Production Manager - Community Development Lending & Investing
Production Manager - Community Development Lending & Investing
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Job Description
Location:
127 Public Square Cleveland Ohio 44114ABOUT THE JOB
Key Bank Community Development Lending and Investment (CDLI) is looking for an experienced community development professional to join our team as an integral leader supporting business growth. The Production Manager is responsible for managing a team of Production Analysts responsible for the analysis and evaluation of LowIncome Housing Tax Credit (LIHTC) equity investments and Community Development lending opportunities.
The leader will provide direct oversight and leadership to the Production Analyst team to maintain consistent analysis processes manage balanced workflow and assist with complex transactional matters. The individual will partner with Relationship Managers Regional CDLI Leaders Tax Credit Syndication and Underwriting to advise on deal structuring profitability and risk analysis of new opportunities.
The Production Manager must have significant technical LIHTC experience including originating underwriting or managing risk associated with equity investments and community development debt products. Additionally the individual will be responsible for building and leading an inclusive team culture through ongoing professional development and talent management.
ESSENTIAL JOB FUNCTIONS
Oversee daytoday workflow and assignment of new opportunities from the origination teams.
Review initial deal projections financial analysis and deal preflight package to advise deal team on risk analysis structuring and profitability.
Coordinate with Syndication Business Development and Fund Management teams to ensure alignment of deal structure pricing internal rate of return (IRR) and terms with investor requirements and placement expectations.
Facilitate timely deallevel decision making of new opportunities to meet business client and investor needs.
Support ongoing management maintenance and enhancements of internal LIHTC equity and debt projection model.
Review Letter of Intent (LOI) and Term Sheet offerings as necessary to ensure alignment of terms and structure.
Advise on deal matters throughout the underwriting phase to maximize yield adjust deal structure negotiate terms and balance risk/return as needed prior to transaction closing.
Oversee and manage the quality and accuracy of new business pipelines with Relationship Managers and Line of Business stakeholders.
Train develop and motivate a highly engaged team of Production Analysts.
Collaborate on creating and implementing origination underwriting and operational efficiencies.
REQUIRED QUALIFICATIONS
10 years of LIHTC experience 57 years experience in low income housing tax credit investments with underwriting or origination experience
Proven experience and broad understanding of LIHTC investments tax exempt bond financing and other government loan programs for housing development
Proven ability to drive origination or risk management processes individually or as a part of a team
Proven ability to work with a wide range of deal types and clients including forprofit and nonprofit developers and governmental agencies
Demonstrated proficiency in executing a disciplined sales process
Advanced MS Office Proficiency particularly Excel
The ideal candidate will have a bachelors degree in Business Finance Economics Real Estate or commensurate experience
This position can be located in Cleveland OH St. Louis MO New York NY Seattle WA Overland Park KS Chicago IL or Denver CO.
COMPENSATION AND BENEFITS
This position is eligible to earn a base salary in the range of $150000 to $180000 annually depending on location and jobrelated factors such as level of experience. Compensation for this role also includes eligibility for shortterm incentive compensation and deferred incentive compensation subject to individual and company performance.
Please click here for a list of benefits for which this position is eligible.
Key has implemented a rolebased Mobile by Design approach to our employee workspaces dedicating space to those whose roles require specific workspaces while providing flexible options for roles which are less dependent on assigned workspaces and can be performed effectively in a mobile environment. As a result this role may be Mobile or Homebased which means you may work primarily either at a home office or in a Key facility to perform your job duties.
Job Posting Expiration Date: 06/30/2025 KeyCorp is an Equal Opportunity Employer committed to 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.Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing
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Required Experience:
Manager
Employment Type
Full-Time
