Relationship Manager - Community Development Banking

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

• Bank of America's Community Development Banking (CDB) group is seeking a Relationship Manager to join our team.  CDB is part of the Commercial Real Estate Bank (CREB) and is committed to building stronger and healthier neighborhoods in low- and moderate-income communities by providing financing solutions, including equity investments, to for-profit and non-profit developers of affordable multifamily housing. In 2023, CDB delivered $7.1billion in debt financing and equity investments to help build vibrant, sustainable communities through affordable housing and economic development across the country.
•  

This position supports the South Community Development Banking team which covers affordable housing developers out of Bank of America offices in Washington, DC, Atlanta, Charlotte, Tampa and Ft. Lauderdale.  The candidate will be responsible for marketing and coordinating the delivery of community development financing and associated banking products and services to a portfolio of client relationships and prospects.

Candidate must have prior Commercial Real Estate/Community Development lending and/or investing experience; affordable housing finance, LIHTC investment, GSE lending or similar experience a plus. The Relationship Manager works with our best customers and prospective clients to create financing strategies for the development of affordable housing, community revitalization and rehabilitation. Acts in an advisory capacity to assist clients in accessing all areas of the bank to meet clients' financial needs including Treasury, Wealth Management, Structured Products, and Employee Benefits. Has strong working relationships with senior leaders in the affordable housing industry, CDFIs, tax credit investors, syndicators, municipalities, state agencies, intermediaries, consultants, and other lenders. Proficient at real estate, sponsorship, and project financial analyses, and familiarity with a range of financial products and services. 

Required Skills:

• Minimum five (5) years' experience working within Commercial Real Estate, Community Development or LIHTC investing
• Excellent communication and presentation skills
• Strong knowledge of real estate fundamentals, credit training and underwriting, as well as sales training/skills
• Must possess the flexibility to travel throughout the region in support of clients​​

Education Requirements:

• 4-year degree or equivalent work experience

Shift:

Hours Per Week: