Affordable Housing Construction Lender Vice President

Morgan Stanley is a global financial services leader with three core businesses: Wealth Management, Investment Management and Institutional Securities. The Wealth Management Division comprises one of the world's largest networks of Financial Advisors with offices across the United States. Morgan Stanley acquired ETRADE in 2020 to position itself as the industry leader in Wealth Management across all channels and segments, and significantly increases the scale and breadth of the Wealth Management franchise.

Job Description:

Assist CDF Relationship Managers in complex, affordable and commercial real estate loan activity and the underwriting and funding of loans. Develop and analyze credit information. Prepare credit memorandums working closely with CDF Relationship Managers, Credit Risk, and Loan Operations to close and monitor transactions originated by the CDF Relationship Manager with partnering agent banks. Prepare credit memorandums, quarterly construction update, annual loan review write-ups, furnish information relative to Credit's inquiries, and provide assistance to CDF Relationship Managers and Credit Administration. Monitor construction in process including review of monthly site inspection and draws along with borrower and sponsor financial information, including covenant compliance, extensions, maturities and delinquencies and provide accurate assessments of ongoing guarantor and project financial stability. Manage a RE portfolio of borrowing clients with responsibility for portfolio quality.

Responsibilities:

• Analyze and investigate credit and financial information on prospective and existing loans. Perform analysis of data provided by other financial institutions and internal partners. Provide loan documentation and support activities.
• Prepare credit memorandums, modifications and extensions on new loans and within the portfolio. Provide credit and project analysis, risk assessments, summaries, and recommendations for CDF Relationship Managers on new and existing credits.
• In conjunction with the Relationship Manager and legal, review all loan documentation, entity documents, budgets, participation agreement, etc. prior to closing.
• Review and recommend approval of monthly site inspection and draw including ensuring the budget remains in balance and sufficient interest reserve remains. Elevate any concerns in a timely manner.
• Responsible for the tracking and analysis of financial information of new, renewed, and existing loans. Monitor loan terms for covenant compliance on existing loans. Regularly establish, review, and update new and existing loan files. Assist with the maintenance of all loan monitoring systems.
• Responsible for the management of credit files to ensure receipt of current and accurate financial information, including annual audits, interim financial statements and covenant compliance. Responsible for all continuing file maintenance and the annual loan reviews.
• Responsible for (in conjunction with CDF Relationship Manager) managing portfolio priorities, including reporting issues, maturities, delinquencies and loan performance (including construction progress through absorption and lease-up performance, covenant compliance, and the appropriateness of ongoing risk ratings).
• Responsible for complying with policies, procedures, security requirements and government regulations. Ensure adherence to company and credit policies, auditing procedures and department goals and standards. Ensure compliance with the Bank's credit policies.

• Bachelor's degree in real estate, Business, Finance, Economics or other business-related field (required)
• At least 5 years of regulated banking credit analysis. 7+ years total
• Proficient in Word, Excel, Access, PowerPoint and other similar programs