CRA Investment Officer III

Work Location:

United States of America

Hours

40

Pay Details

$110,760 - $166,400 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line Of Business

Personal & Commercial Banking

Job Description

The Community Reinvestment Act Investment Officer III invests Company funds in low income housing, historic and new market tax credit opportunities and other tax advantaged vehicles as well as venture capital funds and small business investment companies to an established annual budget in compliance with TD Bank, N.A. CRA Investment Policy as well as the investment guidelines and requirements of the Community Reinvestment Act (CRA), Internal Revenue Service (IRS) and Office of the Comptroller of the Currency (OCC) guidelines.

Depth & Scope

• Has voting authority on internal and external investment committees
• Approves legal documentation and limited partnership agreements in conjunction with counsel to achieve favorable terms for the Company
• Manages support staff assigning, prioritizing and monitoring work within assigned region
• Gathers financial and general business information about prospective investments and responsible for financial analyses needed to make investment decisions
• Participates in group credit decision process and communicates with prospects and Customers to close transactions
• Personal lending authority typically ranges up to $750,000 but generally exercises investment authority by participating in group lending decisions
• Participates in the development of overall department operating policies and procedures by communicating new or unique situations and solutions developed
• Accountable for identifying portfolio risk and recommending solutions to senior management
• Meeting production and CRA goals as well as identifying new clients and relationships for the Bank
• Coordinates referrals from commercial loan officers and community development officers throughout the bank's service area
• Ensures Customers adhere to limited partnership agreements and reviews general partner requests for amendments; makes periodic audit inspections of Customer sites
• Prepares a variety of reports and information summarizing tax credit business for management, community development and tax departments, regulators and others detailing portfolio risk profile, yield and other information
• Coordinates closely with community development, tax and other related departments to update and exchange tax credit related information; Ensures achievement of CRA investment test goals with community development area and works with tax department to understand and use various state and federal tax credit investment programs
• Assists in the development of less experienced investment officers and coordinates referrals from commercial loan officers and community development
• Represents the Community Capital Group at Company functions, business groups and civic organizations to maintain wide referral network and enhance sales performance
• Represents the bank and the Community Capital Group on non-profit and fund investment/loan committees and Boards
• Maintains current investment risk ratings. Makes appropriate comments in Customer credit files to ensure information remains current; Takes appropriate action to correct deficiencies, including performing collection and workout activities as needed on delinquent accounts, with help from more experienced personnel as necessary
• Divests investments as appropriate after required holding periods have expired
• Manages existing tax credit portfolio to track investment results, ensure conformity with terms and adequacy of documentation and identify areas of credit weakness or delinquency; Coordinates with accounting and tax areas to ensure investments are properly recorded
• Ensures investments obtain market rate yields on all product types to maximize the investment return to the Bank
• Develops new low income equity investment products that satisfy CRA guidelines as well as deliver better yield and diversification. Contributes suggestions and leads initiatives to enhance overall CRA investment program
• Develops and maintains productive business relationships with national and local low income tax credit syndicators, real estate developers, commercial lenders, non-profit agencies, venture capital firms and other referral sources to generate investment opportunities that meet the Company's limited partnership equity investment criteria. Identifies deals good for the Company as well as the community in four areas, including low income housing, historic buildings, new markets credits and venture capital; Evaluates syndicator performance on an ongoing basis to ensure standards for investment quality and return are maintained
  
  

Education & Experience

• 4 Year Degree or equivalent experience
• 5 Years of related experience
• Five years or more of investment experience needed
• In-depth knowledge of tax credit investment programs and related state and federal regulations, including CRA, IRS, Low Income Housing Tax Credit (LIHTC), New Market Tax Credit (NMTC) and Historic Tax Credit (HTC) and other regulations
• Strong understanding of commercial business development techniques and credit decisions
• Strong knowledge of commercial real estate lending practices
• Strong credit and financial analysis skills
• Experience building strong business relationships both internally and externally
• Versed in all aspects of investment analysis
• Extensive negotiation skills and experience
• Excellent overall communications skills, with ability to work with a wide range of people
• Supervisory skills, if a lead position
• PC skills
  
  

Physical Requirements

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional
• International Travel – Never
• Performing sedentary work – Continuous
• Performing multiple tasks – Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds – Occasional
• Sitting – Continuous
• Standing – Occasional
• Walking – Occasional
• Moving safely in confined spaces – Occasional
• Lifting/Carrying (under 25 lbs.) – Occasional
• Lifting/Carrying (over 25 lbs.) – Never
• Squatting – Occasional
• Bending – Occasional
• Kneeling – Never
• Crawling – Never
• Climbing – Never
• Reaching overhead – Never
• Reaching forward – Occasional
• Pushing – Never
• Pulling – Never
• Twisting – Never
• Concentrating for long periods of time – Continuous
• Applying common sense to deal with problems involving standardized situations – Continuous
• Reading, writing and comprehending instructions – Continuous
• Adding, subtracting, multiplying and dividing – Continuous
  
  

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

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.

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. Learn more

Additional Information

We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process

We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

If you are an applicant with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.