CRA Credit & Investment Business Strategy Manager
The SouthState story is one of steady growth, deep community roots, and an unwavering commitment to helping our customers move forward. Since our beginnings in the 1930s to becoming a trusted financial partner across the South and beyond - we are known for combining personal relationships with forward-thinking solutions.
We are committed to helping our team members find their success while maintaining the integrity of our values: building trust, fostering lasting relationships and pursuing excellence. At SouthState, individual contributions are recognized, potential is cultivated and team members are inspired to achieve their greater purpose. Your future begins here!
Summary
The CRA Credit & Investment Business Strategy Manager is responsible for developing and implementing long-term community development credit and investment strategies that drive growth throughout the Bank’s Assessment Areas, in congruence with the Bank’s goals and objectives. The CRA Credit & Investment Business Strategy Manager will assess CRA credit and investment opportunities aligned with both CRA/Community Development and Bank Strategic goals; to include underwriting and transaction structuring, documenting and lead underwriting and due diligence for qualifying CRA investments such as LIHTC, NMTC, EQ2, SBIC, and others. The CRA Credit & Investment Business Strategy Manager will balance the Banks strategic goals, Community Engagement mission impact, profitability, policy and risk. The CRA Credit & Investment Business Strategy Manager will act as the internal CRA advocate in collaboration with internal business line partners, external partners to include investors, developers, vendors, and others as necessary.
Duties & Responsibilities
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Work with Senior Leadership, CRA Investment Working Group, Director of Community Engagement, Director of Corporate Stewardship and others (i.e. CD Officers, Local Leadership) to create and deploy strategies in collaboration with stakeholders efforts surrounding enhancing community development lending and investments.
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Organizational alignment and cross-functional collaboration – align with various business lines, (Credit, Small Business, Commercial, Retail, Mortgage, ERM, MarCom, Corporate Stewardship etc.) and Regional & Community Leadership on local needs and incorporating local relationships with a Community Development focus. Includes supporting the various local leadership in investment opportunities and understanding resources required to implement new Community Development loans and investment initiatives in their local community.
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Takes initiative to lead and successfully supports and defends communities needs for new community development loans and investments to include both commercial and mortgage related transactions , i.e. LIHTC, NMTC, EQ2, down payment assistance programs, mortgage-backed securities etc.
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Conduct or support commercial and community development credit underwriting, including analysis of borrower/guarantor financial statements, cash flow, collateral, repayment sources, global debt capacity, and risk factors. Not with the intent to approve the transaction, but advocate for approval by local leadership and credit team.
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Evaluate, structure, and recommend community development loans and investments consistent with CRA objectives, credit policy, and risk appetite. Includes due diligence on opportunities including but not limited to LIHTC, NMTC, EQ2, loan funds, CDFI related credit extensions, and securitized investments as applicable.
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Prepare or contribute to credit memos, investment summaries, approval packages, and portfolio monitoring materials. Collaborate with internal partners (i.e. Credit, Finance, Risk, CRA Investment Working Group, CD Officers, and line of business leaders) to assess transaction structure, policy compliance, risk appetite, and community development eligibility.
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Monitor performance, covenant compliance, and impact/results of community development