Senior Asset Manager Truist Community Capital

The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.

If you have a disability and need assistance with the application you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries wont receive a response).

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for monitoring and reporting on a portfolio of equity investments through partnerships with real estate developers/syndicators. Areas of focus include projects utilizing Low Income Housing Tax Credits (LIHTC) that each drive critical CRA results. Investments provide banking solutions for developer clients and economically benefit and revitalize communities throughout the Truist footprint by providing affordable housing creating or preserving new jobs and bringing new goods and services to underserved areas.

Essential Duties and Responsibilities

Following is a summary of the essential functions for this job. Other duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.

• Manage the condition and performance of Truist Community Capitals investments to ensure ongoing compliance with Bank credit terms external stakeholder and IRS requirements. The assigned portfolio is typically comprised of complex investments with large portfolio exposures.
• Monitor regular financial and operational reporting on the performance of investments while working directly with partners to resolve concerns. This involves detailed review and analysis of operating budgets audited financial statements and partnership tax returns.
• Prepare risk ratings on investments while communicating and making recommendations to the Asset Management Team Lead and Risk Officer on strategies to address projects requiring additional oversight
• Perform in-person property inspections to assess physical condition and ongoing compliance
• Serve as a resource providing guidance and support to newer Asset Managers or to other areas within the Bank
• Promote sound risk management as the first line of defense by ensuring compliance with Bank policies for credit underwriting operational regulatory tax legal procedures and policies.
• Build and maintain strong internal and external working partnerships across multiple lines including: Credit Risk Portfolio Management CRE - RECAD Wholesale Ops CRE Loan Admin along with Clients such as Developers Syndicators and Property Management Companies
• Keep abreast of developments and current regulations in the industry and in geographic markets served while serving as a skilled resource into firsthand insight and trends.

Qualifications

Required Qualifications:

The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelors degree in Business Finance or related field and specific knowledge/experience with supporting educational background or equivalent education and related training
• 7 or more years of related experience
• Knowledge or experience in strategic planning/projects/process management
• Strong analytical problem-solving skills
• Effective interpersonal and communication skills
• Proven negotiating skills
• Knowledge of accounting financial operational regulatory and information technology systems
• Demonstrated proficiency in basic computer applications such as Microsoft Office software products.

Preferred Qualifications:

• Housing Credit Certified Professional (HCCP)

#Atlanta

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits though eligibility for specific benefits may be determined by the division of Truist offering the offers medical dental vision life insurance disability accidental death and dismemberment tax-preferred savings accounts and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment along with 10 sick days (also prorated) and paid holidays. For more details on Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race gender color religion citizenship or national origin age sexual orientation gender identity disability veteran status or other classification protected by law. Truist is a Drug Free Workplace.

Required Experience:

Manager