

1st Vice President and Non-Profit Lender - Carver Community Development Corporation (CCDC)

Bank Corporate Title: 1st Vice President
Department: CCDC
Reports to: CEO

Position Summary
Carver Community Development Corporation is the Bank’s vehicle to formalize and expand our long standing commitment to serve the communities in which we operate. The 1st Vice President of CCDC will manage the Community Development Entity in charge of the New Market Tax Credit program including reporting to its Advisory and Governing Board of Directors, sourcing transactions and overseeing the compliance of the NMTC program.

The CCDC 1st Vice President will have a direct report who will assist CCDC in spearheading a development strategy to communicate the Bank’s overall community impact data and community engagement and outreach to bring the lending and retail departments more closely together in meeting the needs of our customers.

In addition, the CCDC President will oversee the following areas:

CCDC

• Communicates the services provided by the Bank that benefit the community and the neighborhoods within our branch footprint.
• Develops, coordinates and directs community affairs activities for the organization by performing all duties below:
• Collaborates with the CEO and implements advisory board activities, policies and procedures
• Promotes the image of the bank and “Good Will” in the community by attending social impact events that enhance community relations
• Oversee all Community Impact reporting on behalf of Bank to Investors and Community Stakeholders and reports updates to the CEO and Board of Directors.

Lending

• Develop and execute a detailed outreach plan to grow new and existing client relationships and meet loan, deposit, and fee-based revenue goals for the Bank.
• Prepare and present loan proposals and relevant updates to the Management Loan Committee, the Board’s ALCO (Asset and Liability Committee) and/or the Board of Directors of Carver.
• Analyze loan/project feasibility and creditworthiness by conducting in-depth financial review (balance sheets, income statements, cash flow statements, tax returns, business plans, projections) and other relevant matters.
• Ensure that loans and other credits are structured, underwritten and closed, reflecting customer needs, while adhering to Carver’s goals, regulatory requirements, and internal control policies and procedures.

New Markets Tax Credits/CDFI Fund:

• Manage Community Development Financial Institutions Fund (CDFI) process which consists of Compliance Reporting and preparation and drafting of grant proposals
• Manage all NMTC activities on a daily basis which includes:
• Overseeing project origination, structuring, closing, asset management and compliance functions
• Manage underwriting process for NMTC projects
• Manage NMTC application process
• Responsible for investor relations and attracting new investors

Background and Experience

• At least 5 to 7 years experience in a community or commercial bank, or non-profit organization providing comparable experience.
• Must have prior experience building, managing, maintaining, and growing loan portfolios.
• Knowledge of related financing from other public and private funding sources (subsidies, bonds, housing tax credits, New Markets Tax Credits, mezzanine financing, private equity).
• Possess relevant relationships among real estate developers, local non-profit organizations, public agencies and for profit financing entities.
• Working knowledge of commercial banking products, operations, systems, compliance, and regulatory requirements is desired.
• Working knowledge of various agency funding programs and requirements a plus, especially entities that fund non-profit contracts and grants, affordable housing developments and/or community development subsidies.
• Knowledge of complex loan closing requirements, process, and documents, particularly related to combined public and private financing.
• Advanced degree in Business, Urban Planning, Finance, Law or related field preferred.