KeyBank Senior Banker - National Equity CDLI in New York, New York
Senior Banker - National Equity CDLIinNew York, NYatKey Bank- Corporate
Date Posted: 12/23/2019
Employee Type: Full-Time
Location: New York, NY
Job Type: Banking
Experience: Not Specified
Date Posted: 12/23/2019
Headquartered in Cleveland, Ohio, KeyCorp (Key) is one of the nation s largest financial services companies. Key provides investment management, retail and commercial banking, consumer finance and investment banking products to individuals and companies throughout the United States and, for certain businesses, internationally.
Our goal is to be the best regional bank in the U.S. What that means is we put our clients needs first and take a customized approach to meeting those needs. At Key we ve made a promise to our clients that they will always have a champion in us. To deliver on that promise, we re committed to building a team of engaged employees who do the right thing for our clients and help them achieve their financial goals each and every day.
About the Job
KeyBank is committed to growing its National Affordable Housing Platform through its Community Development Lending & Investment group (“CDLI ). CDLI s mission is to help clients and communities thrive. CDLI provides capital solutions for affordable housing and community development projects in urban and rural communities. As one of the nation s premier affordable housing capital providers, CDLI offers one-stop-shop debt and equity/investment capabilities that bring together balance sheet financing, equity/investment and permanent loan offerings. Non-profit and for-profit affordable housing owner-operators and developers seeking to build, acquire and preserve affordable housing can leverage CDLI s broad, fully integrated platform, including solutions such as: construction; acquisition; bridge-to-re-syndication and preservation loans; lines of credit; various permanent loan executions including Fannie Mae, Freddie Mac, FHA/HUD and bonds; and equity investments for affordable housing projects, especially Low Income Housing Tax Credit (LIHTC) financing. With a national presence and an experienced team of more than 50 professionals serving clients coast to coast, CDLI delivers deep product and solution expertise to help local affordable housing and economic development projects succeed.
Key Community Development Corporation (“KCDC ) is the equity/investment arm within CDLI, and the subject KCDC Senior Banker position will work with the KCDC and CDLI Teams to further develop affordable housing equity/investments strategies to grow KCDC affordable housing investments in both LIHTC investments and preservation investments.
Essential Job Functions
This is a great opportunity for an experienced Affordable Housing Equity/Investment professional who is assertive, possesses a strong initiative and works well both independently and collaboratively to grow LIHTC and preservation investment strategies in the affordable housing industry.
Bachelors Degree (in related field)
7 to 10 ten years experience in tax credit investment with a focus on raising tax credit equity/investments from third party investors.
Strong third party investor contacts within the LIHTC investment industry.
Experience implementing creative selling and innovative problem solving techniques.
Proven ability to drive a business development effort individually and within a team.
Proven experience and broad understanding of government loan programs for housing development, tax credit investment, and other non-traditional CRA related investment products and programs.
Demonstrated sensitivity to the financial needs of low-to-moderate income individuals/communities and understanding of the tax credit markets.
Demonstrated proficiency in executing against a disciplined sales process within a sales service environment.
Strong knowledge of financial markets.
Strong verbal and written communication skills.
7-10 years of experience investing and raising capital in the low income / affordable housing industry with demonstrated credit acumen. Recognition as an affordable housing investment industry expert. Strong knowledge of real estate fundamentals and underwriting as well as sales training and/or skills. Ability to travel.
Advanced college degree (MBA preferred)
10+ ten years experience in tax credit investments and raising third party tax credit investments.
Recognition as an affordable housing investment industry expert
This position may be located nationwide based on KeyBank's Commercial Real Estate Offices.
FLSA STATUS: Exempt
KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to engaging a diverse workforce and sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.