Community Development Investment Director

General Function

Develop relationships with developers (for profit & not-for-profit) of low‑income housing tax credit projects and historic tax credit projects that will lead to investment opportunities in all Fifth Third markets; this position is accountable for monitoring the underwriting of the investment, presentation of the investment to the Loan Committee, and closing the investment. The position is also responsible for the ongoing monitoring of the investments within their assigned portfolio.

• Develop and maintain relationships with real estate developers in the low‑income housing tax credit and historic tax credit industry.
• Develop a procedure to uncover investment opportunities within the Fifth Third Bancorp delineated market area.
• Establish and maintain excellent relationships and communications with key external and internal individuals and groups that deal with tax credits, including state housing finance agencies, state housing equity funds, accountants, attorneys, compliance auditors, commercial and real‑estate lenders, and CRA officers.
• Gather and analyze all necessary information to perform a thorough analysis of the investment.
• Make a formal recommendation as to invest or not invest; if not to invest, recommend the changes or conditions required to make a recommendation to invest.
• As directed, make a presentation to the loan committee on investment recommendations.
• As directed, concentrate on developing investment opportunities in key Fifth Third markets.
• Negotiate with developers on investment terms and conditions that provide an acceptable return and protect the bank’s interest.
• As an officer of the CDC, as directed, execute documents to admit the CDC into the investment.
• Work with internal and external partners to ensure completion of appropriate documents to close investments in a timely manner.
• Complete all ongoing monitoring of the assigned portfolio and maintain written reports as outlined in the CDC’s policies and procedures manual, and work with management to assign appropriate risk ratings and monitor continuously.
• As directed, make presentations to community groups, Fifth Third affiliates, or other organizations concerning tax‑credit investments and the role of the CDC.

• 5 to 7 years of commercial lending, real‑estate lending, small‑business lending, or a combination thereof; or 3 to 5 years of proven low‑income housing tax credit investment experience.
• Strong communication and business‑development skills.
• Ability to travel 3 to 10 days a month.
• Strong computer skills preferred.
• MBA strongly preferred.

Pay:
Total Base Pay Range $96,500 – $207,500 USD Annual.

Benefits:
Comprehensive benefits programs support the physical, financial, emotional, and social well‑being of employees and their families. Learn more at

Location:

Detroit, Michigan 48226.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.