Associate II, CDF

Associate II, CDF

SVB’s Community Development Finance (CDF) team is responsible for executing the Bank’s Community Reinvestment Act (CRA) strategy through the origination and management of Community Development Loans and Investments.  To date, Silicon Valley Bank has committed over $2.7 billion in loans and $1.3 billion million in investments that support the new construction or rehabilitation of affordable housing for low-income seniors, families, veterans, individuals with special needs or disabilities, and chronically homeless individuals.  With these loans and investments, SVB aims to make a meaningful impact in the communities where we do business.

The CDF team is embarking on an exciting and very large expansion over the next several years.  

The Associate II will play a critical supporting role on the Sales and Originations team by assisting with the underwriting and portfolio management of affordable housing loans, and associated proprietary fund investments, that contribute to the achievement of the Bank’s CRA goals.

Key steps include:

• Perform initial deal review, sponsor underwriting and credit risk analysis.
• Prepare funding application support letters and responses to client requests for proposals (RFPs).
• Prepare credit packages, lead due diligence review, support review of loan documentation, and perform sponsor entity reviews.
• Monitor loan performance during the construction term, including preparing loan modification or extension request packages.
• Track submission of sponsor financial reports and preparing annual sponsor and loan credit reviews.
• Assist with Federal Home Loan Bank Affordable Housing Program (AHP) application sponsorship and compliance monitoring.
• Prepare various internal reports, including loan portfolio reports, sponsor exposure reports, corporate social responsibility performance reports, loan forecast reports, and regulatory reports, as needed.
• Assist CDF investment team with credit write-ups of proprietary fund investments associated with loan commitments.

Skills/Requirements

• Minimum 3 years of experience related to affordable housing, with a strong preference for experience that includes underwriting and structuring loans and/or equity investments for multifamily housing funded with Low Income Housing Tax Credits (LIHTC). Applicable/transferable community development and/or community development lending experience will be considered, including project management of affordable housing development.
• Bachelor’s Degree or Associate’s Degree with relevant coursework and work experience. Advanced study in real estate, finance, business or related field preferred.
• Ability to collaborate with and learn from team members and internal and strategic partners.
• Ability to multi-task and juggle multiple closings and projects at the same time.
• Advanced Excel skills.
• Ability to write in a clear and concise manner to convey complex information.
• Strong credit and financial analysis skills.
• Self-motivated and driven.
• Highly organized with excellent project management skills.
• Proven ability to work independently.
• Strong interpersonal skills including the ability to communicate effectively.

Primary Location

United States-Massachusetts-Boston